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> In total, 106 members of China's National People's Congress and 97 members of Chinese People’s Political Consultative Congress, are on Hurun's China Rich List
by sdm 11y ago
> In total, 106 members of China's National People's Congress and 97 members of Chinese People’s Political Consultative Congress, are on Hurun's China Rich List. Their combined wealth hits $463.8 billion.
Ummm... The NPC has 2987. Put in context 97 of 2987 are rich or 3%. That's a far better stat than you'll find for the US senate or congress. The CPPCC is larger.
Add to that the comparison to the median wealth all American Politicians, your comment is all smoke and mirrors. Compare likes to likes.
- vacri 11y agoI chased down the link train, and by 'american politicians', they actually do mean congress. The link train stops here: http://www.opensecrets.org/news/2015/01/one-member-of-congress-18-american-households-lawmakers-personal-finances-far-from-average/ http://www.opensecrets.org/news/2015/01/one-member-of-congre... A senator averages about $3M, a house rep is about $800k.
- bzbarsky 11y agoI would be interested to see what the numbers look like for the average person with equivalent education and of equivalent age to a House rep. For example, http://www.slate.com/articles/news_and_politics/explainer/2013/01/average_age_of_members_of_u_s_congress_are_our_senators_and_representatives.html http://www.slate.com/articles/news_and_politics/explainer/20... claims that as of 2009 the age of US House members averaged 57. I doubt they've gotten younger on average since. I'm having trouble finding these numbers for our current congress, but in 2009-10, out of 435 House reps 168 had law degrees, 83 had a masters degree, 23 had a PhD, 17 had a medical degree. 32 had nothing beyond an associate's degree; that leaves 109 with just bachelor's degrees. All numbers according to https://en.wikipedia.org/wiki/Members_of_the_111th_United_States_Congress#Education https://en.wikipedia.org/wiki/Members_of_the_111th_United_St... Your typical person with an advanced degree in their late 50s probably has some retirement savings. And note that the cited article says some of the numbers (but not all!) include the values of the House members homes. It's really not that hard to hit $800k if you count home equity and retirement savings, assuming you have any reasonable amounts of either...