You could say the same about musicians and authors. Are they immoral as well?
But note that I have been very careful not to call the fund managers individually immoral.
Making great art is wonderful, but it's certainly not "work" the same way that digging a ditch or answering tech support calls is.
Wealth extracted from a market, which is what the parent commenter said in the first place
I described it as “sitting there” to contrast my viewpoint that in fact it’s not being “extracted” from anything as far as I can tell.
It’s totally incoherent and unreliable as an explanation for an economy, but it explains the comments in this thread.
Normally you'd get a low percentage fee instead of getting all of the returns unless you got that capital for free (inheritance?), so yes, you are a worker compared to the person controlling the capital.
Say, for example, my job is allocating capital across the roulette wheel. My work is picking the numbers, the fruits of my labour are excess returns.
Are those returns not work? What are they?