Comment Re:And as a white parent who knows the realities . (Score 1) 622
The problem is the penalty for failure is vastly improportional between classes.
If you come from say...a lower middle class family, what's the penalty if you fail your first business, or fail to find a job after racking up $40k in loans? How many times can you afford to fail before the bank stops giving you money, or your parents can't afford to support you?
What's the worst that could happen if you came from a well-to-do family? Will they be cruel enough to force you out onto the streets while they live in a 7 bedroom house on the hill?
If you come from say...a lower middle class family, what's the penalty if you fail your first business, or fail to find a job after racking up $40k in loans? How many times can you afford to fail before the bank stops giving you money, or your parents can't afford to support you?
What's the worst that could happen if you came from a well-to-do family? Will they be cruel enough to force you out onto the streets while they live in a 7 bedroom house on the hill?