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Some millennials say financial realities, especially living with student loans, changed their chosen career path. As a college senior studying policy, Brad Walters wanted to be a legislative aide, but seeing the low $30,000 starting salary in comparison with his $60,000 student debt, he went into education instead. “It tells you something when education is the more lucrative option,” he jokes.
Why are recording artists in debt in the first place?
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For some of the nation’s wealthiest people, particularly Bezos and Musk, adding corporate taxes to the equation would hardly change anything at all. Other companies like Berkshire Hathaway and Walmart do pay more, which means that for people like Buffett and the Waltons, corporate tax could add significantly to their burden.
"There are plenty of funds out there looking to buy catalogues at multiple of 10 times and above [in exhange] for artist royalties," music consultant Alasiter Moughan told the BBC.
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Business practices that run afoul of these litmus tests may raise short-term revenue, but they’ll sap long-term loyalty.