07 July 2025

Finally Giving Those Beleaguered Billionaires a Little Power

In the US, there are 735 billionaires and 535 federal legislators – about 200 more billionaires than lawmakers.

* Legislators earn roughly 2x the median household income.
* Billionaires hold about 50,000x the median household net worth.

Apparently, Americans have decided that the best way to check the power of elected representatives is to give billionaires even more political power.
It’s a curious experiment.

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