Exactly. And even with sports and entertainment stars combined we're talking, what, maybe 1000 people? Hardly an "overclass." And most of them will burn through their money maintaining a lifestyle of opulence while saving nothing. They'll support their "crews" of sycophants and "posse" of criminals and hangers-on who help them spend their money on useless, gaudy crap faster than they can earn it.
In almost every example, they're multi-millionaires trying to live like billionaires and in the end they wind up just as broke as they started, forced to declare bankruptcy with millions in debt (not to mention child-support payments).
You could not be more correct. If they were a bit more frugal or managed their new-found wealth more intelligently, they’d have a lot more assets. It’s not a coincidence that many of these clowns have rather ephemeral weath - here today, gone tomorrow - because they lack financial discipline.
There’s a billionaire here in Illinois who still eats senior meals at McDonalds; still shops at Burlington Coat Factory and drove a Buick until he made his first billion, when he finally opted for a year-old Mercedes Benz S500. Unlike the blowhards mentioned by CNBC, he has donated over $30 million to the University of Chicago Hospital as well as tens of millions for cancer research and village clinics throughout his native China.