this post was submitted on 16 Nov 2023
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Passive income. Equity. Financial security. Something you can take a quick loan out against without worry that you'll lose your home.
I mean you can easily argue "greed" about everything. For example: Why do you need a bigger paycheck (besides greed)? Any answer you give, I can conveniently waive away as you not living within your means. I mean, you could easily buy or build yourself a tiny home and live on a cheap plot out in the boonies. Oh, you want amenities? Accessibility to the convenience of a town/city? What could you possibly want with any of those material wants (besides greed)?
If passive income you getting income without working then who's working without income.
This whole thread thoroughly convinced me of george's ideas.
As Adam Smith said
You have a 401k? Does it earn interest? Did you earn that interest? Is your money being used as an investment vehicle to gain passive returns without you having to work for it? I mean, by your argument we should get rid of all retirement funds, we should no longer invest in companies as we get no return for giving our money to help a company grow. Should we do away with hotels as well? They don't do anything except provide shelter for a short term, whereas you renting from someone provides shelter for a long term.
Should we just get rid of all renting then? If you can't afford a house, then where do you live? These are pretty much all rhetorical questions, I'm not expecting you to answer them, as I believe I've made my point.
In an ideal world, you wouldn't have to deal with scummy landlords. But what's the alternative? In a free society why am I limited to what I can own? If I have the money to purchase something, should I not have the right or ability to do so if I want to?