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petersuber
@petersuber@fediscience.org  ·  activity timestamp 3 days ago

"Musk Plans to Spend at Least $100 Million to Help Republicans in the Midterms."
https://www.nytimes.com/2026/07/30/us/politics/elon-musk-midterms-republicans.html

PS: Assume Musk's net worth is 1 trillion. $100 million is 0.01% of 1 trillion.

The net worth of the average American is $1,063,700, and the net worth of the median American $192,900. (These numbers are from the Federal Reserve's 2022 Survey of Consumer Finances.)
https://www.federalreserve.gov/econres/scfindex.htm

For the average American, 0.01% of their net worth is $106. For the median American, it's $19.

A lot of us spend more than 0.01% of our net worth on candidates in critical elections. The difference is that Musk has 940,115x the net worth of the average American and 5,184,033x the net worth of the median American.

#Inequality #Musk #USPol #USPolitics

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