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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (10096)	1/27/2006 5:20:23 PM
From: TimF	Read Replies (1) \| Respond to of 542169

If your idea is only to have a market in incomes streams it really isn't new, even though it is rare. You can get around the incentive problem by either picking income streams for which it is not a problem, or by only buying a percent of the income. (Say 10% of the HS dropout basketball star's future earnings, so he has the other 90% to provide an incentive. However your reply came in response to a conversation about inheriting wage income streams. You normally only inherit when someone dies. Also normally the wages stop when someone dies. Nothing to inherit. You just inherited the melted ice sculptures I mentioned before... The fact that at some point his game will decline does not even mean his revenue stream will if he manages it correctly, and further it need not end at death either for similar reasons. The basketball star's basketball wages will eventually end. Marketing opportunities might not end at death but that is a special case. Most wage earners don't have those marketing opportunities. Tim