Software, robots, and other modern investments all depreciate in price as fast as the iPod. Technology doesn't hold value like it used to, so it's misleading to believe that investments in capital now will give rich folks a long-term advantage.
Wait, what?
When people talk about investing in technology, they mean investing in companies, which does have an enormous return on investment that is not available if you don't have money to begin with, the article sounds like it's talking about just buying a phone as an investment, which is obviously a shit investment.
Those are two totally different things, it sounds like his hypothesis is based on the wrong idea.
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http://ift.tt/eA8V8J A 26-year-old MIT graduate is turning heads over his theory that income inequality is actually about housing via top scoring links : news http://ift.tt/1MlCisA
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