A Real Capitalist
Some people do make it into the 1% based on their own creativity and hard work. Creativity is the key, i.e. they create something that people want to buy.
A case in point is JK Rowling. She has made it into the ranks of billionaires, the first writer to do so, with her Harry Potter books. Her success has created thousands of jobs, and made a lot of people much richer than they were.
Along the way she has created or supported multiple charities, and isn’t running around complaining about her tax rate, but does complain about the Conservative policies of the current British government and their effect on the poor.
When you compare Ms Rowling with the Wall Street Whiners it becomes clear that Wall Street isn’t creating anything, they are merely moving money around, but they think they are vital to the economy. Where is the magnum opus of Goldman Sachs that justifies the salaries of its executives and adds real value to the American economy? Causing a global financial meltdown is a liability, not an asset.
6 comments
Never cared for the Harry Potter books but fair play to J K Rowling for making a tidy while giving pleasure to a lot of people (hmm that doesn’t sound quite right!)
Wall street, the Square Mile and their counterparts across the world are just bloody large casinos
Her biggest accomplishment was to make readers of children, to get them into the mode of using their imagination to create a different reality. That is an amazing thing when you consider all that is spent attempting to do it by schools and parents.
Now that is very true Bryan
Of course, the fundamentalists want all of her books banned for promoting witchcraft and Satanism.
she added a huge amount of value to my life. she deserves every penny.
I don’t remember any hidden charges, and you could get the books from a lot of libraries if you didn’t mind the wait. Capitalism does work when it’s allowed to.