The Wealth of Generations

Written by Ingemar Anderson with the help of  GPT-3, an  artificial intelligence model. What is a Balance Sheet? A balance sheet is a snapshot of the financial condition of a company at a given point in time. It shows the company's assets, liabilities, and equity at that time. It is called a balance sheet because it is supposed to balance. An example of a balance sheet is shown below: Assets:  Cash,  Accounts Receivable,  Inventory,  Property, Plant, and Equipment Liabilities:  Accounts Payable,  Long-term Debt,  Short-term Debt Equity:  Common stock,  Retained Earnings,  Treasury Stock The balance sheet shows the company's assets, liabilities, and equity. The total of these three things is equal to the company's total assets. The total of all liabilities and equity is equal to the company's total assets. Why is it important to create a balance sheet? In the business world, companies are often created to make a profit and provi...

Written by Ingemar Anderson with the help of  GPT-3, an  artificial intelligence model. Technology has always helped to make the lives of the working class easier. This is a good thing because the working classes are working for the upper classes.  However, now that technology has advanced so far, the working classes might be taken over by it. This is a bad thing because the lower classes will end up having nothing. The working class might never evolve to become capitalists because, today, they are not granted the same opportunities as those with money, those who learned how to create and manage capital. Capitalism can create inequality and those with money are not always willing to share it with those without, which is why they will eventually be replaced by AI. So, the working class might not evolve to become capitalists because they could be replaced by AI. In Thomas Piketty's book, "Capital in the Twenty-First Century" he discusses if the working class might be replac...

Written by Ingemar Anderson with the help of  GPT-3, an  artificial intelligence model. The growth rate of capital versus the increase of salary and wages over time is a topic, which is of great interest to many economists and sociologists.  The interest in this topic has been increasing as of late due to the past economic recessions. The share of income received by the top 1% of US households has grown from 10% in 1979 to 22% in 2007. The share of income received by the bottom 90% of US households has decreased from 60% in 1979 to 46% in 2007. One of the major factors which have contributed to this is the decreasing share of GDP which goes to labor. In 1973, labor received 61% of GDP, while in 2007 it received only 54%. The gap between workers and their bosses has been increasing. Labor has been getting less and less of the pie of the money that is generated and the share of GDP that is going to labor has been declining. One of the major questions that are being asked is...

Written by Ingemar Anderson with the help of  GPT-3, an  artificial intelligence model. There are many reasons people are poor. Some people are poor because of their circumstances. They may come from a broken home or may have parents who are not financially able to care for them. Some people may be poor because of their own choices. They may have made bad choices in the past, such as going on a spending spree. Here are the top 10 reasons we identified. -Lack of education- -Lack of skills- -Low-level jobs- -Low wages- -Bad luck- -Lack of knowledge- -Lack of money- -Lack of motivation- -Lack of resources- -Lack of opportunity- -Lack of supervision or guidance

Written by Ingemar Anderson with the help of  GPT-3, an  artificial intelligence model. The process of becoming a capitalist is actually not as complicated as it may seem.  First, one must save a specific amount of money which will be the capital for the individual.  The next step would be to find a good opportunity to invest in. Typically, this includes buying stocks, stocks of a company, bonds, or commercial property.  The final step to becoming a capitalist is to wait for the investment to pay off by creating regular income and increases in value. Investments can be in five asset classes: securities, the money market, commodities, real estate, or businesses. Starting a business in 4 steps that can be summarized with the acronym I-D-E-A: Step One (I): Imagine and Innovate. Step Two (E): Develop Step Three (E): Execute Step Four (A): Accelerate  To become a capitalist, you have to have a vision. Imagine what you want your product to be...

Written by Ingemar Anderson with the help of  GPT-3, an  artificial intelligence model. Today, America is experiencing a large and rapid shift towards oligarchy. After the 2008 recession, a large portion of the nation's wealth was transferred from the middle and lower classes to the top through the redistribution of income. This has led to an oligarchy where the wealthy have the most power and control. This has shaped a broken society where the poor are systematically discriminated against, and voting is no longer a major influence in the country. As America has increasingly been dominated by a growing oligarchy, people are becoming more and more concerned. From the Koch brothers to the Walton family, these two families own more wealth than the bottom 40% of Americans combined. The concept of oligarchy in America is rising because of the rapid increase in wealth inequality. The top 1% of Americans who hold 40% of the nation's wealth are incapable of governing democratically. T...

  Written by Ingemar Anderson with the help of  GPT-3, an  artificial intelligence model. Humanity is complex. We are made up of many different emotions, thoughts, feelings, and ideas. Sometimes people may say something to anger you and before they know it, they have pushed you into a time of sadness. The emotions might change in a blink of an eye. Humans vampirically feed off one another's energy through their words. It is hard not to take what somebody says to heart, just like how it is hard for them not to understand how we are feeling in that moment. There is no one way for humanity to be. We are all different from one another. We have the capacity to be understanding as well as understanding. Humans just need to be more mindful of one another to offer each other space to be themselves, no matter what that is. In a time when AI is all the rage, we still need to figure out how to guarantee human rights and freedoms for those without representation. Imagine an AI system...