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Politics : View from the Center and Left
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To: TigerPaw who wrote (9682)1/24/2006 6:18:30 PM
From: TimF  Read Replies (1) of 541348
 
You should consider a worker's salary or pension to be an income stream much like an annuity if you want to compare it to a business owner's business.

I should if I want to twist it around to try and support your argument. But you don't provide me any good reason to do so.

If a workers salary should be considered an annuity stream than the income from a business could be considered the same. Both the salary and the business income can end. People die and businesses do sometimes. Businesses also lose money without going out of business.

Both represented the sweat and savings of a lifetime

No. The worker may have savings based on their work. But neither the work itself nor the income stream from it represents savings or investment. They may save or invest any surplus wages. That savings or investment would be the "savings of a lifetime". They could pass that to their heirs. The savings/investment could be cash under the mattress, a CD, a portfolio of securities, or it could be a business they created with the capital that took them years to save up. All of these can produce an incomes stream (except the cash under the mattress). That income stream will go to their heirs.

The income stream from a dead worker and the income stream from a dead business are perfectly analogous in this situation. Neither continues so there is nothing to pass along. But in both cases the prior income stream may have been saved or invested and the results of that savings or investment can be passed on.

Tim
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