Net collective wealth of US Senators is 680 million- and you wonder why they are passing the tax cut

[n2doc]

Over half of US Senators are millionaires

Jennifer Yachnin | Roll Call | 10.29.2010

The Senate's famed "millionaires club" is becoming a little crowded.

According to a Roll Call analysis of Senate financial disclosure forms filed in 2010, more than half of the chamber's membership, 54 lawmakers, reported a minimum net worth of more than $1 million. Another four Senators fell short of that mark by less than $100,000.

In addition, more than half of the Senate's membership saw their individual fortunes grow in 2009, the period covered by their most recent disclosure reports.

Those increases are reflected in the chamber's combined minimum wealth, which increased to about $680 million in 2009, or more than 4 percent higher than the previous year.


more

http://www.greenchange.org/article.php?id=6176

It is clear that this is a lowball estimate- there is no frickin' way that a senator like Stabenow is worth nothing (except perhaps politically)!

[xchrom]

1. recommend

[dkf]

2. Retiring with nothing but a million dollars safely nets you $40,000 a year.

$40,000 a year isn't a luxury life.

Its their pensions that really make them well off.

[n2doc]

3. If you believe that these are their real net worth $$$ I have a bridge to sell you

The article explains a good example of hiding assets at the end.

[somone]

4. Corrupt fuckers

[rurallib]

5. so the Walton family could buy about 150 sets of 100 senators?

make a nice collection.
The Koch brothers maybe only 100 sets.