Publisher's Synopsis
There's many things happening in the 21st century that'll lead to exploding inequality levels. The kind of inequality not seen for centuries.Although technology will mean that poor people will still live a much better quality of life, it will cause many problems within our society. The answer isn't socialism. We'll take a look throughout the history of humanity to see why socialism cannot combat what's about to happen. Not only will socialism not combat what's about to happen, it would never be allowed from the people in power. By the time A.I. gets to the level required, the upper echelons of society won't need to fear a revolt. In the 20th century, the workers were relevant. As a business owner, you needed to keep the workers happy or you'd be in a terrible situation. In the 21st century, due to technological advances, keeping people happy will no longer be necessary. If they don't like it, they'll simply get replaced by a robot. It's here, the major shifts are occurring. You have 2 options. Take advantage of the massive opportunities we have today before it becomes a lot harder, or watch your purchasing power evaporate and end up on Universal Basic Income.In the beginning of the book, I take you back to the stone ages, to understand when inequality started. They were a more equal society than today, because they didn't have ownership of land and property. Land and property is a prerequisite for long term inequality. Due to inheritance, small elites have been able to monopolise wealth for generation after generation. Humans have accepted this and become happy with this. History has shown that equality brings anarchy and inequality keeps peace. Humans need to know who's in charge to cope with life. From my personal experience, I enjoyed inequality, even when I was poor. Even when I was living in extreme poverty, in mountains of debt, I preferred inequality. Why? The richer people get, the more excess resources they have. I knew that all I needed to do is find out a problem that these people have, and solve it. There will always be ways to get rich, despite the economic situation. It will, however, become increasingly difficult throughout the 21st century. Adults of today will struggle to adapt to the fast advances in technology. After looking at the history of equality, I look at the factors attributing to massive inequality today, exploding year by year, primarily in the United States, but also around the world. These include: - Student loans/ skyrocketing education costs- Access to medicine/ skyrocketing health costs- Economic policy- Fiscal policy- Low interest rates- Quantitative easing- Technological advancesAnd the factors that will attribute to unprecedented levels of poverty, very near in the future. These include: - Artificial intelligence. Machine learning algorithms will eventually take the place of many jobs. We could easily see 50% unemployment levels or higher in the next few years. Think about how many people are drivers, chefs, dish washers, cleaners and more! They'll all be replaced by robots. - Biotechnology (engineering humans to be more intelligent, stronger, better looking etc). This will cause real, measurable differences between the rich and poor, making it difficult for normal humans to keep up. - Compounding wealth. The richest 100 people have a higher net worth than the poorest 4 billion. Their wealth will be compounding throughout the 21st century. This wealth will be extracted from the poor and middle class, who pay rent in their properties and who subsidise bank bailouts via taxes and inflation, while they don't pay taxes.After explaining why these changes will occur, you'll understand the importance of taking advantage of the amazing opportunity we have now. It won't be this easy for much longer. I explain a few ways I'm making money and how other people are making money. You'll love the book, the future of equality and learn a lo
