NYU professor Scott Galloway on how to fix income inequality - Business Insider

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'We are barreling toward a caste system, sequestering kids by income,' says NYU professor profgalloway. Here's how he thinks we can fix it.

formed each day during the Carter administration vs. now. We are living in an era of non-innovation as a feckless DOJ/FTC and media enable monopoly abuse.

In 1997, we purchased a home in Noe Valley for $760,000 and sold it two years later for $1.2 million. I used the gain to move to NYC, start an ecommerce incubator , and purchase stock in Nike, Oracle, Apple, and disk drive firm Iomega. In sum, unremarkable kids no longer have access to remarkable opportunities. Today, I would not be admitted to a good school, wouldn't be able to start a business due to crushing student loan debt, wouldn't be able to buy a house, invest in stocks, or start a business. My professional life, and economic fortune, would foot to who I was/am — unremarkable.

Tax K-12 private schools and reinvest the proceeds in public schools. We are barreling toward a caste system, sequestering kids by income, which cuts at a key ingredient to capitalism: empathy.

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profgalloway Anyone who knows rich families knows this is silly because a lot of private schools just produce weaklings&cry babies. It's logical to think that inherited privilege would lead to the automatic Good Life. But you would be surprised. Grit counts. Life beats up p$ssies eventually

profgalloway So the idea is essentially to fix education by pouring more money into the failing public system? No thanks.

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