Follow-ups for Mr. Damon

Matt Damon says:

I didn’t go start a small business with my tax break, and I don’t know anyone else who did. No, everybody’s socking their money away.

IMDB (the Internet Movie Database) lists 13 titles to Damon’s credit as producer, twelve of which as executive or co-executive producer.  It’s not always the case, but one thing I’ve learned from watching Entourage is that an executive producer is a Hollywood entrepreneur.  They take it upon themselves to shepherd a project from idea to reality and often invest some of their own money in the project.

If Damon said this to me, one follow-up question I’d ask: Have you invested your own money into any of the 13 projects on which you are listed as a producer?  If so, then he has started a small business with his “tax break” and he created jobs for the writers, actors, production folks, agents, assistants and distributors in the process

Next: Where do you “sock away” your money?   If you invest it the stock market, mutual funds or save it in the bank, then you are letting others use your money to create jobs while you have no immediate use for the cash.

1 thought on “Follow-ups for Mr. Damon

  1. Perceptive point. I’ll be sure to ask Matt about it when we next do a film together.

    I meet so many people who worry that folks “are just socking away [saving] their money, rather than spending it” that I’m beginning to think there might actually be a tremendous amount of cash stuffed in sock drawers around the United States. Perhaps people suspect of others of doing this because it’s what they themselves are doing.

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