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stemlord 9 days ago

To be fair OP's website explains that most of the money isn't earned income. I'm happy for them though

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compiler-devel 8 days ago | parent | next [-]

What do you mean by “isn’t earned income” ?

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alchemist1e9 8 days ago | parent [-]

The anti-capitalists have this crazy idea that investment income isn’t “earned” in the same way that labor income is. Of course that’s absurdly anti-capitalist and completely ignores the point of capitalism and the function of risk taking incentivized by potential rewards. Failing to make a coherent argument against active investment income, for instance entrepreneurs, they will then revert to criticism of passive investors and their eventual complaint will come to arguing S&P index investors should be taxed on “unrealized” gains.

Remember it’s all illogical nonsense motivated by Envy which they masquerade as Empathy.

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stemlord 7 days ago | parent | next [-]

I thought "earned income" was an actual accounting term (to define a type of taxable income as opposed to passive income):

https://itap1.for.irs.gov/owda/0/resource/Commentary_Files_R...

" Earned income is money received as payment for work, including wages, salaries, bonuses, commissions, tips, and net earnings from self-employment. For tax purposes, it can also include long-term disability payments, union strike benefits, and, in some cases, payments from certain deferred retirement compensation arrangements.

Income such as investment profits and Social Security payments is considered unearned income, also known as passive income."

https://www.investopedia.com/terms/e/earnedincome.asp

	▲	alchemist1e9 7 days ago \| parent [-]
		That’s all accurate and I was assuming you were referring to passive income exactly as you have clarified. That doesn’t change any of my observations as your comments imply unearned income deserves higher taxation than current is applied, which is what I object to.

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simonhorlick 8 days ago | parent | prev [-]

It's motivated by the ideology of wanting a meritocracy - the idea that if you work hard you can reap rewards. Having some people in society that can sit at home and watch the S&P increase while some have to work 50-hour weeks to make ends meet is seen as problematic.

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a96 5 days ago | parent | next [-]

And your influence, merit and worth are what you're paid in salary. That sounds sane.

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stemlord 7 days ago | parent | prev | next [-]

It wasn't a judgement remark, "earned income" is what you call that which is not passive income

	▲	alchemist1e9 7 days ago \| parent [-]
		What does the “to be fair” part of your sentence mean then?

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Izikiel43 4 days ago | parent | prev | next [-]

I see this as a goal in life, not a problem

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alchemist1e9 7 days ago | parent | prev [-]

> the ideology of wanting a meritocracy - the idea that if you work hard you can reap rewards.

and of those hard earned rewards investing them and then sitting at home and watching the S&P increase you mean?

oh wait that’s problematic … let’s take those rewards away for “fairness” .. opps no incentives no meritocracy no prosperity

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fastball 8 days ago | parent | prev [-]

Working for a company that pays you in stock and then selling those stocks is in fact earned.