This is a discussion on Seven of the Top Ten Wealthiest Members of Congress Are Democrats within the Politics forums, part of the US Discussion category; links in article at site. SNIP: Page 1 of 2 Next -> View as Single Page Yes America, there is a wealth gap. Seven of ...
|Politics Discuss government policies and candidates...|
| ||LinkBack||Thread Tools||Display Modes|
Seven of the Top Ten Wealthiest Members of Congress Are Democrats
links in article at site.
Page 1 of 2 Next -> View as Single Page
Yes America, there is a wealth gap. Seven of the top ten wealthiest members in Congress are Democrats.
The results are based on a new study released today by the non-partisan Center for Responsive Politics. The Center did an analysis of the financial statements filed by members of Congress for 2010 income and net worth.
This revelation of extreme wealth by Democratic politicians is completely contrary to the public image of the Democratic Party. President Obama has castigated “millionaires and billionaires,” suggesting they are evil people, largely Republican or conservative. The issue of the Democratic Party as the millionaire party has not yet made it into the mainstream media. But the facts are indisputable. Democratic members of Congress tend to be wealthier than their Republican counterparts.
According to the Center, 36 Senate Democrats and 30 Senate Republicans reported an average net worth in excess of $1 million in 2010. The median estimated net worth among members of the Senate Democrats was $2.58 million. Senate Republican median net worth was $2.43 million.
And, the wealthy Democrats tend to inherit their money. Republicans tend to earn it.
Senators John Kerry (D-MA), Jay Rockefeller (D-WV) and House Minority Leader Nancy Pelosi (D-CA) all came by their fortunes through marriage or inheritance. Senator Kerry, who was born into wealth, has listed his net worth as high as $281 million, while his wife Teresa is estimated to be worth $1 billion. Ms. Heinz did not earn her wealth either. She inherited the money from her husband Senator John Heinz, who died in an airplane crash.
Senator Rockefeller, representing dirt poor West Virginia, inherited his fortune from his family. He is reported to be worth $136 million.
While the economy continued to tank in 2010, Rep. Pelosi reported her own wealth to grow by 62%. Pelosi’s husband, Paul, is a financier. They own a multi-million dollar vineyard and a number of million dollar homes. They have a net worth of $196 million.
read it all here.
The PJ Tatler » Seven of the Top Ten Wealthiest Members of Congress Are Democrats
"A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself."
Tullius Cicero (106-43 BC)
"Those who would give up essential Liberty to purchase a little temporary Safety, deserve neither Liberty nor Safety."
-- Ben Franklin