Interesting read in the New Yorker: www.newyorker.com/reporting/2012/10/08/121008fa_fact_freeland?currentPage=allc It is all about the attitudes of a group of super-rich, centering on Leon Cooperman. He's the guy who famously sent President Obama a letter: So, I'm sorry, but obviously in Leon Cooperman's mind, he is a "maker", along with his banker and hedge-fund-manager friends. I don't think that is necessarily so. Some of them provide asset management services, just as a dentist does. (Read the article). Some of them make the world of investing more efficient, just like iPhones might make things more efficient for a business traveler. But, some investment bankers and hedge-fund-managers don't. They don't help people, they don't make things more efficient, they don't fund new businesses hiring people. Instead, they play advanced financial games that create, and then profit from, instability. Some of those games have resulted in massive losses for ordinary people just trying to save for retirement. And none of them are actually creating anything, goods or services, that ordinary people actually use on a day-to-day basis. General Motors, and your local dentist, are makers. What Leon Cooperman does may be necessary at some level, but, isn't anything "real". It is derivative, in the old sense, capitalism. I think it is sad the exalted status these guys have in their own minds, comparing themselves to, for example, Steve Jobs. And they are angry at President Obama for pointing out that we all have our part to play in the economy, when, in their minds, only their roles really matter.