Yep. And racehorses make mint for racing around a track. And even an idiot can make a lot at Vegas, if he's lucky. Actors occasionally bring in bank, that's why they make bank. . Country is in the mess because we have no jobs and we are spending like we are all millionaires. Any idiot can figure out that if you got no job, you slow down on spending. You don't crank it up so uncle Dougie can have a great government job. And it's not a great idea to increase taxes in the middle of a recession. On anyone. But this will not stop some from doing it. The proven solution is to keep rates predictable and relatively low so capital doesn't have as much drag on return.
Because the demand of many creates huge profits for a few. Actors, sports figures and other so-called "celebrities" who make exorbitant salaries do so solely upon the public's obsession with being "entertained". It's through our own warped fascination with them that they secure their special standing. The market is there - and is fully taken advantage of. It is we who supply them with their millions.
If motion picture producers didn't make so much money from people going to movies, they wouldn't pay the actors so much. Same for TV; money is made in television by selling commercial time; companies want their commercials on the programs with lots of viewers. Viewers watch popular programs with popular actors. So the studios try to produce popular programs and pay the popular actors lots of money. It's supply and demand; the public demands handsome, talented, sexy actors in their movies; they don't want newcomers. So the handsome, talented, sexy actors with experience in the business can get their high wages. We pay the most for the things we consider luxuries.
The debt is getting bigger by the minute. The federal reserve just stepped up its printing of money. Soon inflation will kick in and more jobs will be lost. The economy will grind to a halt. And know one will say they voted for Obama.