> Investors did work for wages (or their ancestors did) and then instead of consuming they spent it on others in exchange for a pension. That is pretty much th

> Investors did work for wages (or their ancestors did) and then instead of consuming they spent it on others in exchange for a pension. That is pretty much the definition of the nobility. Someone many generations ago did something perceived as meritorious by the monarch and was awarded a title and some land. To get to the position where they could have done something to earn them a peerage, their ancestors would have worked a job for payment, and so on. The only difference is the timescale. The 16th Duke of Hamilton is 400 years from someone who had to work for a living. A highly privileged modern investor whose only job was a sinecure at Daddy's company might have parents or grandparents who worked an upper-middle class job. > The modern day equivalent to nobility would be government employees That is a ridiculous snark. Government employees work for a wage, just as commercial and third sector employees do. If they stop working, they end up destitute same as any other employee. You do realise that Ron Swanson is a fictional character, don't you?