STUDY: 7 of 10 richest members of Congress are Democrats

For years, libertarians have fervently argued that the Democrats and the Republicans are the same thing, pointing to a host of issues, like war and welfare. Today, however, it has become quite clear on the surface to the average American that Democrats have become Republicans and Republicans have become Democrats.

Republicans oppose trade, but Democrats support trade (government-managed, though). Democrats are itching for war with Russia, but Republicans want peaceful relations with Russia. Democrats are dominating lavish golf courses, but Republicans are still stuck in middle America.

Leftists have accused the GOP of being the party of the affluent, but it seems like it’s the Democrats that have morphed into the party of the rich.

And that’s exactly what’s happening.

According to a new study by the Center for Responsive Politics, seven out of the top 10 wealthiest members of Congress are Democrats, accounting for $1.1 billion.

The richest member of Congress is Darrell Issa, a Republican with a net worth of $300-plus million.

Here is the chart:

The organization came to its conclusion by using the following method:

Net worth was calculated by summing the filer’s assets and then subtracting any listed liabilities. Filers report the amount of each of their assets, transactions and liabilities as falling within one of several ranges. The minimum possible values for each asset were added together as were the maximum possible values. Likewise, minimum and maximum liability amounts were summed. The maximum debt figure was then subtracted from the minimum asset figure and the minimum debt figure was subtracted from the maximum asset figure. The resulting range represents the extremes of how much a filer could be worth, and his or her actual net worth should fall somewhere within that range. The midpoint or average of the two limits was also calculated and used for purposes of ranking the filers by wealth.

Freaky Friday politics have arrived!

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Comments

  1. What kind of tax policy can we expect when the President can buy and sell a wealthy congress? A hundred dollar savings for the middle class to buy their vote and a billion dollar savings on the Trump Estate Tax. Baron Trump will be very happy someday.

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