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Monday 22 October 2012
Joe the Plumber, We Miss You!

In the grossly unequal United States, our most typical — or median — adult now holds just $38,786 worth of wealth. Half of American adults have more than this $38,786, half have less.

Japan’s most typical adults have a net worth of $141,410. In France, a nation with wealth much more equally distributed than in the United States but not as equally distributed as Japan, that typical adult holds $81,274 in wealth.

In other words, a typical Japanese household today sports more than triple the wealth of a typical U.S. household, and typical French households have twice as much wealth as their American counterparts.

Average Japanese and average French don’t work any harder than average people in the United States. They just live in societies that do a much better job of sharing the wealth that work creates.

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    This is a nice piece that refers to a discussion that 6myth, fauxpolitics, and I were having a couple of weeks ago. To...
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