King is a good story teller, his writing isn't as great as Faulkner's and he's no poet but I'd consider him literature. Not the best but definitely not the worst either.
As Zippy pointed out, you should read "On Writing", Turk. And all artists live on the same thing by the way, money. The great painters of Italian Renaissance, the French Romantics like Balzac who wrote plays simply because it was the easiest way to get rich, all of them do it for the money at some point.


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