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The combined minimum net worth of Congress jumped — up more than $150 million to $2.1 billion (Original Post) lookatme May 2015 OP
this is why people go into politics olddots May 2015 #1
I think it is more of a tale of how expensive politics have become. Egnever May 2015 #4
There's really only two words that fit this magnificent act of statesmanship Fumesucker May 2015 #2
Not as crazy as it sounds tuhaybey May 2015 #3
hahahahahahahahahahahahahahahahahaHAHAHAHAHA!!!!!!! Luminous Animal May 2015 #5
 

olddots

(10,237 posts)
1. this is why people go into politics
Sat May 30, 2015, 08:54 PM
May 2015

and it is the exact opposite reason a democracy will survive .

 

Egnever

(21,506 posts)
4. I think it is more of a tale of how expensive politics have become.
Sat May 30, 2015, 09:36 PM
May 2015

It is much easier for a wealthy person to run.

tuhaybey

(76 posts)
3. Not as crazy as it sounds
Sat May 30, 2015, 09:34 PM
May 2015

The $150 gain was all one guy, whose wife if the heir to Clear Channel.

Note that just the 10 richest members are more than half of the total also.

Also, note that being a "millionaire" doesn't mean what it used to. Many of them are in their 70s and older. Being a "millionaire" by the time you're in your 70s basically means that you bought a modest house 50 years ago in a city and paid off the mortgage.

So, yes, it is a problem that so many legislators are wealthy. It is too big of an advantage in getting elected. But, it isn't like just being a legislator makes you rich. There are still quite a few in the House who are basically broke.

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