Completely incorrect. Although i will admit that the rich get "better" educations due to the ability to go to private schools and get the best teachers, the idea that "inner city" kids don't have a chance is a bit over the top.
The bottom line is people are *fucking lazy*. I didn't use to believe this. I thought inner city black people were kept down by the "man". Then, I got a job and started paying taxes and realized my taxes were going to pay for people to live in free housing, have several children out of wedlock, commit crimes, get free health care, and basically perpetuate a life of non-productivity. For every "undereducated" inner city black person, I will show you two successful, hard-working, tax-paying immigrants from Asia.
Everything else you said is spot-on.