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Harvard celeb student David Hogg ‘checks math’ and calculates that billionaires don’t work hard

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Failed former pillow company executive David Hogg believes the path to becoming a billionaire doesn’t involve any hard work. This may admittedly explain why his own business endeavor failed so spectacularly.

In tweets posted early Sunday morning, he used so-called “math” to prove that billionaires didn’t earn their wealth “by working hard and lifting [themselves] up by the bootstraps.”

To hear him tell it, billionaires earn their wealth via “ridiculously undertaxed compound interest and tax breaks for Wallstreet and not main street at the cost of your workers.”

It’s presumed most billionaires have better grammar than him …

View his tweets below:

He was right in one way: “Working hard” alone won’t make one a billionaire. That level of success in any endeavor requires working intelligently as well.

Take weightlifting. If you peruse any weightlifting forum, you’re bound to run into numerous people who say they work out all the time but are unable to achieve “gains.” There’s a reason for this.

In the world of weightlifting, just mindlessly pumping iron won’t reap you any real rewards.  You’ll put on some size, for sure, but to achieve real success, you have to learn proper techniques, and learning technique requires more than just hard work.

Similarly, success in business requires much more than just hard work. According to Investopedia, becoming a billionaire also requires innovation, investment, humility, an entrepreneurial mindset and persistence, for starter’s.

Sadly, it doesn’t appear Hogg has many, if any, of these traits. As one example, consider his decision to resign from and thus give up on his pillow company only two months after forming it.

Given this failure, critics were not particularly moved by Hogg’s anti-billionaire rant. If anything, his failure seemed to prove to them that he’s a “punk kid” who needs to “grow up” some more — perhaps a lot more.

Look at a sliver of the criticism below:

Ever since Hogg, a survivor of the Stoneman Douglas High School shooting, became famous following the tragedy, he’s been advocating far-left positions, first on guns and now on economics.

In another smaller rant posted two days earlier on Friday, he complained about CEOs who refuse to arbitrarily raise their wages to $15/hour.

Look:

What this sort of thinking seems to demonstrate is a refusal to listen and learn. The data is clear that corporations base their wages on the market, which invariably is why forced wage increases lead to layoffs — because market conditions make the wages detrimental to the corporations’ bottom line.

“One third of small business owners say they’ll likely lay off workers if Congress raises the federal minimum wage to $15 an hour,” CNBC reported in February following a survey conducted on its behalf by SurveyMonkey.

These are the facts, and an appreciation for the facts is also an important trait for aspiring billionaires to have. However, it appears Hogg lacks this one as well.

Vivek Saxena

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