Genuine question: Which group do you consider yourself to be in, the unproductive majority or the productive minority?
Discussion
I consider myself pretty productive. I've contributed to the creation of billions of dollars worth of capital at 3 different startups. I'm constantly researching and reporting upon tech interests that lie in my wheelhouse.
Fair enough, that makes sense. I suppose I was trying to get at the idea that revenue/salary and productivity aren't particularly correlated, especially on a fiat standard. There are plenty of rentiers who are unproductive/uninnovative and yet they would be considered to be in the productive minority. They are as much a tax on productive people as the government.
without a meaningful correlation the US economy should be less productive than it is
For the most part, everyone considers themselves to be in the productive minority.
Everyone also considers themselves NOT rich, even those making millions.
Many people think the rest of humanity are idiots, which means other people think you and I are idiots.
My rule of thumb is beware of people that think dogs are better than humans. Those people are not going to have your back.