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Jan 18 - congress has more millionaires then ever

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 Jan 18 - congress has more millionaires then ever
topic by messy marv stan - 01-18-2013, 04:14 PM


New Congress even wealthier after millionaire freshmen join its ranks — RT



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The 113th Congress has become wealthier than the last, with incoming freshmen bringing in a median net worth of $1,066,515 each -- about $1 million more than that of the average American.

While US citizens are getting poorer and increasingly applying for food stamps, the nation’s legislators are getting richer. Freshmen members of the 113th Congress have a median net worth that is about $100,000 higher than the net worth of all congressional members combined. All 535 members of Congress are worth an average $966,001 each, according to a new analysis by the Center for Responsive Politics.

A typical American household has a net worth of about $66,740 – a value that has been declining since the start of the most recent recession. Between 2007 and 2010, the median net worth of American households sank 47.1 percent. Food stamp enrollment increased by 15.5 million since 2009 and recent job creation figures show that low-paying jobs have largely replaced higher paying ones.

At a time when the majority is struggling financially, the nation’s leaders are accumulating more wealth.

“What’s [hard] to measure is whether these new legislators appreciate the financial pain people face and can effectively represent them despite the fact that they themselves are well off,” Sheila Krumholz, executive director of the Center for Responsive Politics, told Open Secrets.

Almost 50 percent of the lawmakers have a net worth of more than $1 million, the wealthiest of which, Rep. Michael McCaul (R-TX), was worth more than $500 million in 2011 and could be worth more than that today.

"Often people focus on who's up, who's down and the number of millionaires in Congress. And of course we should monitor how representative our legislature is and whether someone is getting rich while in public office – and why," Krumholz said, adding that many of these legislators invest in companies and could therefore also have conflicts of interests.

Adding the average net worth of each member of Congress comes out to about $4.5 billion. With many of its members being in the nation's top "one percent", the legislators' rising incomes illustrate the increasing income gap during a time of economic struggles.
Americans living below the poverty line rose to 49.7 million last year – a record high which equates to 16 percent of the population. A recent study also shows that the US income gap is worse today than it was in 1774.

“The era when Washington economists and politicians could dismiss inequality as a second or third-tier issue may be ending,” wrote National Journal writer Jonathan Rauch. “And progressives, potentially, have a case against inequality that might put accusations of ‘class warfare’ and ‘politics of envy’ behind them.”


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12 comments for "Jan 18 - congress has more millionaires then ever"

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 01-18-2013, 05:13 PMaway - #2
Trolling 61 heat pts61 space
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Originally Posted by messy marv stan




a record high which equates to 16 percent of the population. A recent study also shows that the US income gap is worse today than it was in 1774.


Looks at Link Sees its Russian Times
 01-18-2013, 10:58 PMonline - #3
Peter Griffin 3 heat pts space
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Originally Posted by Trolling


Looks at Link Sees its Russian Times
RT is actually pretty legit. They put out info that you won't see on American news. Just because it has Russia in the name don't make it false. They're even based in DC.
 01-18-2013, 11:26 PMaway - #4
WillScrillz5000 1 heat pts space
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this sh*t is true, fu*k you.
 01-19-2013, 12:16 AMaway - #5
ill 800 61 heat pts61 space
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as if you really didnt know whos steering the ship
 01-19-2013, 12:33 AMaway - #6
Screwhead|m 174 heat pts174 space
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Originally Posted by Trolling


Looks at Link Sees its Russian Times
Care to PROVE it wrong?
 01-19-2013, 09:58 AMaway - #7
nightmare 428 heat pts428 space
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Originally Posted by Trolling


Looks at Link Sees its Russian Times
 01-19-2013, 12:12 PMonline - #8
CadillacVyse 435 heat pts435 space
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Its because Americas are taught to love the master hate the slave.

Two threads this week.
1st thread: Americans are living pay check to pay check- everyone in the thread, its their fault, ppl are lazy, they choose to be poor etc.

2nd thread: CEO lavish perks - everyone in the thread - they worked hard so they earned it, ppl need to stop hating on the rich etc.

Bx libertarians hates the gov but loves these corps and their oppressive ceos. Yall do know corporationz run the govt? Yalll do know that y'all favorite Ron Paul supports unlimited campaign funding and has votes against all lobby reform.

None of y'all libertarians ever talk about getting money out of govt.

Do y'all even do sh*t outside of the internet? Have y'all talked with a representative, been to any town halls? Or y'all just complain on bx all day?
 01-19-2013, 12:39 PMaway - #9
Trolling 61 heat pts61 space
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Russian Propaganda my friends .... Trying to create civil unrest with all this 1774 crap .

 01-19-2013, 12:57 PMaway - #10
nightmare 428 heat pts428 space
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Originally Posted by CadillacVyse
Its because Americas are taught to love the master hate the slave.

Two threads this week.
1st thread: Americans are living pay check to pay check- everyone in the thread, its their fault, ppl are lazy, they choose to be poor etc.

2nd thread: CEO lavish perks - everyone in the thread - they worked hard so they earned it, ppl need to stop hating on the rich etc.

Bx libertarians hates the gov but loves these corps and their oppressive ceos. Yall do know corporationz run the govt? Yalll do know that y'all favorite Ron Paul supports unlimited campaign funding and has votes against all lobby reform.

None of y'all libertarians ever talk about getting money out of govt.

Do y'all even do sh*t outside of the internet? Have y'all talked with a representative, been to any town halls? Or y'all just complain on bx all day?


and at the bolded. hell no! lol you know damn well that most of these bx guys who talk all that sh*t are E-Revolutionaries and E-Reformists
 01-19-2013, 01:10 PMaway - #11
Trolling 61 heat pts61 space
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Everyone talks alot of sh*t of its fu*ked up here but trust what we have in the USA is 10000X better then living in the poorest of the poorest countries .

The establishment is too established to be taken down with civil unrest and protest , the only way that there will be change is if someone within decides to turn this bi*ch down a couple of notches .
 01-19-2013, 03:11 PMaway - #12
Zirov  space
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Originally Posted by CadillacVyse
Its because Americas are taught to love the master hate the slave.

Two threads this week.
1st thread: Americans are living pay check to pay check- everyone in the thread, its their fault, ppl are lazy, they choose to be poor etc.

2nd thread: CEO lavish perks - everyone in the thread - they worked hard so they earned it, ppl need to stop hating on the rich etc.

Bx libertarians hates the gov but loves these corps and their oppressive ceos. Yall do know corporationz run the govt? Yalll do know that y'all favorite Ron Paul supports unlimited campaign funding and has votes against all lobby reform.

None of y'all libertarians ever talk about getting money out of govt.

Do y'all even do sh*t outside of the internet? Have y'all talked with a representative, been to any town halls? Or y'all just complain on bx all day?

its called "the illusion of the American dream"
everyone wants to be rich and believes deep down it is possible they will one day "make it"
because they keep on waiting and waiting to be rich they never take intelligent shots at the government or millionaires, instead they subconsciously look up to them... sad but true...
 

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