The ‘Million Dollars Per Person’ Affair Is Telling

Obvi ously, the math here is spectacularly off. If Michael Bloomberg had divided the money he spent on his presidential run evenly among Americans, we would each have got $1.53, not $1 million. For Bloomberg to give $1 million to each American, he would have to be worth $327 trillion (in cash), which, for context, is around 17 times American GDP and about five-and-a-half thousand times what he’s actually worth. The scale of the error here is galactic. Read Full Article »