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What is workless income?

by on March 3, 2013

What is workless income? Is it welfare? Or is it when an investor hires a consultant…who hires a stockbroker…who makes a deal on their behalf to purchase stock in a company?

If the investor is incorporated, the stockbroker’s fee consists of pre-tax dollars, i.e. you pay to help someone else get more than his fair share of your work!

[Disclaimer: this argument isn’t entirely balanced. Investing can be seen as a form of work. And it can also be risky. That’s why bailouts are so important!]

Please note that money sometimes flows in surprising ways. Hidden income may stream via things as varied as value-added tax, corporations, and the money system itself.

Remember: money itself cannot work. Nor should the system as a whole have inherent workings that benefit those already at the top. “The first million should be the easiest, not the hardest.” (thank you, AP) – Work is done by people!


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