On the usefulness (or lack thereof) of the holders of capital

Rich People Don’t Create Wealth. They Manipulate It.:

The point is that both intellectuals and labourers are definitely more valuable than wealthy executives who only know how to increase their personal fortunes (which we perceive as “making the company successful”). We all know that the real success of a company is a consequence of innovators, good labour, and good marketing. In most cases the extremely wealthy don’t directly involve themselves with those tasks, but rather leave them up to hired experts.

Rich people skim wealth off the surface and manipulate their wealth, thus creating the illusion that they’re performing an important service. In truth a computer could do most of what they do; hire specialists to manage their companies and hire workers to perform labour. The wealthy just have what, superficially, appear to be complicated jobs because they’re always leveraging their existing capital to make more money. That’s not really a useful job - that’s just the manifestation of their own self interest, and a consequence of our willingness to allow this parasitic elite class to exist.