The gap between rich and poor is the widest it’s ever been.

This is often seen as evidence of various systemic problems.

Yet we have more rags-to-riches stories than have ever existed.

Founding the right company can make you incredibly wealthy.

What if, per Naval, we’re living in the time with the most leverage available?

And the rich/poor divide is a symptom of the gap between those who use leverage and those who don’t?

The leveragers get even more efficient and pull further ahead, while the non-leveragers stay in place (or get less efficient, as the complexity of the world increases).

If true, AI is only going to make this 10x worse.

If true, “tax/eat the rich” only adds friction to leveragers who will figure out how to overcome it.

The solution is “teach the poor how to leverage”.