The Wealth of Generations

Capitalism is a powerful tool, created by and made for humans. The main ingredients are  Morals , Mind , and Money .  If only one ingredient is missing or compromised, we will end up in an unjust world, anarchy, a dictatorship, or a la-la-land sozzled by idiocracy. Only a fair and educated society can enable the well-being of generations to come. To continue to make money in a fair society, we need sound morals and the knowledge to create the right things for the proper causes.  So, morals and a free mind make up the engine of capitalism and will ultimately also lead to wealth in the form of money. Hence, we convert our efforts, our love, and our passion to money by applying our morals and minds.  Capitalism might be the only economic and political system we will ever have to create lasting wealth. Capitalism enables societies to advance and prosper while enjoying a high degree of equality and freedom due to the right of every citizen to capital ownership. These characteristics explain

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 provide value to the consumers. One way to measu

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 whether this

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, how you want it to look, an

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. Th