For the first time in history, the majority of members of Congress are millionaires.
We’re also witnessing the the most corrupt US government we’ve ever seen.
Gee, think there could be a connection?
For the first time in history, a majority of lawmakers in Congress are millionaires at a time when Americans feel that Congress and those in the “Boomtown” that is Washington, D.C. are becoming more removed from their everyday lives.
According to a Center for Responsive Politics’s analysis of “the personal financial disclosure data from 2012 of the 534 current members,” 268 lawmakers in Congress had an average net worth of at least $1 million. That was up from 257 from the year before.The Center for Responsive Politics found that the “median net worth for all House members was $896,000 (Democrats averaged $929,000 to Republicans’ $884,000) and, for Senators, $2.5 million.” In the Senate, “the median net worth for Senate Democrats was $1.7 million, down from $2.4 million in 2011; for Republicans: $2.9 million, up from $2.5 million in 2011.” According to the report, “the median for congressional Democrats was $1.04 million and, for Republicans, $1 million.”
Rep. Darrell Issa (R-CA) is the wealthiest lawmaker in Congress with a reported average net worth of $464 million in 2012 and the “least-wealthy member was Rep. David Valadao (R-Calif.), who reported an average net worth of negative $12.1 million.” According to the Center, Valadao is in debt “due to loans for his family’s dairy farm.”
To calculate the net worth of members of Congress, “the Center added together members’ significant assets, such as corporate bonds and stocks, then subtracted major liabilities such as loans, credit card debt and property mortgages.” The average net worth of each lawmaker in Congress can be found here.
They should be because they stole it from American tax payers
time for them to share the wealth
Because they are thieves
This.k I’ll have some tea.
The love of money is the root of all evil. It is in the bible , check it out.
make it illegal for congress or anyone in the federal government to be able to invest in the stock market
WE THE PEOPLE AGREE> FILLING THERE POCKETS> WHAT ARE THEY DOING FOR THE AMERICAN PEOPLE> NOTHING> EVERY THING FOR THOSE TRYING TO DESTORY OUR NATION>
THEY ARE LAWTERS AND SNOBBIES.
We need working people, not spoon fed millionaires, who don’t have to worry where their next $ is coming from. To them, Congress is a games of chance, if they screw up, so what. We can out spend anyone who wants to run against us. WE HAVE OUR million’s & WANT MORE from the taxpayers, who don’t know what’s going on & don’t care. WRONG
we need term limits for all of congress!