Re: Inequality much worse than most think
Sorry to hear about your dad, but I know the exact opposite scenario. My cousin who graduated state school worked for years at my aunt's store (think swapmeet) refusing to leave her side even though the business was unprofitable. In 05-06 my aunt got sick and passed, my cousin shut down the business. My cousin then went into real estate mostly remodels, general contractor work, stuff like that. My cousin was good managing laborers and contractors of all sorts. At the height of the downturn in 08 my cousin began doing flips mostly half destroyed houses with blood, sweat, tears, working 100+ hour weeks - today my cousin is worth several million and came from very little. Obviously the FEDs QE has helped tremendously in this profitability. But that same opportunity should have been available to your father. To say that it's all opportunity or a rigged system is simply not fair and inaccurate.
You can still make it in America if you try. It's just harder with QE.
Originally posted by ProdigyofZen
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You can still make it in America if you try. It's just harder with QE.
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