An inconvenient truth

January 20, 2025•87 words

In 2021 the £/$ rate was on average about 0.73, so converting both to dollars:

Median UK net household wealth was more than double that of the US in 2021. I am sure the same is true for several other European countries.

And Elon Musk has $400,000,000,000: more than two million times the median US household wealth.

Oh, and there's a functioning democracy in the UK.

Oops.

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