Not all 1% is Equal, Apparently

There was an interesting conversation on the Rush Limbaugh radio program this morning between economist (and guest host) Water Williams and economist Thomas Sowell with regard to the 1% of Occupy Wall Street Fame. They brought up the curiosity that the protesters do not seem to resent high earners in the entertainment and professional sports fields even though they decidedly earn enough to be part of the dreaded top 1%. The conversation went to the point that it doesn’t matter because just like anyone else in that bracket their earnings are basically earned. And that is the point. I don’t understand why going to the movie theater costs so much because I consider it to be an unpleasant experience. I don’t understand why Miley Cyrus’s films are so much a larger draw than Mike Judge’s. I think that professional sporting events are prohibitively expensive and I don’t go very often as a result. But, enough people that aren’t me are willing to pay the costs allowing for large compensation. Practically, the large difference in pay between a starring actor in a movie and a crew member is no different than the large difference in pay between the CEO and staff member working within the corporation that makes the movie amongst other things. To my understanding the reason for the Occupy cult’s disability with regard to this understanding is in line with their general misunderstanding of reality and the economy and what exactly Wall Street is and does. That, and pure unadulterated jealousy.