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How are politicians going to absorb an economic shrinkage? What percentage of total personal net worth is owned by federal politicians in the US? Maybe it's h
by cma 3y ago
How are politicians going to absorb an economic shrinkage? What percentage of total personal net worth is owned by federal politicians in the US? Maybe it's higher than I would have guessed, but there are only 537 federally elected offices and no federally elected billionaires.
I see some numbers thrown around that the total net worth of congress is $2-3 billion. That's only $9.00 per American at the upper end. Even a complete personal bankruptcy of all of them wouldn't have measurable economic effect on its own.
- wildrhythms 3y agoMy reading of their comment was the politicians enable such unchecked bubble growth.
- gourdo 3y agoPublicly that’s their wealth and benefit for holding office. You think the politicians pay for much of the luxury they experience? You should Google the recent headlines about SCOTUS
- cma 3y agoHow much can their personal consumption really add to even off the books? It's 537 people.
- deleted 3y ago[deleted]
- bigfudge 3y agoThe second order effect of bankrupting them would potentially be worth it though.
- xxpor 3y agoTil mitt Romney is only worth 300 million