Hollywood hypocrisy: Why would anyone trust celebrities for financial advice?

Will Ferrell and a gaggle of other Hollywood stars are now appearing in a MoveOn.org video that knocks executives of medical insurance companies.

Let’s just set aside the fact that it’s even less funny than Ferrell’s last couple movies and proceed to more important issues. LIke is it fair and well-researched? Is it even good advice? Or is it just more half-baked Hollywood hypocrisy?

The clips are actually just a smoothly-produced bit of propaganda for government-run healthcare. And modicum of research reveals that the healthcare industry has extremely thin profit margins (ranked 86th) and that medical insurance executives aren’t paid any higher than, let’s say, entertainment executives and far less than comedians who think they’re economic experts.

But what damaged part of the American psyche makes us believe celebrities, especially when it comes to financial and economic matters? Why would we want to believe, for instance, a guy who made millions by starring in Land of the Lost. A movie, by the way, that cost $200 million to make and made, like, forty cents at the box office. (How many people could that piece of cinematic garbage have insured?)

Why should we value the opinion of people who are paid millions of dollars and who feel the need to increase taxes on their biggest fans–the middle class?

Here’s a better solution: If all the Hollywood Obama backers and the celebrities who star in these MoveOn.org flicks are flush with cash, comps, bonuses and gift baskets and feel they could do a better job at providing medical insurance, why don’t they pool their money together, create a venture capital pool, and create a new medical insurance provider?

Source: New York Daily News

– Written by Sven Waring