The fighting about income inequality

The fighting about income inequality

How much money do congress members make?

 $174,000 a year

How much money do waiting staff make?

$17,400 a year

What do you need to thrive?

What do you need to thrive?

Brains and self-discipline to master tomorrow’s technology

What is the best way to survive?

What is the best way to survive?

The best way to survive is to have a risk-taking attitude, and to be very tolerant of failure.

The best way to survive is to think you're going to win.

Why are commodity prices rising?

Why are commodity prices rising?

Because the Fed Keeps Printing $85 Billion per Month

Because the world is running out of food

Because campaign contributions come so much from the vested interests, the financial world, but more particularly the energy world.

Knowing versus Making

Knowing versus Making

During the 20th century making things was most important than knowing things.

In the 21st century knowing things is most important than making things.

In a highly competitive society the payoff of a service is greater than the payoff of a product.

Knowing leverages making. 

How the top earners break down

How the top earners break down

 Top 1%: incomes above $394,000 in 2012; Top 5%: incomes between $161,000 and $394,000; Top 10%: incomes between $114,000 and $161,000.

 Last year, the richest 10% received more than half of all income — 50.5%, or the largest share since such record-keeping began in 1917.

Why the overall savings rate today is 5.4%?

Why the overall savings rate today is 5.4%, the average since 1960 is 8.4% and it was 9.3% in the early 1980s?

Because the Federal Reserve is buying   85 billion dollars in bonds every month, the perfect tool for rising inequality.