A great deal like Mexicans unfortunately. Their system of government is riddled with corruption & nepotism while the people suffer high taxes and bad diets (diabetes kills a good %). Each atoll has their own monarchy with the federal stuff handled in Majuro. They get enough money from the US to make some real improvements but, funds that doesn't slip into someone's pocket seem to be used ineffectively.
So while your statement was in jest, you are quite correct in many respects.