Sunday, February 23, 2025

Wealth

 

Too Close for Comfort

Be firm, be fair
Be sure, beware
Behave, be there
Be wise, be smart, behave my heart
Don't upset that cat when she's so close

How fair is the distribution of wealth?

1) Brunei; 2) Bahamas; 3) United States; 4) Bahrain; 5) United Arab Emirates; 6) Brazil; 7) Ukraine; 8) Russia; 9) Philippines; 10) Lesotho   This is the list of the top 10 unweighted wealthiest countries per capita in the world in 2021.  This tells you the company that the United States keeps, but it is not weighted by the wealth of the country. Number 1 with a bullet is the United States, which has a weighted ratio of mean per capita wealth to median wealth, weighted by the share of the world’s wealth, of 2.3 while the closest country is China with 0.75. The third place country is Germany with a weighted value of 0.25.  The median per capita wealth in the world is $60 thousand but the mean wealth per capita is $144.9 trillion.  Should we say inequitable distribution of wealth or, it ain't fair.

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