It's not just government redistribution giving Millennials a boost. By the time they hit their mid 30s, their market income was well ahead of Gen X or the Boomers (and yes, this is adjusted for the cost of living). They had caught up in wealth, too.
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The world's great museums are full of art and artifacts that were plundered during an era when plunder was the norm. Now there's a push to return these works to their rightful owners. Sounds simple, right? It's not.
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I think the greatest innovation in history isn't vaccines or the iPhone. I think it's the American middle class. And only 40% of men throughout history, I understand, have reproduced and 80% of women.
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The economic system that we all inhabit is basically a way of turning energy and ideas into goods and services. And if you think about what's possible when both of those inputs are effectively infinite, I think the world totally changes.
Sam Altman — Invest Like the Best with Patrick O'Shaughnessy