Look, even Wikipedia admits it!
Passive income is a type of unearned income that is acquired with little to no labor to earn or maintain.
“I work very hard as a landlord”
“I am a leech on society”
Look, even Wikipedia admits it!
Passive income is a type of unearned income that is acquired with little to no labor to earn or maintain.
“I work very hard as a landlord”
“I am a leech on society”
Sure, but it’s still passive income. Being a landlord is not the only way of having a passive income. And I’m criticizing the way it’s defined.
idk, this reads like using a semantic difference to run cover. The app isn’t passive income because you did something even though the creation of it is over, passive income comes from owning something as opposed to doing/making or anything else of actual worth.
In this case the passive income is like landlording off the intellectual property rights of the API, it is a form of rent seeking, and im pretty sure the good socialist take here is “it’s fine for a person to get fair compensation for their work but not okay to own and profit from that ownership for literal perpetuity so that they can be paid for the same dead labor over and over again”
Yeah, there is some depth to it but mostly to prevent exploitation of the time it takes when considering the uncompensated education or experience that allows it
Please see my other comments in this thread, you have a wing definition of “passive income”, please look it up.