Because money does not come out of nowhere.

A lot of people make money from zero sum games, or from things with a small positive sum socially (e.g. selling something for a little bit less than someone else).

not with that attitude. how much time does it take to manage a portfolio? people who work for charities do it, many of them part time. if professors were given responsibility to manage some portion of the endowment and paid as a percentage on the return they generated from it they could do a lot better.

I was raised in this institutional class that had contempt for "trade" and it's a cover for meekness, envy, and a smallness that justifies some pretty terrible worldviews. I love brilliant people, but someone with the mind to be an academic is only ever poor becuause of their own fatuous snootery. they do it to themselves and they moralize their envy by blaming "systemic" factors while affecting an unworldly out of touchness that makes them repellent to anyone with responsibility.

perhaps I have a bit of a chip from being outside of it, but having managed some personal success in spite of it, the problems of bureaucracy are the problems of children to me.