Meanwhile, there are a few continuing to earn gazillions of dollars and the public simply does not worry about it. In fact, they actively contribute their hard-earned dollars to enrich these few.
Don't believe me? Well, that is because you are not thinking about entertainers, like movie stars and basketball players. Don't you think it is atrocious that these people earn multiple of millions? But, hey, that is what the market system is all about. So, I find it strange that we completely ignore some of the multi-million earners in this market system, while we get insanely mad about some other multimillionaires. And it gets worse: these are not even "free market" transactions. MLB, for instance, is a Congress sanctioned monopoly! Players don't get free-agent status until they have served their time. .... ah, the twisted logic in life!
How much are the earnings? Here is an example about Lebron James:
At the age of 18, he was selected with the first overall pick in the 2003 NBA Draft by the Cavaliers and signed a whopping $90m shoe deal with Nike before his NBA debut.
Since then his cachet has soared, with rich people's bible Forbes magazine putting his total earnings at $270m.
Want to know how much dead entertainers earn? Yes, they are no longer alive! Click here.
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