Interesting that most of the great new wealth of the past three decades is concentrated in the San Francisco and peninsula area.
Since nearly all of these nuevo riche made their money in tech they are doing something not surprising.
The new techie wealth is investing in new technology. Investing in start-ups and start-up funds. Billions of this new money is going into technical innovation. Much of it the area where they live.
That means the new wealth is feeding back into new products, new technology, new pharmacology and the innovative future of America.
This is not a unique situation. New money in the 1890’s, Rockefeller, Carnegie, Gould, Vanderbilt and Mellon went into new industries that gave us electricity, phones, radio, autos, airplanes and the innovative explosion at the beginning of the 20th Century.
The great Texas oil money, Mecom, Murchison and Hunt went into more oil and the technology that is still the pride of the world.
This new 21st Century tech money is going right back into technology and a bountiful future.
Don’t let the envious Marxists and other Lefties put a damper on everyone’s future health and bountiful lives.