Jenna Segal’s Post

Well worth watching: there are two large patterns of wealth transfer in the US: ❖ Generational wealth transfer from young to older Americans ❖ Wealth transfer from the poor & middle class to the wealthiest Americans #inequality #economics #taxpolicy

Great interview from Scott Galloway, furthermore economical impact of that generation (with a lower purchasing power) is trickiling down to most industries. This will push all marketers to be even more agile and maybe a change of target market according to price point of service or good sold… Ever changing world!

The real conversation that we should be holding today and not just on tv but also inside of offices. It's been awhile since Clubhouse days where some really interesting and knowledge sharing rooms used to happen and this needs to be done in reality and not just on social-media platforms but also throughout the journey of a human-being. Everyone of us should be equally equipped to understand what is important and how it affects one's life and help in making meaningful decisions throughout the day. We need a streamline of accessible knowledge database that authenticates the foundational learning for everyone and is right Infront of your eyes. It's been high time since, there is too much noise on social-media platforms and anyone can get lost in it without proper guidance. #AlegbraofHappiness #Linkedn #LinkedinLearning #personaldevelopment #culturebuilding #organisationaldevelopment #CSR

In part of interview Scott Galloway sums up the malais of tech’s impact... Scott calls out those who preach that 🇺🇸 is "progressing" & her communities from NY🗽to LA 🎬 are all thriving, enjoying a fair income & wealth distribution; as disingenuous, in denial & delusional... As the #UHNWIs turn into Uber High Net Worth Individuals 🚀...we need a "Societal Pit Stop" before its too late ⏰…not only in US but also in UK 🇬🇧, EU 🇪🇺 & beyond... We must ask some hard & honest Qs...what has this unabated rush for tech, wealth aggregation & power concentration in hands of a few done to our societies ? Where are the dividends of Safety, Sanity, Spirituality in Communities? There's more Stress, Separation, Substantial Systemic Risks, as we Sacrifice "Sustainability" at altar of chips with nano-second faster processing power promising to bring us "nirvana" by #AI, #LLM, #AGI... Are these servers only serving a micro-segment of society, supporting them to widen their macro-profiteering arbitrage positions? Welcome to era of Techno-Feudalism 🪝 Meanwhile we all take turns in their choirs of pity for Climate+Environment , yet numb/blind to what we are doing to Mother 🌍(one has to only check the energy consumption of #datacentres & rush for seabed mining for rare earths or Artemis Accords 🌘)... Sadly we continue to feed the servers, the very sources of our separation, we remain on our screens📱...& allow digital thermite to eat the fabric of our societies, we look ever more like a quilt with thin seams & threads that can be ripped apart... All of which comes at the heavy expense of #MentalHealth of the youth & #NextGen...Just look at consumption of Antidepressants in 🇺🇸 as Scott highlights... MDE : Major Depressive Episodes are shooting to the roof... On a very low est. 17M in US 🇺🇸 are clinically depressed...that is equal to 2 x the entire population of #Austria 🇦🇹 or 21 x population of #Bhutan 🇧🇹 one of the happiest societies on planet 🙏🏼 ! In my view 🇺🇸's in danger of a "Tech Overdose"...hooked on finding "the next high" @ any cost by tech only, overlooking the fact that human beings remain to be living souls, driven by sentiments, that can thrive as members of sane societies not signals on servers ... We need to realise that its not all about #speed but also #storytelling, not all about #machine but also #mentoring, not all about computing but also care , not all about #powerprojection abroad but #peace within, individually & collectively at home... Yet we continue to trade #Values & #Relevance for #VirtualReality...that is a bad deal by any standards... The Plutocrats in Public & Pvt. Office today resemble the Picture of Dorian Gray....The Next Gen sees & senses this... Can we change course before they decide to break the mirror🪞?! #Community The Human Edge #MentoringMatters #Spirituality #Storytelling #SocialJustice #MentalHealth #CommunityBuilding António Guterres Jeffrey Sachs Dr. Susie A. Gabor Maté

I think this is an important conversation. A little off the beaten path for me as a product manager and AI professional but I really care about personal finance and economics. Financial literacy and upward mobility are important to me. It’s a problem worth solving. In fact, society is crumbling a bit from some of the issues outlined in this conversation from Scott Galloway. I am preparing to teach some lessons on financial stewardship and I am really trying to make sure the message doesn’t fall flat with a group of young people who are exasperated with the fact that wages are worse and costs are more than ever so there is not a way to ladder up from low to middle or middle to high socioeconomic class. There is in fact a wealth accumulation magnet in our system that is benefiting older and already rich asset holders. Would love to hear your thoughts! What would you tell a 24 year old right now about how to overcome the economic context they live in and level up in any way shape or form? 💭

This short video summarizes the terrifying cliff that we find ourselves at. The disenfranchisement of an entire generation and the dangerous consequences that we all face when wealth distribution reflects irrational greed.

I am (and always have been) an espouser and admirer of American values of free enterprise, ingenuity, innovation, liberal democracy, freedom of speech and most importantly, meritocracy. To be clear, these values are not uniquely American. However, for generations, America offered the best ecosystem to live these values and thrive. If you were entrepreneurial, industrious, highly-educated and / or highly-skilled, America was the best transmission mechanism for social mobility in the world. In other words, America was the closest approximation to what is the definition of meritocracy. By many metrics, however, America's credentials as a meritocracy are challenged today. Prof. Scott Galloway eloquently lays out the challenges that plague American society in the current environment. As a realistic optimist, I believe all of these challenges are surmountable. But to resolve these challenges, American society will need to take these challenges head on with the timeless values that made American exceptionalism a reality. In my humble view, those values that will help America reset to a better place are: unity, honesty, industry, courage, fairness and generosity. The real question is: Will American society embrace these supposedly "outdated" values at a sufficient scale to make a difference? It is a widely-held notion that "money makes the world go around." I'd argue it all starts and ends with values. Show me a society that has its value system intact and I will show you a society that is stable, balanced and prosperous. #values

Regarding the discussion of the new proposed changes to Canada's tax: Listen to this clip from the brilliant Scott Galloway

This is both cryptically accurate and incredibly frightening.

The system is rigged. Watch this video to understand why and how. Scott Galloway presents the case eloquently with examples and solutions. The most important takeaways: 1. Why the Wealth Gap exists and why it is growing exponentially. 2. The importance of Financial Literacy 3. This is not only about the US, it is about all modern economies. Here in Switzerland too where there is no tax on capital gains and many wanting to buy houses must look to their parents for down payments.