Friday, October 4, 2019

Techies

The wealth gap in the United States and throughout the world is widening and there are a number of reasons for this least of which is tax policy. On the lower end of the ladder are the sports stars, rappers, and CEO's but at the top are the tech giants. There are dozens of young people almost exclusively men who have become billionaires almost overnight. This is most obvious in California where these young techies are worth trillions and just last year 11 new tech billionaires joined the club. Right behind this group are the hedge fund managers. The number of jobs created by these super rich is a leading cause for economic growth. The techies do it with innovation and the hedge funds provide the start up money. There are millions working in jobs that did not exist 25 years ago. If each generation could have a Steve Jobs and a Bill Gates the country would thrive.

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