The president of BlackRock investment firm has said that an 'entitled generation' of Americans will face the shock of goods shortages for the first time in their lives as
supply chain disruptions continue to spur high
inflation.
'For the first time, this generation is going to go into a store and not be able to get what they want,' BlackRock co-founder Rob Kapito said.
'And we have a very entitled generation that has never had to sacrifice,' added the 65-year-old Kapito, who has an estimated
net worth of more than $400 million and made $24.6 million in total compensation in 2020.
The economists estimate that inflation will cost an extra $5,200 for households this year.
'For the first time, this generation is going to go into a store and not be able to get what they want,' BlackRock co-founder Rob Kapito said at an energy conference in Austin, Texas on Tuesday.
www.dailymail.co.uk
Comment:
Actually, this generation of Americans have suffered and sacrificed many times because of Left Wing policies.
Americans suffered from Clinton's social justice mortgage policies that caused the Great Recession.
Americans are suffering right now from Biden's disastrous far left economic policies.
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