JT

We were in Colorado last week and I was struck by what is now an enormous disparity in wealth between the US and the UK. Spent a couple of nights in a cabin in an RV park - it had pools, slides, mini golf etc, fun for the kids. But the place was packed with RVs worth hundreds of thousands of dollars. Not only that, but it’s clearly a conservative form of vacation, so the average car on site was a pickup truck. These were almost universally less than a couple of years old, and worth at least $60-80k, if not more. I could drive you to the poshest place in Northern Ireland and though you’d see the occasional high end vehicle, the average car there would probably cost half as much as these. And then I was talking to someone and they said: “Yeah, this is the most typical middle class American summer getaway.” Middle class. Our economies used to be roughly on a par when it comes to GDP per capita. And now the American middle class lives at a level than puts the UK upper classes to shame. Sad times for us. Kudos to America for resisting the socialism that has ground our economy to a halt.