How were people in the past able to come to America with literally no money and survive and thrive and some even starting businesses and becoming wealthy? Is that even possible today?
In: Economics
There was less big government policy in early America, now there are licenses, registrations, taxes, and fees that accompany nearly everything one could do to generate a profit, which creates entry barriers.
It is certainly possible, startups and entrepreneurs exist and thrive, but current policy does not do a great job of promoting the “lift yourself up by the bootstrap,” type of mentality.
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