RT Bernie Madoff (@incognitoison)This is actually a good read.I love the part that says most people will end up being consumers. Because of Ai slop. And also to add the gap between the rich and the poor won’t be about the rich using the poor but it will be about who has the most discipline got work and not be carried away by Ai content ...

A new savings vehicle, dubbed “Trump accounts,” is designed to help the rising generation of American children build wealth into adulthood. Under the multitrillion-dollar tax and spending bill signed by President Donald Trump in July, the federal government will contribute $1,000 to accounts set up for every American baby born in the next few years. The initiative got a boost on Dec. 2 when billionaires Michael and Susan Dell announced a $6.25 billion gift to seed accounts for millions of older children as ...

Zohran Mamdani won NYC’s mayoral contest by campaigning against wealth inequality.On this episode of the Big Take podcast, @sarahsholder and @FolaAk unpack his plan to win over the 1% https://t.co/Lwt1aXgDv6 https://t.co/OtqGeKBFx6 ...

Zohran Mamdani won NYC’s mayoral contest by campaigning against wealth inequality.On this episode of the Big Take podcast, @sarahsholder and @FolaAk unpack his plan to win over the 1% https://t.co/Lwt1aXgDv6 https://t.co/jHq91ie1x1 ...

Zohran Mamdani won NYC’s mayoral contest by campaigning against wealth inequality. On today’s Big Take podcast, @sarahsholder @folaak and @FlitterOnFraud unpack his plan to win over the 1%. https://t.co/KtpFmZylgG ...

RT gainzy (@gainzy222)been watching the timeline cope for monthshe’s getting elected kiddosrich people are like “wtf dont u know this will ruin all of us”poor people are like “lmao yea but it’ll ruin u more” ...

Core Insights - Wealth inequality in the U.S. has significantly increased, with the top 1% now holding 31% of the nation's net worth, up from 22.8% in 1989, while the bottom 50% saw their share decrease from 3.5% to 2.5% [1][2][3] - The national debt has reached $37.92 trillion, resulting in a debt-to-GDP ratio of 125%, an increase from 100% a decade ago, raising concerns about future economic stability [1][2][3] Economic and Social Concerns - Ray Dalio warns that the combination of poor government finances and widening wealth gaps are indicators that could lead to civil unrest or revolution, drawing parallels from historical civil wars [2][3] - Dalio describes the current state of the U.S. as being in multiple "wars," including financial, technological, geopolitical, and military conflicts, indicating a complex and potentially volatile environment [3] Investment Strategies - Dalio emphasizes the importance of diversification in investment portfolios, particularly advocating for gold as a key asset during turbulent times, suggesting that 15% of a portfolio should be allocated to gold [6][7] - Gold has surged over 50% in value over the past year, reinforcing its status as a safe haven asset during economic uncertainty [7] Real Estate Investment - Warren Buffett advises against holding cash during wartime, recommending investments in real assets like farms and apartment buildings, which can provide returns and hedge against inflation [9][10] - Crowdfunding platforms like Arrived allow smaller investors to access real estate markets with minimal capital, making real estate investment more accessible [11][12] Alternative Investment Options - Homeshares offers accredited investors access to the U.S. home equity market, providing a low-maintenance investment vehicle with target returns of 14% to 17% [13][14] - Art investment is becoming more accessible through platforms like Masterworks, which allows investors to buy shares in high-value artworks, with historical returns of 17.6% to 21.5% [16][17][18]

Policy & Economy - Discussed bitcoin, interest rates, geopolitics, power production, immigration, home affordability, and wealth inequality with Congressman Jim Himes [1]

Mandatory financial education in American schools would have a profound impact on closing the wealth inequality gap. ...