When people are sitting around collecting passive incomes, it’s very difficult to eliminate because the people getting the free money want to continue getting that free money. In fact, they usually want more and more free money.
The problem is that the free money isn’t really free.
When someone like Bill gates owns hundreds of thousands of acres of farm land, and rents out the farm land to receive a passive income…
Well, someone has to pay that passive income.
And it’s actually the farmer who works the land, who ends up paying rent for the land, paying the passive income of the wealthy rent seeking owner.
And then since the farmer needs to eat, he will increase the price of the stuff he sells. So you and me, and all of the average consumers, we are the ones who end up paying the passive incomes of the super wealthy, through things like increased grocery prices.
It’s difficult to eliminate because all of the wealthy people who get free money for being wealthy, want to keep receiving that free money.
So they lie to themselves, and to everyone else, and pretend that it’s totally helping everyone else when they do it, or that it can’t possibly affect anyone negatively, or things like that.
Many people firmly believe in this type of neofeudalism, where landlords with inheritable titles sit around collecting money from the people who do the actual work.
They invent little stories, telling themselves that it’s actually vitally important to grant monopolies on insulin and other life saving drugs, so that the owners of pharmaceutical companies can get a big passive incomes, and have the right incentives to research how to extend the patents.
Or sometimes they will say things like “life’s unfair, let’s keep it that way because the unfairness benefits me”.
Point to some old homeless vet with no legs who is getting a couple hundred dollars, and all the wealthy people will be up in arms about the free money, demanding to know if the guy really deserves it or not, declaring it to be fraud, saying that it needs to be cut.
Same thing if some kid is getting a meal in school, or living off food stamps.
Then, wealthy people are very very very concerned about who is getting free money, and how much.
“Does the worker living out of his car really deserve healthcare”, they ask.
“who’d gonna pay for it” and “I don’t want to pay for other people’s [insert whatever here]” also come up often.
But when it comes to the free money of the multibillionaires?
Complete amnesia about how it all works, suddenly it’s just self-made free money appearing out of thin air!
Personally, I think I think that workers like me being taxed to provide a pension to old people so they can retire with some dignity and not be left to starve, is a good idea.
But the other rent seeking shit, where we are forced to fund the passive incomes and the wealth growth of multibillionaires flying in private jets from epstein islands to luxury palaces?
That’s where the welfare fraud really is.
Rentiers greedily sucking on the tit of passive income, squeezing everyone dry to try and get a couple more drops.
Who’s gonna pay for their space tourism and luxury yachts?
You and me, and everyone else.
Same as usual.
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