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Default OT - The party of the rich is...

On Fri, 8 Feb 2008 09:19:30 -0800 (PST), Chuck Gould
wrote:

On Feb 8, 5:06?am, Short Wave Sportfishing wrote:
On Fri, 8 Feb 2008 04:46:25 -0800 (PST),

wrote:
The rich republican supporters that you hear about are the top 5% in income
who coincidently control about 40% of all the wealth in the country....- Hide quoted text -


- Show quoted text -


Can't have it both ways...


1 - 40% of the wealth is held by less than 1% of the population.
Compared to years past when 70% of the nations wealth was held by .5%
of the population, I'd say that was an improvement.

2 - ALL of the Presidential candidates live in homes that are worth
more than 1.5 million dollars.

3 - 80% of Senators live in homes valued more than 1 million dollars.

4 - 73% of all Representatives live in homes valued more than
$750,000.

Think about that.

Public servants my ass.


What does the value of real estate in a community have to do with
whether or not people living in a moderately priced home are good
public servants? Congresspeople are proportionate, urban areas where a
lot of people live have more than rural areas where almost nobody
lives. Desirable neighborhoods in highly populated areas will carrry
price tags in the high six-figure range and on up into seven-figures
in many communitites.

I noticed that at least in one city in CT, the average family income
was $113,000 in 2005. Would you suggest that the residents try to
elect a warehouse laborer earning $40,000 a year instead of choosing
from among folks with a financial background similar to the majority
of folks he or she will represent? Easiest guy in the world to bribe
would be somebody who moves from a less than average wage job to the
$150k (or whatever, plus perks) congressmen make today.

http://money.cnn.com/magazines/money...ghincomes.html

In that same community in CT, the average home sold for $1.1mm in
2005.

http://money.cnn.com/magazines/money...iceyhomes.html

Pointing out that somebody lives in a $750k house, in a surprisingly
high number of cities, will cause people to react with a "so
what?" :-)


Chuck, I think there was a little of the tongue in cheek there.
--
John H


 
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