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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

'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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Register now for Business Insider's event on the future of retail - Business InsiderBusiness Insider is hosting its first Ignition event on the future of retail on January 14, 2020, in New York City. Where is the location ?
Source: BusinessInsider - 🏆 729. / 51 Read more »

US businesses warn Trump administration against EU tariffs - Business InsiderAmerican businesses are warning the Trump administration against plans to tariff European wine and cheese. Here's what they're saying.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Meet John Hueston, the Enron prosecutor now representing big business - Business InsiderPalantir, ex-TPG exec Bill McGlashan, and Elon Musk have all tapped John Hueston for legal firepower. Insiders explain how the one-time Enron prosecutor became a fixer for the rich and powerful.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Dame Traveler Instagram creator on how she built her business - Business InsiderThe creator of a wildly popular travel Instagram account explains how she built a following of over half a million and how much she charges to partner with brands like HotelTonight (by j_wellemeyer)
Source: BusinessInsider - 🏆 729. / 51 Read more »

6 cars that won a 'Car of the Year' award in 2019 - Business InsiderThe list includes Car of the Year awards from Business Insider, Motor Trend, and Women's World Car of the Year, to name a few. You’d think there would be only one winner
Source: BusinessInsider - 🏆 729. / 51 Read more »