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Originally Posted by pan6467
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How about the gentleman Will smith is playing in his latest movie ( I have not seen it), I understand he was homeless and is now the CEO of his company.
Have no idea, can't comment on it.
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He did have to live in the subway system, and I'm sure that he would have appreciated some basic social services that would have treated him (and his son) as a human even during the poor years. But, it did give him the drive to get a job and make money. But a lot of people that get down have other problems that good basic medical services, rehab, consoling services and education could get them back on their feet.
As for other people that have become CEOs from nothing, I would say Bill Gates, Steve Jobs and the two Google guys plus a lot of tech and internet people have been able to turn ideas into their own companies. Yes, this is still a good country for doing that.
The problem is the second generation CEOs are usually the ivy league business school MBAs, with a few other upper management jobs for experience. They write these contracts that the shareholders basically have to approve (who else will they get?), and they get a golden parachute if the company fails or if they are fired. These are rarely the lower and middle class people getting these jobs (unless they started a huge business before).
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Back to the original topic, are you thinking that the problem is the Fed Reserve creates a billion dollars, and then pockets the interest? Doesn't the interest from that new money go towards paying the interest in people's bank accounts, plus the operation of banks? Inflation is a problem in my mind, and what most Americans are facing as their money is worth less and less. (though we don't care about that, most people would rather make 40k in 2007 dollars instead of 25k in 2001 dollars). They would instantly think 40k is more, it must be better. If you are buying electronics, shoes and cheap stuff at Wal-Mart, the 40k is better, those prices are down from 2001. If you are buying houses, health care, or traveling around the world, the 25k with 2001 prices would be the better choice.
I don't know, it's been a while since I learned about the banking system in the US.