from the world's big
Bill Gates May Be a Trillionaire in 25 Years
Bill Gates may be the world's first trillionaire in 25 years. That's according to a projection by Oxfam, using an 11% rate of return that has been typical in recent years for the world's wealthiest individuals.
In 25 years, Bill Gates may become the world's first trillionaire.
That's according to Oxfam's recent briefing paper, which calculated the 61-year-old Microsoft co-founder's wealth into the future with an 11% rate of return. From 2009 through 2016, the wealth of the world's billionaires (793) increased from 2.4 trillion to 5 trillion--an 11% return.
According to the latest estimate by Forbes, Bill Gates has a net worth of nearly 85 billion dollars. This is despite the fact that Bill Gates, along with his wife Melinda, have already donated upwards of 28 billion. If Gates' wealth accumulates at the same rate of return as recent years, he will cross the 1,000,000,000,000 by his 86th birthday.
Not bad for a college dropout.
But is it good for the rest of us?
As Oxfam argues in the briefing paper, the massive concentration of wealth at the very top of society may run counter to our ideas of meritocracy--where people advance upwards based on their individual ability and hard work. The analysis by Oxfam found that inheritance provides for one-third of the wealth for the world's billionaires.
While Gates is respected for being a tireless philanthropist working to solve major global issues afflicting the poor, the continued rapid accumulation of his wealth showcases the gulf between owning capital and working for a straight wage. There has been a dramatic shift over the last 30 years in the concentration of global wealth; Oxfam argues that it is the divide between the wealthy shareholder and the average worker that is leading to the growing disparity. Shareholders have a desire to maximize profits, which oftentimes is related to reducing labor cost.
"Maximizing profits disproportionately boosts the incomes of the already rich while putting unnecessary pressure on workers, farmers, consumers, suppliers, communities and the environment."
Why Don't We Eat the Rich?
Despite riding a populist anti-Wall Street wave into the White House, the incoming cabinet for President Trump will have a wealth of at least 5 billion. This is 80% higher than President Obama's cabinet and runs counter to many of the perceived sentiments of the middle class.
If there is such frustration about the wealth gap and the advantages received by billionaires, why does society continue to elevate the uber-wealthy?
We may have an implicit bias towards the rich.
In 2015, the researchers Suzanne Horwitz and John Dovidio studied the disparity between our explicit and implicit bias towards the rich. In their research, The rich--love them or hate them? Divergent implicit and explicit attitudes toward the wealthy, they found a divergence between our explicit opinions of the wealthy and our implicit bias to favor them over the middle class. Although participants expressed more positive attitudes towards the middle class, they showed favoritism towards the rich within various scenarios such as a car accident.
Bill Gates and Regis Philbin, perhaps planning the future spin-off of "Who Wants to Be a Trillionaire?"
As Ruchir Sharma discusses in this Big Think video (below), we may also like or dislike a billionaire based on where their wealth derives from. In addition, their charitable activity may influence a positive impression. Bill Gates, alongside Melinda Gates and Warren Buffett, created The Giving Pledge in 2010. The Giving Pledge is "a commitment by the world's wealthiest individuals and families to dedicate the majority of their wealth to philanthropy."
Time will tell if he gives away enough money to stop from becoming the world's first trillionaire.
Innovation in manufacturing has crawled since the 1950s. That's about to speed up.
Here's why you might eat greenhouse gases in the future.
- The company's protein powder, "Solein," is similar in form and taste to wheat flour.
- Based on a concept developed by NASA, the product has wide potential as a carbon-neutral source of protein.
- The man-made "meat" industry just got even more interesting.
Seriously sustainable<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTk0MDIzNS9vcmlnaW4ucG5nIiwiZXhwaXJlc19hdCI6MTYyMjM4NTMzMX0.BCEfYnn6C3z1zUHIS38xOWjXktgamNBi5iyqklSMYK8/img.png?width=980" id="ea524" class="rm-shortcode" data-rm-shortcode-id="50533380eeb18eb5833b6b6aa3abec38" data-rm-shortcode-name="rebelmouse-image" />
Image source: Solar Foods<p>Solar Foods makes Solein by extracting CO₂ from air using <a href="https://www.fastcompany.com/90356326/we-have-the-tech-to-suck-co2-from-the-air-but-can-it-suck-enough-to-make-a-difference" target="_blank">carbon-capture technology</a>, and then combines it with water, nutrients and vitamins, using 100 percent renewable solar energy from partner <a href="https://www.fortum.com" target="_blank">Fortum</a> to promote a natural fermentation process similar to the one that produces yeast and lactic acid bacteria.</p><p>When the company claims its single-celled protein is "free from agricultural limitations," they're not kidding. Being produced indoors means Solar Foods is not dependent on arable land, water (i.e., rain), or favorable weather.</p><p>The company is already working with the European Space Agency to develop foods for off-planet production and consumption. (The idea for Solein actually began at NASA.) They also see potential in bringing protein production to areas whose climate or ground conditions make conventional agriculture impossible.</p><p>And let's not forget all those <a href="https://www.bk.com/menu-item/impossible-whopper" target="_blank">beef-free burgers</a> based on pea and soy proteins currently gaining popularity. The environmental challenge of scaling up the supply of those plants to meet their high demand may provide an opening for the completely renewable Solein — the company could provide companies that produce animal-free "meats," such as <a href="https://www.beyondmeat.com/products/" target="_blank">Beyond Meat</a> and <a href="https://impossiblefoods.com" target="_blank">Impossible Foods</a>, a way to further reduce their environmental impact.</p>
The larger promise<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTk0MDI0MS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY1NjU4MTg2OX0.7dZZYT5WEV_EupBuLVFwHynarTiz8RYR9aJtC6Ts2C4/img.jpg?width=980" id="3415d" class="rm-shortcode" data-rm-shortcode-id="2e6eebe06d795f844752f9e9d30040d7" data-rm-shortcode-name="rebelmouse-image" />
Image source: Solar Foods<p>The impact of the beef — and for that matter, poultry, pork, and fish — industries on our planet is widely recognized as one of the main drivers behind climate change, pollution, habitat loss, and antibiotic-resistant illness. From the cutting down of rainforests for cattle-grazing land, to runoff from factory farming of livestock and plants, to the disruption of the marine food chain, to the overuse of antibiotics in food animals, it's been disastrous.</p><p>The advent of a promising source of protein derived from two of the most renewable things we have, CO₂ and sunlight, <a href="https://solarfoods.fi/environmental-impact/" target="_blank">gets us out of the planet-destruction business</a> at the same time as it offers the promise of a stable, long-term solution to one of the world's most fundamental nutritional needs.</p>
Solar Foods' timetable<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8xOTk0MTEzMS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTU5OTU1OTMwMn0.wnXh56iO_77x2XKV2uIPf78BKw4AJLUpmiyq_JBVGvo/img.jpg?width=1245&coordinates=172%2C146%2C62%2C135&height=700" id="0297c" class="rm-shortcode" data-rm-shortcode-id="125c9a98ec818f5c241fa28ef1423e67" data-rm-shortcode-name="rebelmouse-image" />
Image source: Lubsan / Shutterstock / Big Think<p>While company plans are always moderated by unforeseen events — including the availability of sufficient funding — Solar Foods plans a global commercial rollout for Solein in 2021 and to be producing two million meals annually, with a revenue of $800 million to $1.2 billion by 2023. By 2050, they hope to be providing sustenance to 9 billion people as part of a $500 billion protein market.</p><p>The project began in 2018, and this year, they anticipate achieving three things: Launching Solein (check), beginning the approval process certifying its safety as a Novel Food in the EU, and publishing plans for a 1,000-metric ton-per-year factory capable of producing 500 million meals annually.</p>
The protein powder Solein. Image source: SOLAR FOODS
SEAL training is the ultimate test of both mental and physical strength.
- The fact that U.S. Navy SEALs endure very rigorous training before entering the field is common knowledge, but just what happens at those facilities is less often discussed. In this video, former SEALs Brent Gleeson, David Goggins, and Eric Greitens (as well as authors Jesse Itzler and Jamie Wheal) talk about how the 18-month program is designed to build elite, disciplined operatives with immense mental toughness and resilience.
- Wheal dives into the cutting-edge technology and science that the navy uses to prepare these individuals. Itzler shares his experience meeting and briefly living with Goggins (who was also an Army Ranger) and the things he learned about pushing past perceived limits.
- Goggins dives into why you should leave your comfort zone, introduces the 40 percent rule, and explains why the biggest battle we all face is the one in our own minds. "Usually whatever's in front of you isn't as big as you make it out to be," says the SEAL turned motivational speaker. "We start to make these very small things enormous because we allow our minds to take control and go away from us. We have to regain control of our mind."
Pandemic-inspired housing innovation will collide with techno-acceleration.