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Steve McIntosh Report Blog



We are ruled by the rich

Our Kansas Congressmen are not among the wealthiest people serving in the U.S. House and Senate. But a recent story in the Washington Post and New York Times points out a huge wealth gap between Congress and the rest of us.
Between 1984 and 2009, the wealth of the typical American family declined slightly. But the median net worth of a congressperson more than doubled to $725,000 over the same period. Since 2004 the median net worth of a member of Congress grew by 15%. For everyone else, wealth dropped 8%. The typical member of Congress is worth more than nine times the typical voter who sent him or her to Washington.
Increasingly-wealthy rulers doesn’t necessarily mean they will not look out for the interests of the 99 per centers. But I have to wonder how many of these folks realize the economic pressures that the rest of us feel every day? And have you noticed that throughout the Great Recession, no one in Congress has mentioned lowering their pay?
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Our thought for today is from Adolf Hitler:
 
“What luck for rulers that men do not think.”


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Topics : Politics
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Locations : Washington
People : Adolf Hitler




 
01/05/2012 1:03AM
We are ruled by the rich
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