About the book
Robert Kiyosaki, building on the ideas of Rich Dad Poor Dad, blames the educational system for the gap separating the rich from everyone else. He argues that savers lose, that debt and taxes work in favor of the rich, and that traditional schooling leaves many highly educated people, including the man he calls his poor dad, living poorly. Kiyosaki takes aim at the standard advice to go to school, work hard, save, buy a house, clear debt and hold stocks for the long term, calling it the worst financial advice for most people. He also explains why schools may never offer real financial education, and recounts his lifelong search for an answer to when people will learn about money.
Trainer and author Jack H. M. Wong called it his favorite book, describing it as an advanced follow-up to Rich Dad Poor Dad that explains in more detail how the tax system helps the rich.
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This book has 1 recommendation
Jack H. M. Wong (Trainer & Author)
The reason why this is my favorite book is that it is an advanced version of Rich Dad Poor Dad which explains in further details how the rich are getting richer by understanding the tax system and real financial education. [...] When I chanced upon "Why the Rich Are Getting Richer", I finally understand why I have been running my own tax consulting practice for such a long time. The global tax system is set up to benefit the rich people because they are the ones who contribute to the growth of the economy by putting investments into the economy as well as creating job opportunities.
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