3 ms·

Yes, I believe every congress member is now a millionaire and most are multi millionaires.

ghaff 11y ago
No, actually: http://media.cq.com/50Richest/ http://media.cq.com/50Richest/ (And "millionaire" (net worth >$1M) isn't really a terribly high bar for mid- to late-career professionals.) That's not to say they're representative of their average constituents' income levels but I wouldn't reasonably expect them to be.
- shit_parade2 11y ago
  You're correct, only the vast majority are millionaires. Also you don't get a million in debt by being poor.
  - ghaff 11y ago
    Right. Because "vast majority" = "way less than half". Words actually do have meanings.
    - shit_parade2 11y ago
      Read your own link dude, its over half and many have absurd levels of debt.
      - ghaff 11y ago
        I shouldn't waste my energy but 189 out of 538 have a Net Worth of more than $1M. 189/538 < .5. They have assets and they have liabilities. That's what net worth means. Some have absurd levels of debt. I assume some of that debt is related to campaigns but I don't actually know. However you made a statement that is factually untrue.
        shit_parade2 11y ago
        Again, you are correct, your link suggests just what you are writing, unfortunately it is somewhat absurd the way it conflates assets and liabilities. http://ballotpedia.org/Net_worth_of_United_States_Senators_and_Representatives http://ballotpedia.org/Net_worth_of_United_States_Senators_a... lists median net worth over a million\ http://www.opensecrets.org/news/2014/01/millionaires-club-for-first-time-most-lawmakers-are-worth-1-million-plus/ http://www.opensecrets.org/news/2014/01/millionaires-club-fo... also puts median net worth over 1 million http://time.com/373/congress-is-now-mostly-a-millionaires-club/ http://time.com/373/congress-is-now-mostly-a-millionaires-cl... also lists median net worth over a million http://money.cnn.com/2015/01/12/news/economy/congress-wealth/ http://money.cnn.com/2015/01/12/news/economy/congress-wealth... also puts median net worth above 1 million http://www.upi.com/Top_News/US/2015/01/13/Congress-worth-43B-individual-median-net-worth-1M/7501421167230/ http://www.upi.com/Top_News/US/2015/01/13/Congress-worth-43B... also puts median net worth over a million

ghaff 11y ago

No, actually: http://media.cq.com/50Richest/ http://media.cq.com/50Richest/ (And "millionaire" (net worth >$1M) isn't really a terribly high bar for mid- to late-career professionals.) That's not to say they're representative of their average constituents' income levels but I wouldn't reasonably expect them to be.

shit_parade2 11y ago
You're correct, only the vast majority are millionaires. Also you don't get a million in debt by being poor.
- ghaff 11y ago
  Right. Because "vast majority" = "way less than half". Words actually do have meanings.
  - shit_parade2 11y ago
    Read your own link dude, its over half and many have absurd levels of debt.
    - ghaff 11y ago
      I shouldn't waste my energy but 189 out of 538 have a Net Worth of more than $1M. 189/538 < .5. They have assets and they have liabilities. That's what net worth means. Some have absurd levels of debt. I assume some of that debt is related to campaigns but I don't actually know. However you made a statement that is factually untrue.
      - shit_parade2 11y ago
        Again, you are correct, your link suggests just what you are writing, unfortunately it is somewhat absurd the way it conflates assets and liabilities. http://ballotpedia.org/Net_worth_of_United_States_Senators_and_Representatives http://ballotpedia.org/Net_worth_of_United_States_Senators_a... lists median net worth over a million\ http://www.opensecrets.org/news/2014/01/millionaires-club-for-first-time-most-lawmakers-are-worth-1-million-plus/ http://www.opensecrets.org/news/2014/01/millionaires-club-fo... also puts median net worth over 1 million http://time.com/373/congress-is-now-mostly-a-millionaires-club/ http://time.com/373/congress-is-now-mostly-a-millionaires-cl... also lists median net worth over a million http://money.cnn.com/2015/01/12/news/economy/congress-wealth/ http://money.cnn.com/2015/01/12/news/economy/congress-wealth... also puts median net worth above 1 million http://www.upi.com/Top_News/US/2015/01/13/Congress-worth-43B-individual-median-net-worth-1M/7501421167230/ http://www.upi.com/Top_News/US/2015/01/13/Congress-worth-43B... also puts median net worth over a million