Thanks. I know. People seem so defenseless and jealous. If one of the hedgees wants to live like that fine. It's his business, but I know these guys and I would not want to be them.
"Life is unfair." So what? Nobody can tell me making a living 20-50-100-200 years ago was easier. Simpler maybe but not easier. Do people in this country really want to add 10-20% to their Wal-Mart bill? I think not.
More people in this country know more about baseball then economics. Its a miracle that things are as good as they are. Econimics is not that complicated; it is so easy to learn. Thomas Sowell and Walter Williams have written excellent books and articles. If this was my blog I would require people to read Sowell before posting on economic topics. Many are marxist and don't know it. Odd very odd.
It's wrong, not to mention unkind, to confuse the desire for "fairness" with Marxism. Of course, Marxism promises fairness, but delivers something else entirely.
People in general are told "work hard and prosper." And when they work hard and don't propser, they get a bit cranky. There are literally millions of people who have seen their jobs devalued over a period of years, not even decades. How do you tell a guy who spend a decade running an injection molding machine that his job is now worth 50 cents an hour?
For the record, I've run into quite a few of the hedge fund kids. They crack me up. Most, if not all, are quite bright. However, they tend to lack a certain self-awareness.