This is BX @ Boxden.com


Jan 18 - congress has more millionaires then ever

 Jan 18 - congress has more millionaires then ever
topic by messy marv stan - 01-18-2013, 04:14 PM - Boxden > BX Daily Bugle - news and headlines


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







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.”


Latest News Hot Topics »   share this topic »   Share this on Twitter Share this on Facebook

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


 01-18-2013, 05:13 PMaway - #2
Trolling 61 heat pts61

  d 
space
$1,853 | POWERFUL
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 PMaway - #3
Peter Griffin 3 heat pts

  d 
space
$6,216 | 12626126
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

  d 
space
$2,017 | 9085496
this #### is true, #### you.
 01-19-2013, 12:16 AMaway - #5
ill 800 61 heat pts61

  d 
space
$7,101 | POWERFUL
as if you really didnt know whos steering the ship
 01-19-2013, 12:33 AMaway - #6
Screwhead|m 173 heat pts173

  d 
space
$14,778 | POWERFUL
Originally Posted by Trolling


Looks at Link Sees its Russian Times
Care to PROVE it wrong?
 01-19-2013, 09:58 AMaway - #7
nightmare 420 heat pts420

  d 
space
$12,819 | POWERFUL
Originally Posted by Trolling


Looks at Link Sees its Russian Times
 01-19-2013, 12:12 PMaway - #8
CadillacVyse 386 heat pts386

  d 
space
$15,582 | POWERFUL
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 #### 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

  d 
space
$1,853 | POWERFUL
Russian Propaganda my friends .... Trying to create civil unrest with all this 1774 crap .

 01-19-2013, 12:57 PMaway - #10
nightmare 420 heat pts420

  d 
space
$12,819 | POWERFUL
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 #### 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 #### are E-Revolutionaries and E-Reformists
 01-19-2013, 01:10 PMaway - #11
Trolling 61 heat pts61

  d 
space
$1,853 | POWERFUL
Everyone talks alot of #### of its ####ed up here but trust what we have in the USA is 10000X better then living in the poorest of the poorest countries .

The est@blishment is too est@blished 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 #### down a couple of notches .
 01-19-2013, 03:11 PMaway - #12
Zirov 

  d 
space
$1,087 | POWERFUL
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 #### 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...
 
 


Go Back   Boxden.Com - Stay First. Follow BX. > BX Table Of Contents > BX Daily Bugle - news and headlines
    
         

 



Latest hot topics on fire the past 48 hrs
Image inside  Nov 24 - JUST IN: Photos of Officer Darren Wilson's I..
84 comments
Image inside  Nov 25 - Storeowner who Michael Brown took cigarellos..
54 comments
Image inside  Nov 25 - Startling Photos Of Ferguson The Morning After
66 comments
 NFL Ravens Steve Smith Sr. Fights Saints' Kenny Vaccaro
New reply 2 minutes ago - 62 comments - by italiansteve
 NFL Michael Sam Wishes He Hadn't Come Out Publicly Before ...
New reply 5 minutes ago - 71 comments - by Bea5T
 BOX Floyd Already Demanding Rematch Clause If He Fights Pa...
New reply 3 minutes ago - 91 comments - by republican01
 Image(s) inside Nov 25 - Officer Darren Wilson---i Did Nothing Wrong &...
New reply 25 minutes ago - 62 comments - by Carlton Black
 Video inside Nov 25 - Michael Brown Step Dad To Protestors:burn Thi...
New reply 4 minutes ago - 143 comments - by Carlton Black
 NBA Kobe To Teammates: "get The Fu-k Out Of My Way&qu...
New reply 42 minutes ago - 94 comments - by tharegime
 Video inside Lmao: Dc Goons Got Beef Wit Fat Trel Now Smh
New reply 4 minutes ago - 81 comments - by JNumbaNC
 Image(s) inside Young Guru Pleads With Charlamagne The God: "you ...
New reply 44 minutes ago - 89 comments - by Roo 50

Like BX on Facebook Follow BX on Twitter
5,863 fans of BX | none new today 4,810 following and 2 new today

hot topic blog   »    hip-hop   |   sports   |   movies   |   games   |   news   |   wild'ish   |   gear   |   rides   |   tech

contact us   |   mobile   |   privacy statement

© Boxden.com. 1998 - end of time.