For most people, passive income is a bit of extra pocket change that requires minimal effort to earn to supplement a main source of income. For Steve Ballmer, it’s $1 billion.
But giving someone at the bare minimum support from the state is apparently setting the wrong incentive. They say free money for doing nothing is communism and makes people lazy while giving a billinaire billlions for doing nothing is late capitalist doublespeak.
I hope he suffocates on it.
To put it into perspective: If you would earn 5000$ every day (not per month, per day) and you had started with that when Columbus discovered America, you still had not 1 billion!
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ITT: a bunch of people who don't understand how dividends work on stock ownership. He's not collecting a salary, Microsoft is not actively paying him, he's just an investor who owns a shit ton of stock.
Apparently no one realizes this but if we want to stop this particular type of income we basically have to destroy how everyone's long term and retirement savings work. He's getting it from his share's dividend income.
So at what amount do we guillotine someone? When they have accrued 1 million and are safely withdrawing 90k a year from their stocks/dividends? Are they allowed to do nothing and get income?
Um.... This article is clickbait. It's like If I invested super early at AAPL(Apple) and now have a billion dollars in Apple shares. Sure, I'm a billionaire, it doesn't mean I didn't do anything to get it.
I am shocked that an OG Silicon Valley business owner and right hand man of the creator of the most popular software on the planet is till taking his cut of the shares. SHOCKED!