Ep. 163: Inequality Debate with Michael Covel on Trend Following Radio

Michael Covel did a recent podcast with Peter Borish, who has an unparalleled background in charity. He runs his charity like a business; there have to be results. Because if you don’t run it like a business, there is waste. Government, however, is not like that. Covel moves on and discusses the wealth inequality between the 1% and the 99%. The Wal-Mart heirs have the same wealth as the bottom 30-40% of America’s entire population. Covel thinks that when it comes to the inequality debate, the government is ultimately responsible for inequality. They’re pimping out the American people to large operations, whether that’s the banks, insurance companies, pharmaceutical companies, and or fast food companies. Covel gets into specifics about this “pimping” behavior discussing how else the government creates inequality and discusses mandated healthcare. In the midst of all this chaos, there are trends. Covel notes that one of those trends is Singapore, and how it appears to be “Galt’s Gulch”. Average is a state of mind. Who wants to be average? And what’s the choice versus an entrepreneur? You have to figure out a way to make yourself valuable. Covel explores.

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