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Upward Mobility Barriers

Charles3662 Wrote: Sep 10, 2012 7:33 AM
Can anybody explain how Barack Obama went from nearly penniless to a multimillionaire in 20 years producing nothing? Money doesn't multiply that fast. His "doorway of opportunity" was a whale of a lot different than anything I ever saw. Lay out a timeline and see if it makes sense!

Let's pretend that we have the political guts to expand economic opportunities for people at the lower end of the economic spectrum. What vested interests should be attacked, and what economic regulations should be targeted for elimination? It doesn't take a lot of money to become a taxi owner-operator and earn more than $40,000 a year. One needs a car, an insurance policy and ancillary interior equipment to make a car a taxi. In New York City, to be a taxi owner you'd have to purchase a license -- called a medallion -- that in June 2012 cost $704,000. New...