Living on Passive Income
Q&A Radio: 12 January 2014, Question 2
I answered a question on living on passive income on 12 January 2014. You can listen to or download the podcast of just this question below – or check out the whole episode of Philosophy in Action Radio.
Is it moral to live on passive income or just work a "four hour work week"? Would that be compatible with the idea that a person's productive work should be his central purpose? If a person is so productive that he is able to enjoy a great life by only working a few hours per week, would it be wrong for that person to spend the rest of his time on travel, relationships, hobbies, self-improvement, education, and other non-productive interests?
My Answer, In Brief: Morality requires that you support your life by your own efforts, producing and trading for the material goods required for survival. It doesn't require you to put in a certain number of hours at work, and it shouldn't entail living for weekends and retirement.
- Duration: 13:07
- Download: MP3 Segment (4.5 MB)
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About Philosophy in Action
I'm Dr. Diana Brickell (formerly Diana Hsieh). I'm a philosopher, and I've long specialized in the application of rational principles to the challenges of real life. I completed my Ph.D in philosophy from the University of Colorado at Boulder in 2009. I retired from work as a public intellectual in 2015.
From September 2009 to September 2015, I produced a radio show and podcast, Philosophy in Action Radio. In the primary show, my co-host Greg Perkins and I answered questions applying rational principles to the challenges of real life. We broadcast live over the internet on Sunday mornings.
My first book, Responsibility & Luck: A Defense of Praise and Blame, can be purchased in paperback and Kindle. The book defends the justice of moral praise and blame of persons using an Aristotelian theory of moral responsibility, thereby refuting Thomas Nagel's "problem of moral luck." My second book (and online course), Explore Atlas Shrugged, is a fantastic resource for anyone wishing to study Ayn Rand's epic novel in depth.
I can be reached via e-mail to firstname.lastname@example.org.