Famous Investor Thinks Bitcoin Investment Trust Is Overrated
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After all, whether you work in the public sector or the private sector, this is a democracy still. And Minnesotans, and regularly voting in higher taxes dutifully, more government spending, and by making use of the always-willing-to-indoctrinate University of Minnesota, an extremely anti-corporation, anti-American, anti-capitalism psychology. It didn’t matter where you proved helpful.
Minnesotans with regular persistence kept voting to take themselves in the foot. Of course, if you’re pulling from the same pool, that meant the private sector was also as incompetent and corrupt and the public sector. And mercy was it. Yeah, US Bank or investment company might have employed you back in 1965 (when it was First Bank or investment company) if you graduated from the U of MN. But by the 1990’s not ONE investment banking company would consider you if you don’t go to an Ivy League school.
Sure 3M may have hired some local chemical engineering majors in 1968, however, not now. Most of their growth and expansion has been done outside Minnesota. And undoubtedly you could land employment at the second-largest private firm in the country, Cargill if your name was Smith. But now, unless you are a Cargill or know a Cargill or know somebody who works at Cargill, good luck.
In one era, Minnesotan employers had gone from hiring people predicated on skill to recruiting people based on contacts. But ignore cronyism and nepotism. Let’s just assume there still are companies out there who just want to hire a good ole Joe and don’t care about who they are or who they know. Certainly the common Joe is working his way out of lower-middle income Fridley stands a shot at getting a job was Wells Fargo downtown.
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You see, we can not be hasty. We can not just “hire somebody.” We need to follow guidelines. Though not unique to Minnesota, HR has performed a vital role in ensuring the average Joes and Janes of Minnesota don’t make it. The connected networked ones can simply by-pass HR. But no you middle-income types from Richfield! As well as then the decay within the private sector isn’t fully accounted for. And that is the precise phrase to use. For as the product quality and caliber of Minnesotans tanked, is it any surprise you’ll have amoral people not only working in the rates of corporate America, but soaring through those ranks?
And gee, what industry is historically susceptible to get scammers and schemers who are always searching for a shortcut and may haven’t any moral qualms about the financial effects of their actions? Hate me if you will. Think I’m arrogant and sticky (that I am). Call me every true name in the book. You wouldn’t be facing 9% unemployment, perpetually dropping housing prices, and a stagnant economy. You wouldn’t have your premises taxes jacked up 300% in a decade.
You wouldn’t experience your tuition jacked up 10,000% since last week. But of course, I am theorizing about what I could have done if “I were king” is a pointless exercise. I had been never in that position of power, I wasn’t even close to being in an important position of power. I had been the common Joe from Fridley too. So what’s a man to do?
The only thing he can do. But is where the point comes full circle here and invite me yet another few. Of arrogance. Is it a very important thing mostly of the guys who could have stopped the housing crash in the state is leaving? I understand some of you are happy I’m departing.