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this post was submitted on 28 Jul 2024
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A quick search shows that $5.8 million is the threshold to be in the top 1% net worth in the US.
You are comparing apples and oranges on purpose by comparing US lawmakers, making laws for the USA, against the world top 1% metric.
Except no. US laws often have global significance. Like wars and resource grabs and stuff. So we should absolutely be using the world as a standard.
The problem there is he said worldwide, not in the US. The searches I'm doing for amount of wealth needed to be in the top 1% worldwide does seem to be around a million dollars. And I mean since a lot of what the US does affects the rest of the world through US companies and the influence the US has you can definitely argue we are led by the 1% who are enacting laws to benefit themselves and the people in their class.