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If the total amount of money held by Americans was distributed evenly, how much would you get?

What if you got an equal slice of the country's wealth?

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A woman with hundred dollar bills.

The United States has more money held by private citizens than any other country in the world. According to the Federal Reserve, U.S. households hold a total of $160.35 trillion, which is the value of each person’s assets minus their liabilities. However, many Americans are perplexed by the fact that, in a country with such wealth, so many people still struggle to make ends meet.

Although Americans hold the largest amount of privately held wealth in the world, many of us still struggle with financial stress. A recent report found that 68% don’t have enough money to retire, 56% are struggling to keep up with the cost of living, and 45% are worried about their debt levels. A significant reason is that a small number of people hold a large portion of the privately held wealth in the U.S..

Nearly two-thirds of America’s private wealth is held by the top 10% of people, leaving the remaining one-third to be divided among 90% of the population.

elon musk, richest americans, elon musk black hat, elon musk sunglasses, doge Elon Musk at CPAC.via Gage Skidmore/Wikimedia Commons

What if America divided its privately held money evenly?

With so many people struggling in America, while a few at the top are unbelievably wealthy, what would happen if the money were magically divided evenly among the 340 million people who live in the United States? If everyone received a truly equal share of the American pie, every person would receive approximately $471,465. That’s $942,930 per couple and $1.89 million for those with two kids.

With that chunk of change, the couple could easily pay off the average U.S. mortgage and have plenty of resources to save for a good retirement and send both kids to a decent college or trade school. The billionaire who once had more assets than they knew what to do with would probably have to move into a middle-class neighborhood.

couple with money, middle class money, cash money, couple on couch, man and woman A couple with cash sitting on a couch.via Canva/Photos

However, such a drastic redistribution of wealth would be cataclysmic for the economy, as people would have to liquidate their investments to give their assets to others. The sudden increase in wealth for many, without a corresponding increase in goods and services, would lead to incredibly high inflation. The dramatic reconfiguring of the economy would also disincentivize some from working and others from innovating. Some posit that if everyone were equal, in just a few months, those with wealth-generating skills would immediately begin rising to the top again, while others would fall behind.

What programs reduce poverty?

Although it seems that a massive redistribution of wealth isn’t in the cards for many reasons, we do have some evidence from recent history on how programs that give people money can help lift them out of poverty. Government stimulus programs during the COVID-19 pandemic brought the U.S. poverty level to a record low of 7.8% in 2021. Child poverty was also helped by the American Rescue Plan’s Child Tax credit expansion, which drove child poverty to an all-time low of 5.2%. It’s also worth noting that the trillions in government stimulus had a downside, as it was partially responsible for a historic rise in inflation.

While for many, the notion that there are billionaires while others can hardly get by feels obscene, redistributing America’s wealth is more of a thought experiment than something that would realistically happen. But it highlights an important truth: massive wealth inequality exists in the world’s wealthiest nation. While perfect equality will never exist, that shouldn't stop us from making targeted efforts to reduce poverty that make a meaningful difference in people’s lives.

This article originally appeared in July

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Economics expert pinpoints the exact moment in 2012 when 'America went to hell'

Geography was more important than we thought.

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An angry man in front of the American flag.

America has never been a perfect place, but since the Civil War, it has been one where most people bought into the idea of the country and supported the institutions that keep it running. People may disagree on politics and culture, but when America was threatened, whether it was 9/11 or World War II, people came together to fight for the country they love, even though the reasons may have differed.

However, it’d be naive to say that sentiment is still as strong as it once was. Since The Great Recession, many people have felt that the vibes are off in America, and polls and research back those feelings. Right around 2012, when smartphones became ubiquitous, there was a considerable rise in the number of people who felt that America was on the wrong track and that racism and sexism were considerably worse than they were just a year before. There was also a big spike in mental illness.

So what happened in 2012? Did the world suddenly become drastically worse overnight, or had our perceptions been changed?

woman, dispair, smartphone, bad news, woman in kitchen, upset woman A woman is upset looking at her smartphone.via Canva/Photos

Why does it feel like America is on the decline?

Other developed countries have experienced similar vibe shifts since 2012, but it has hit America the hardest. Economics blogger Noah Smith explains why this feeling of malaise has hit America so hard, and he illustrates it perfectly in a viral Substack piece called “Social media destroyed one of America's key advantages.” Smith is an American blogger and commentator on economics and current events and former assistant professor of behavioral finance at Stony Brook University.

In his Substack post, Smith postulates that the technological change hit America the hardest because it punctured our geographical buffers. “A hippie in Oakland and a redneck in the suburbs of Houston both fundamentally felt that they were part of the same unified nation; that nation looked very different to people in each place,” Smith writes. “Californians thought America was California, and Texans thought America was Texas, and this generally allowed America to function.”

Why did America fundamentally change in 2012?

Here’s an excerpt from Smith’s piece. Please check out the entire piece on the Noahpinion Substack.

Like some kind of forcible hive mind out of science fiction, social media suddenly threw every American in one small room with every other American. Decades of hard work spent running away from each other and creating our ideologically fragmented patchwork of geographies went up in smoke overnight, as geography suddenly ceased to mediate the everyday discussion of politics and culture.

The sudden collapse of geographic sorting in political discussion threw all Americans in the same room with each other — and like the characters in Sartre’s No Exit, they discovered that “Hell is other people.” Conservatives suddenly discovered that a lot of Americans despise Christianity or resent White people over the legacy of discrimination. Liberals suddenly remembered that a lot of their countrymen frown on their lifestyles. Every progressive college kid got to see every piece of right-wing fake news that their grandparents were sharing on Facebook (whereas before, these would have been quietly confined to chain emails). Every conservative in a small town got to see Twitter activists denouncing White people. And so on.


protests, american protest, protest sign, demonstration, mass gathering A group of people protesting in the street.via Ted Eytan/Flickr

It may sound cynical to believe that America was a better place when people were less likely to talk to people with a different worldview. But, given how things have gone in the past 15 years, it’s fair to say that putting every American in a proverbial ring to fight it out just makes everyone feel under attack... and the fight never ends.

The problem with the Like button

Another development around the same time that many believe negatively affected the country was the development of the Like button on Facebook. The button made its debut in 2009, and it, along with the share button, which came in 2010, incentivized people to create content that their audience agreed with, creating echo chambers. The buttons also incentivized people to make outrage-provoking posts and create fake stories to go viral and increase advertising revenue.

maga, trump supporters, trump flags, trump rally, american flags Trump supporters at a rally.via Elvert Barnes/Flickr

The positive takeaway from Smith’s geographical sorting theory is that, quite possibly, many people’s perceptions about life in Amerca are wrong because we’re seeing it through the distorted, funhouse mirror of social media that shows us every bad deed in a country of 330 million people and amplifies the voices of the unscroupulous. By pinpointing the moment that America “went to hell,” as author Jonathan Haidt says, we also have a roadmap to get back to when people had greater faith in America’s institutions and people.

This article originally appeared in June.

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'Made me smile': President Jimmy Carter's thoughts about the Bible and homosexuality resurfaces

"Jesus never said a word about homosexuality."

via Commonwealth Club/Wikimedia Commons

Jimmy Carter at the Commonwealth Club.

Jimmy Carter was the 39th president of the United States (1977 to 1981). Looking back on his achievements both in and out of office, it’s easy to say that he was a man ahead of his time. He was far ahead of the mainstream when it came to advocating for social justice, human rights, and the environment.

Carter famously installed solar panels on the White House in 1979, only to have them removed by Ronald Reagan.

The former peanut farmer and Navy Lieutenant from Plains, Georgia, was also far ahead of his time when supporting gay rights. In 1976, while running for president, he said he would sign the Equality Act, an amendment to the 1964 Civil Rights Act that would prohibit discrimination based on sexual orientation. “I will certainly sign it, because I don’t think it’s right to single out homosexuals for special abuse or special harassment,” he said.

He continued to advocate for gay rights as president. In 1977, the first gay delegation visited the White House. He also campaigned against California’s Proposition 6, which would have barred gays and lesbians from teaching in the state’s schools and was the first Democratic president to endorse gay rights in the party’s platform in 1980.


It may seem unusual for Cater, a confessed born-again Christian, to be a staunch advocate for gay rights. But he has publicly said that he believes that being pro-gay is wholly aligned with the teachings of Jesus Christ. Carter’s advocacy found itself in the spotlight once again after a meme featuring his thoughts about Christ and homosexuality from 2012 went viral on Reddit's MadeMeSmile forum on April 8, 2024.

The viral quote was taken from an interview with the Huffington Post in 2012, during which Carter promoted his book, NIV, Lessons from Life Bible: Personal Reflections with Jimmy Carter. At the time, LGBTQ rights were the subject of heated debate in Washington, and President Obama had just “evolved” and began publicly supporting same-sex marriage.

"A lot of people point to the Bible for reasons why gay people should not be in the church or accepted in any way,” the interviewer Rev. Paul Brandeis Raushenbush said. But Carter responded by correctly noting that Jesus Christ never said anything about homosexuality.

"Homosexuality was well known in the ancient world, well before Christ was born and Jesus never said a word about homosexuality. In all of his teachings about multiple things—he never said that gay people should be condemned. I personally think it is very fine for gay people to be married in civil ceremonies,” Carter said. "I draw the line, maybe arbitrarily, in requiring by law that churches must marry people. I'm a Baptist, and I believe that each congregation is autonomous and can govern its own affairs.

"So if a local Baptist church wants to accept gay members on an equal basis, which my church does, by the way, then that is fine. If a church decides not to, then government laws shouldn't require them to,” he continued.

jimmy carter, jimmy carter smiling, us presidents, commonwealth club, carter on homosexuality, jimmy carter president Jimmy Carter in the White House.via Tuntematon, Valkoisen talon valokuvaajat/Wikimedia Commons

Three years later, Carter shared the same sentiments in another interview with the Huffington Post, this time shortly after the U.S. Supreme Court legalized same-sex marriage. “I think Jesus would encourage any love affair if it was honest and sincere and was not damaging to anyone else, and I don’t see that gay marriage damages anyone else,” Carter said.

Jimmy Carter’s belief in gay rights stems from his faith as a Christian, but it’s also in complete alignment with his values as an American. Carter believed that the United States was a “beacon” for human rights, and in his 1981 presidential farewell address, he reminded the nation that the job was an ongoing struggle.

“The battle for human rights–at home and abroad–is far from over,” Carter said. “If we are to serve as a beacon for human rights, we must continue to perfect here at home the rights and values which we espouse around the world: A decent education for our children, adequate medical care for all Americans, an end to discrimination against minorities and women, a job for all those able to work, and freedom from injustice and religious intolerance.”

Jimmy Carter passed away on December 29, 2024, at the age of 100 years old. He was the longest-lived U.S. president. After his passing, President Joe Biden wrote that Carter, “stands as a model of what it means to live a life of meaning and purpose, a life of principle, of faith and humility. His life was dedicated to others.” He will forever be remembered as a man who fought for human rights both at home and abroad.

This article originally appeared last year and was updated.

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Americans share 15 of the coolest things they've seen overseas that they want here. Like, now.

"Taxes filed FOR YOU, and the return just appearing in your bank account."

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A train conductor, a bidet, and fries with gravy.

America is the wealthiest country in the world, but it still lacks a few things compared to other countries. Why can’t America have a high-speed rail, a healthcare system that won’t bankrupt you, or super cool toilets like they do in other parts of the world? Why are we still tipping on every meal, and why can't you find a decent meat pie anywhere?

The great American experiment has done pretty well for the past 248 years, but we still have some blind spots. It would be cool if a brave politician could one day make America truly great by poaching all the best ideas from around the world and creating the perfect country.


A Redditor recently asked people on the AskReddit subforum, “What's one interesting thing you saw in another country that made you think, 'How does my country not have this?" The responses are a great starting point for this hypothetical leader to begin making the improvements we’ve all been dying for. Bidets? Yes, we can! French fries with gravy? Yes, we can! Beer at Burger King? Yes, we can!

We compiled a list of the 15 most interesting things they have in countries that should be implemented in America, like yesterday.

15 cool things they have in other countries that we need in America

1. Cashiers can sit down

"I was an exchange student in Germany during my Junior year in high school. Right before I left, I had a job as a cashier at a grocery store. When I first went shopping in Germany, I thought, 'THEY GET TO SIT?! WHY COULDN'T I DO THAT?!' The only place that does this in the U.S. now is Aldi, which of course is a German company."

"Corporations: 'It's a slippery slope. If we let cashiers sit, what's next? The federal government will make a law that says that pregnant women get time off, and we have to give them money? Fathers get paid time off, too? We let people stay home if they're sick, without a doctor's note? Employees get more than 2 weeks of vacation per year? We have to pay people enough to afford both food AND housing? Where does it end?!'"

2. On-time public transport

"I travelled everywhere in Japan by public transport. My Japanese was terrible, but I could get everywhere with Google Maps because of the utter reliability of the services. I turned up at the station or bus stop and caught the transport that presented itself. The train, which was 5 minutes early, was not my train. The one that was on time on the right platform was the one I needed to catch."

japan subway, japan, japanese train, public transport, transport A subway conductor in Japan. via Canva/Photos

3. Fit-levers on faucets

"I saw something similar in Mexico City, only it was a foot pedal to activate/flush a public toilet. This operation seems so much more sanitary than using a handle to flush a toilet."

"You want two peddles: 1) to lower the seat (it should automatically lift back up unless it has a lid which auto-closes); 2) flush."

4. Coupon crushers

"In 1997, I was in Singapore and saw these things that looked like vending machines. It was a machine that you would take your empty pop can, and put it in this compartment, lift a handle to crush the can. It would then drop down into the machine. Then the machine printed out coupons for businesses in the area. I thought it was genius! I've never seen it anywhere else."

5. Bidets

"More Bidets, pls. My anus can only take so much tp."

"Honestly, every person who has tried it has understood why I love them so much. It’s uncomfortable at first because it’s different, but it really does leave you feeling much cleaner."


bidet, toilet, faucet, clean, bathroom, tile A common bidet.via Canva/Photos

6. Private public restroom stalls

"Public restroom stalls without the stupid gaps in between the doors, and smaller to zero gaps on the bottoms of the doors."

7. Server buttons

"In South Korea, there were buttons on the tables to signal you were ready to order, pay, whatever. It meant no pushy or hovering waitstaff and they were able to chill and relax a bit when no one needed their help."

"In Korea, they have a 'bing-bong' button on your table on a restaurant. If you need something, you press the button, your table number shows up on a screen by the server station, and they come over to your table. Usually, I just hold up my empty bottle or side dish and make eye contact from across the room, and they smile and bring me another one. Otherwise, the servers don't come by and bother you during the meal. It's so so so much better this way."

"We have this at Korean BBQ restaurants in Los Angeles."

8. French fries with gravy

"In Canada, you can get French fries with cheese and gravy."

"We have this in the US. If you're in the Jersey/New York area they're called Disco Fries."

disco fries, poutine, French fries, gravy, cheese Some delicious putin. via Canva/Photos

9. Free healthcare

"Basically, your medical bills are paid for by your taxes, so when you go into the hospital, the only thing that ends up costing money is the parking. The drawback can be that there is a waitlist for some surgery (except when it's urgently needed to keep you alive), at this time, medical insurance can pay for it, but it's still not as expensive as in America. Also, depending on the country, your medication is also a fraction of the actual cost. For example, in America a box of medication I have to take would cost me about US$600 a month, here in Australia that same medication only costs me about US $15"

"Socialized medicine is only as good as the people implementing it. If it isn't working properly, that isn't really the concepts fault. It's the people running it."

10. Traffic light countdowns

"In Germany, the traffic lights go from green to yellow to red like they do everywhere else, but after red, they light up red + yellow together before green. That way people have a head start getting ready to hit the gas and by the time it’s green you’re immediately moving forward. Bothers me more than it should when it just goes from red to green in other countries."

11. The government does the taxes

"Taxes filed FOR YOU, and the return just appearing in your bank account."

12. Beer vending machines

"Beer at Burger King" (One-upper!)

vending machine, snack machine, snacks, food, vending, A man using a vending machine.via Canva/Photos

13. Attached caps

"This one's less exciting than a lot of others, but I bought a bottle of Coke in London, and when I opened it, I realized there was a little piece of plastic that held the lid to the neck of the bottle, so you don't have to hold it. I can't believe we don't do that in the US. It's such a tiny little thing, but it feels like a no brainer when you think about it."

"That is due to a new law (an EU law, but a lot of brands have done it for their UK products too). Bottle caps have to be attached to the bottle to prevent them from being littered and to help ensure that they are also recycled along with the bottle."

14. Meat pies

"America, they are just not as big a thing here as they are in other countries. I loved them in New Zealand, in fact, when I was there, they had a fast food joint called Georgie Pie that was absolutely fantastic, also bakeries everywhere, where you could get them too."

15. Clean public toilets

"Clean, modern public toilets. I've been to Japan a few times, and those public toilets are amazing. I need to go back to try the one-way glass wall ones. (On a side note, having been to some Japanese music festivals, it seems that they have no problem setting up mens bathrooms in a way that the women line up looking directly into the men's bathroom. Very odd.)

This article originally appeared in June.
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