![Chapter 19 [Long-term interest rate returns in the U.S. market] Chapter 19 [Long-term interest rate returns in the U.S. market]](/_next/image?url=%2Fimages%2Fblog%2Fjames-history-and-today%2Fen%2Fjames-history-and-today-0025-cover.png&w=3840&q=75)
The long-term annual return rate of the U.S. market from 1940 to the present is 10%. In the past 80 years, the United States has experienced the agricultural era, the light industry era, the engine era, the transistor era, the computer era, and the Internet era. Each era here has experienced 10 to 20 years. Although the entire technological evolution is linear, it has created a long-term annual return rate of 10% for the entire United States. Starting in 2020, the United States has entered an era of technological explosion. Artificial intelligence

![Chapter 18 [Why we only recommend investing in US index funds] Chapter 18 [Why we only recommend investing in US index funds]](/_next/image?url=%2Fimages%2Fblog%2Fjames-history-and-today%2Fen%2Fjames-history-and-today-0024-cover.png&w=3840&q=75)
I remember when I was designing products at the Multimedia Laboratory in the United States, I knew very well that American innovation was number one in the world. When we were thinking about a product in the United States, we were definitely not thinking about how to copy other people's products, but starting from scratch based on human needs, starting from thinking about consumer needs, then entering into the design structure, and finally completing the product. Therefore, in the United States, most of the original technology was started from scratch, and the same innovative technology was transferred back to Taiwan. Taiwan's new technology products are a little bit different.

![Chapter 17 [The gap between rich and poor is determined not by funds but by assets] Part 2 of 3 - How a country can address capitalism's wealth gap Chapter 17 [The gap between rich and poor is determined not by funds but by assets] Part 2 of 3 - How a country can address capitalism's wealth gap](/_next/image?url=%2Fimages%2Fblog%2Fjames-history-and-today%2Fen%2Fjames-history-and-today-0023-cover.png&w=3840&q=75)
In capitalism, cash does not increase value. Only assets can increase value. Capitalists own assets and workers own cash. The government's thinking is only based on cash, which cannot solve the gap between rich and poor. Therefore, the income tax deducted by the government means that you pay taxes on your income, but capitalists usually have no jobs and no income, so they do not need to pay taxes. The assets of capitalists have caused poverty due to the government's wrong monetary policy, or a necessary evil monetary policy.

![Chapter 17 [The gap between rich and poor is determined not by funds but by assets] Part 1 of 3 - How tenant farmers become landlords and workers become capitalists Chapter 17 [The gap between rich and poor is determined not by funds but by assets] Part 1 of 3 - How tenant farmers become landlords and workers become capitalists](/_next/image?url=%2Fimages%2Fblog%2Fjames-history-and-today%2Fen%2Fjames-history-and-today-0022-cover.png&w=3840&q=75)
How sharecroppers become landlords and workers become capitalists: When ordinary workers work hard and earn a meager salary, they cannot make people rich. Funds are currencies issued by the state. Every country is issuing more banknotes. If you keep them, they will become less and less valuable (you have to work to obtain banknotes, and the US sovereignty can print money at will. Isn't there a problem if you still hold the US dollars?). Therefore, ordinary workers only know how to store the funds earned through labor in bank fixed deposits, insurance, and annuities. The result is that they are deprived twice by finance.

![Chapter 16 [Interview with Teacher Meixiang: Dialogue with Money] Part 6 of 6: The relationship between work income and wealth! Chapter 16 [Interview with Teacher Meixiang: Dialogue with Money] Part 6 of 6: The relationship between work income and wealth!](/_next/image?url=%2Fimages%2Fblog%2Fjames-history-and-today%2Fen%2Fjames-history-and-today-0021-cover.png&w=3840&q=75)
"Interview with Teacher Meixiang: Dialogue with Money" Part 6 of 6 (03/07/2023) The relationship between work income and wealth. My daughter studies art. When she first wanted to study art, people around her told her that if you study art, you will starve to death. But I have always supported my daughter in doing what she loves. I once said to my daughter, as long as you study a job that interests you and do something that you are very interested in, you will succeed. Making money is easy, wealth and money are not obtained from work. Studying is building

![Chapter 16 [Interview with Teacher Meixiang: Dialogue with Money] Part 5 of 6: How to become rich when you have nothing! Chapter 16 [Interview with Teacher Meixiang: Dialogue with Money] Part 5 of 6: How to become rich when you have nothing!](/_next/image?url=%2Fimages%2Fblog%2Fjames-history-and-today%2Fen%2Fjames-history-and-today-0020-cover.png&w=3840&q=75)
"Exclusive Interview with Teacher Mei Xiang: Dialogue with Money" 6-5 (03/02/2023) How to be rich when you have nothing! I have also thought about how I can earn another 100 million or more when I have nothing now, and then earn back my wealth. First of all, you must find a job. No matter how much your income is, as long as you have income, you must be able to save money every month. This is the starting point for getting rich from poverty. After accumulating capital, you can earn more. It’s simpler now than it used to be, there’s a lot of sharing now
