“The rest of us are actually poorer. NYT reports that the median net worth of a member of Congress climbed 15 percent from 2004 to 2010, to $913,000; meanwhile, the median net worth for all Americans dropped 8 percent over that same period, to roughly $100,000. The lawmakers’ gains are even more noteworthy because over that same period the net worth of the richest 10 percent of Americans remained essentially flat, based on inflation-adjusted figures, says Slate. More regulations and more Wahington D.C.-based power centers result in many more wanting to influence congressmen, legally or illegally.”
http://www.economicpolicyjournal.com/2012/12/congressmen-are-twice-as-rich-now-as.html
(Visited 39 times, 1 visits today)
Related posts:
Philippines to disband anti-drug death squads after killing South Korean businessman
My journey from war to peace
Peter Schiff Opens Hard-Money Bank
Illinois DOT Busted Over Red Light Camera Spreadsheet
Reporter Baffled After TSA Rejects His D.C. ID, Demands Passport
Kissinger: "Pre-Emptive Attack" Against North Korea "Is Strong" Possibility
US Supreme Court Rules Against DMV Disclosing Driver Info
Syria Video Turns the Debate on U.S. Intervention
Italian 5- and 10- year debt yields fall to record low
Happy Endings in China?
Patent Troll with Patent on Podcasting Threatens to Shut Down—or Shake Down—Podcasters
FinCEN Fines Ripple Labs for Bank Secrecy Act Violations
Beyond Bernanke's Speech from the Hole
First Amendment lawyer: ‘It is a terrible time to be a journalist’
Evangelization vs. Copyright