PA median income $52K/year
McCormick noted that the median income in Pennsylvania is $52,000 a year, underscoring the economic anxiety felt by working families.
Snapshot · All-In with Chamath, Jason, Sacks & Friedberg
Senators John Fetterman and Dave McCormick: Bipartisanship, Money in DC, Datacenters, Graham Platner
Explore episode
Jun 10, 2026
Where this was said
Fixing wealth concentration in the US
At 14:15 · chapter starts 13:33
McCormick warns that rising wealth inequality will destroy capitalism unless voluntarily addressed. He proposes Invest in America accounts and school choice as Carnegie-style private solutions. Friedberg pushes back with a smaller-government thesis.
Wealth Concentration: We're Going to Lose Capitalism
McCormick is blunt: the last 10 years were the greatest decade in human history for asset owners, and a disaster for the median Pennsylvania worker earning $52,000 a year. He says capitalism will be lost unless wealthy people voluntarily direct capital toward opportunity for others — not through government, but through choice-based programs like Invest in America accounts.
The Government Less Framing: Does Washington Have It Backwards?
Friedberg poses the empirical case that more government spending makes markets less efficient, more expensive, and less accessible — the opposite of what Congress believes. He says every time he visits DC he leaves unhappy because every person in Congress thinks the answer is always 'do more.' Neither senator fully disagrees.
Graham Platner: What A Nazi Tattoo Tells Us About American Politics
A candidate with a literal Nazi tattoo on his chest is polling viably in Maine. Fetterman calls it an outgrowth of backlash to extreme partisanship — and warns that when mainstream Democrats shrug off this kind of candidate, something has gone deeply wrong. McCormick adds that the Democratic Party's lurch toward Marxism and antisemitism validates and mirrors this extremism.
Similar snapshots
SF average rent up 18% in 2 years
San Francisco's average rent rose 18% over the past two years to $3,728/month, surpassing New York City as the most expensive rental market in the country.
SF average rent: $3,728/month
San Francisco's average monthly rent now stands at $3,728, surpassing New York City to become the most expensive rental city in the United States.
Bobby walked 7 miles with dicks drawn on face
At a childhood sleepover, Bobby Lee's friends drew penises on his face and he walked 7 miles home on a dirt road before being picked up by Eric Purvis's mom.
World poverty: 60% in 1950 vs 10% today
In 1950, about 60% of the world lived in extreme poverty; today it's about 1 in 10, attributable to capitalist economic growth.
6M US children fell into poverty 2021–24
From 2021 to 2024, 6 million children fell below the poverty line in the US after the expanded child tax credit expired.
Private adoption costs $40,000–$70,000
Private domestic infant and international adoptions typically cost $40,000 to $70,000, while foster care adoption is the most affordable route at $0 to $2,000.
Only 40% of men have ever reproduced
Historically, only 40% of men have ever reproduced — Galloway uses this to argue that romantic success requires effort, not a hall pass.
7th of 10 children
Robby Hoffman is the 7th of 10 children raised in a Hasidic household in Montreal, where the family was poor and comedy was a survival mechanism.
No concept of 'too soon'
Robby's Hasidic community had no concept of 'too soon' in comedy — if it was funny, you threw it, and if you bombed, your sibling told you immediately.
