Here are the latest results of who's got the
most money in the U.S. Congress. These are the people who
ostensibly know how the rest of us live, and govern accordingly.
You can bet that most of this top ten (summarized below) own
multiple homes, vehicles, and companies. This is a good
arguement for term limits if there ever was one.
that #1 and #2 are nearly 10x higher than #10.
just a partial account from Roll Call.
The 50 Richest Members
September 22, 2008, 12:00 a.m.
By Paul Singer, Jennifer Yachnin and Casey Hynes
Everything that you are about to read might be wrong.
Roll Call’s annual attempt to rank the riches of Members of
Congress is hampered by one fundamental flaw: It is based on the
lawmakers’ financial disclosure forms, which are extraordinarily
unreliable sources of information.
The disclosure rules
allow Members to report assets in broad categories, so there is
no way to tell the difference between a $20 million investment
and a $5 million investment. The top category on the Members’
forms is “over $50 million,” so it is impossible to accurately
account for anything worth more than that — like a professional
sports team, for example. There is also a gaping loophole for
assets owned by the Members’ spouse or dependent children;
anything worth more than $1 million in value can be reported as
“over $1 million.” There is no way to tell whether that is $1.2
million or $1.2 billion.
The rules also don’t require
reporting things of value that are not used to produce income —
most notably any primary residence or other home that is not
used for rentals. That loophole removes from most Members’
portfolios hundreds of thousands of dollars and in come cases
millions of dollars worth of assets. Airplanes, fancy cars,
antiques or other valuable items are not reported.
the full story for more details>
1. Sen. John Kerry
[In an April 2008 article,
Forbes.com estimated Heinz Kerry’s net worth at $1 billion]
2. Rep. Jane Harman (D-Calif.)
3. Rep. Darrell Issa (R-Calif.)
Sen. Jay Rockefeller (D-W.Va.)
believe Rockefeller is only worth $80M]
5. Rep. Robin
6. Rep. Vern Buchanan
7. Sen. Frank Lautenberg
8. Sen. Dianne Feinstein
9. Sen. Edward Kennedy
[Kennedy, only $47M - right]
10. Sen. Gordon Smith (R-Ore.)
- Kirt Blattenberger
Progenitor & Webmaster