We have a very tenuous system balanced carefully on the backs of certain individuals. To upend this system would be a catastrophe (for those currently benefiting from it financially).
Great point. Or they might turn that into something that benefits everyone in their community (the horror). I know your comment was tongue in cheek. It made me laugh at work.
One of the things I respect most about Lebron James is that he used his immense talent not just to help himself and his family, but also his friends. Maverick Carter, James’ best friend, is a millionaire now. He runs a lot of James’ businesses. While Lebron himself is probably going to be a billionaire, he has helped several of his friends become millionaires. Rich Paul runs a sports agency and is probably worth $20M. Randy Mims also runs some of Lebron’s business interests and is a millionaire himself. That’s four boyhood friends that all became extremely wealthy even though only one was actually an elite athlete. While all were good HS athletes, only Lebron was ever going to the pros. But because James was able to capitalize on his talent financially, the other three were able to start and build their own businesses as well. Instead of one kid making it out of a run down area of Akron, three did, and another kid from east Cleveland made it as well. They started a marketing agency in 2006, when James otherwise would have been just leaving college. But since he was already a pro, James was signing a big extension in the NBA.
Lebron James has completely flipped everything. He skipped college. He got rich. He stayed out of trouble. He got his friends rich. They have built their own business/sports/media empire. And he did it all outside the usual channels. That’s what it means when an athlete has a chance to capitalize on their marketability from the beginning. Not one life changed. Not one family changed. Several. Dozens. Maybe hundreds before its all said and done. And that’s just directly. Who knows how many will indirectly benefit.