Posts tagged rich
Posts tagged rich
Congress is super-duper rich
CNNMoney created this graphic based on the Center for Responsive Politics’ congressional wealth research.
Members of Congress are much richer than you and me.
With a median net worth of $878,500, Democratic lawmakers were actually worth more than nine times the typical American household in 2010. Not bad for the party that positions itself as the defender of the middle class.
And 21 congressional Democrats have average assets of more than $10 million, according to the Center for Responsive Politics, which analyzed politicians’ financial disclosure forms.
Members of Congress had a collective net worth of more than $2 billion in 2010, a nearly 25 percent increase over the 2008 total, according to a Roll Call analysis of Members’ financial disclosure forms.
Nearly 90 percent of that increase is concentrated in the 50 richest Members of Congress. Two years ago, Roll Call found that the minimum net worth of House Members was slightly more than $1 billion; Senators had a combined minimum worth of $651 million for a Congressional total of $1.65 billion. Roll Call calculates minimum net worth by adding the minimum values of all reported assets and subtracting the minimum values of all reported liabilities.
According to financial disclosure forms filed by Members of Congress this year, the minimum net worth in the House has jumped to $1.26 billion, and Senate net worth has climbed to at least $784 million, for a Congressional total of $2.04 billion.
Today’s wealthy conservatives feel like they are entitled to suck the rest of us dry. The people who are Occupying Wall Street aren’t parasites. They are regular Americans who have seen our political and economic systems used as a weapon…