It also costs money to be a politician. Billionaires are able to loan to their campaigns pretty heavily, Michael Bloomberg loaned himself $65M to get re-elected

It also costs money to be a politician. Billionaires are able to loan to their campaigns pretty heavily, Michael Bloomberg loaned himself $65M to get re-elected as NYC mayor in 2009. There’s no political expenditure cap in the US and media slots are not cheap. Meanwhile first term congressmen that were poor have trouble finding housing in DC. https://www.npr.org/2022/12/09/1141635119/the-first-gen-z-member-of-congress-was-denied-a-d-c-apartment-due-to-bad-credit https://www.npr.org/2022/12/09/1141635119/the-first-gen-z-me...