Mastodawn

The passive income movement was a fantasy about not having to give a shit. This is a terrible foundation for pretty much anything.

https://www.joanwestenberg.com/the-passive-income-trap-ate-a-generation-of-entrepreneurs/

The "Passive Income" trap ate a generation of entrepreneurs

I had coffee last year with a guy - I won't use his real name - who told me he was "building a business." I asked what it did. Dropshipping jade face rollers. I made him say it twice. Jade face rollers. He'd found them on Alibaba for $1.20

Westenberg.

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medium rare bird

@Daojoan my model of this phenomenon is that all these people are downstream of the basic failure of their ethics to tell them that the redistribution of money is zero-sum, and so "passive income", like all other forms of profit through owning capital rather than laboring, is simply theft

but capitalism doesn't acknowledge this, so it pushes people into the purest forms of rent extraction and scamming