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The way to be economically successful in modern America is to leverage yourself to the hilt to get massive returns during good times (while cautious savers miss
by ummonk 7y ago
The way to be economically successful in modern America is to leverage yourself to the hilt to get massive returns during good times (while cautious savers miss out on getting such massive gains), and then turn around and ask for a bailout if things go south and the heavy leverage and lack of rainy day savings pushes you underwater.
- londons_explore 7y agoThe way to be economically successful is to extract those large profits from your company in the good times, then claim bankruptcy in the bad times. All your assets get sold off cheap, and you can use those extracted profits to form a new company to buy up the assets and continue business.