Yet, in utter disregard of such plain facts, so-called "social scientists" do studies which conclude that America is no longer a land of opportunity, and that upward mobility is a "myth." Even when these studies have lots of numbers in tables and equations that mimic the appearance of...
Here's a Korean idea that could be used by others - they form "investment clubs" (the formal name escapes me), with each member contributing monthly into a pool. That pool of money is used to help a member start a business - a dry-cleaner, convenience store, etc. The members help develop a business plan, and support the new business, and the owner repays the loan back into the pool, (plus their "monthly" contribution), where the cycle is repeated with the next member of the group. Obviously, a high-level of trust and integrity is required - members can't just walk away once they get theirs - the system breaks down if that happens - but over a period of years, everyone gets rich. Imagine a group of vets, or a minority group, or ....
Most people are not even surprised any more when they hear about someone who came here from Korea or Vietnam with very little money, and very little knowledge of English, who nevertheless persevered and rose in American society. Nor are we surprised when their children excel in school and go on to professional careers.
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