It's Not The "Idle Rich"; Study Reveals "Working Rich" Driving Top US Incomes
America's richest people aren't the "idle rich" - jumping off diving boards into giant vaults full of coins and taking off for adventures with their nephews. According to a new working paper co-authored by members of Princeton University, US Berkeley, Chicago's Booth School of Business, and the US Treasury Department, the top 0.1 percent, or those earning more than $1.6 million per year, are the working rich.
When my wife does a lot of billing at her legal practice, the first thing I think is how can you get your associate doing that billing. In my mind it's all about scalability and saleability. This is why I left consulting: I couldn't build the processes to make it independent from me. I see nothing fundamentally noble about the founders doing a lot of the work.
The socialist view seems absurd on many levels.