Tuesday, September 24, 2019

THE WAR ON BIG TECH: EVERYTHING IS ABOUT TO CHANGE

Lately, my business has brought about a situation wherein I am working with a lot of people who have been made wealthy sheerly through the fact that they own homes in the greater Silicon Valley area. One guy, who was tremendously unsophisticated, had a typical 1950's era 1300 square foot home in a very average neighborhood, which was worth $3 million.

THREE MILLION DOLLARS.

He was in his late 50's, and he was working as a Construction guy. Not a contractor. A construction guy.

His idea was he was going to sell his home and bank the cash. He had no idea of the tax ramifications of such a move. Any attempt to tell him only led to confusion and anger on his part.

And that was me leaving out my larger opinion - which I would not share with my clients in Silicon Valley;

YOU BETTER MOVE FAST, BECAUSE WITHIN THE NEXT TWO OR THREE YEARS, ALL THIS "WEALTH" IS GOING TO DISAPPEAR IN A FLAME OF REVOLUTION!

I have become convinced that the next few years we will see an anti-tech monopoly revolution which will level the biggest names on the internet.

Their wealth will disappear almost overnight.

I don't think these events will require violence. I think people are just fed up.

I do worry that unnecessary violence might ensue in the aftermath, however.

I hope not.

No comments: