I often enjoy Paul Krugman’s columns, and this week’s was no exception. It’s about how thin-skinned the millionaires and billionaires are on Wall Street:
But here’s the thing: If Wall Streeters are spoiled brats, they are spoiled brats with immense power and wealth at their disposal. And what they’re trying to do with that power and wealth right now is buy themselves not just policies that serve their interests, but immunity from criticism.
It’s also an ego thing. Vast wealth isn’t enough; they want deference, too, and they’re doing their best to buy it.
If Krugman is right – that Wall Streeters can’t stand having their profession derided by politicians, then I’m right – they couldn’t last a week as a trial lawyer.
Lawyers in general but especially trial lawyers have been political punching bags for hundreds of years. No matter how much good we do, the public thinks we’re scum… until they need us, of course. But that’s another story.
Can’t say I have much sympathy for anyone – especially successful people – who complain that the public doesn’t appreciate them much. No one loves my profession, and outside of my clients, no one ever will. You know how I deal with it? By finding my personal fulfillment within myself instead of needing validation from others.
So to all of you private equity guys who think you “don’t get no respect,” try being a trial lawyer. There’s far less respect over here, and because we’re not as organized as you, we really do face legislation every year that prevents us from earning a living.