On: Why 'Passive Income' Is A Dangerous Fantasy (2011)

[ricardobeat]

Only if everyone ended up having a million dollars :)

Jobs like that are supposed to be transitional, for students, etc, and they tend to be automated away. There isn't a real need for every human on earth to work, so it's feasible that everyone could focus at least part-time on what they really want. That's what tends to happen in advanced societies (more time spent on voluntary activities vs employment).

[autotravis → ricardobeat]

Too bad the U.S. is stuck on 40hrs/week, every week of the year and funneling profits up to the top of the corporate food chain.

[sanoli → ricardobeat]

>>Only if everyone ended up having a million dollars :)

If that actually happened, it wouldn't be that great. A million dollars would just be worth a lot less real fast.

[Donald → sanoli]

You're fixating on the dollar amount. Other formulations of the concept:

* What if everyone had the purchasing power of one million 2013 US dollars?

* What if there were such an excess of capital that every human being had the equivalent of a $25k - $35k minimum yearly income?

[sanoli → Donald]

Isn't the first point pretty much the same?

The second one... come to think of it, wouldn't it also have the same effect, but just take a bit longer?