Author: SMITHI

50% of Congress members are millionaires while most Americans don't know   [Copy link] 中文

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Post time 2011-12-29 12:16:07 |Display all floors
markwu Post time: 2011-12-29 11:08
"50% of Congress members are millionaires"

And none of them would be able to honestly and fully und ...

Yes of course they can't connect with people because they don't live life of people they live life of gods. System is tweaked for wealthy by wealthy. In USA they went to far thou , this is not sustainable in long run , something will break down sooner rather than later. On one side deficit and debt on another side lax tax laws for wealthy , there is so many ways to use loopholes that those ultra wealthy don't have to pay tax at all and that is point of no return.  They will never give up privileged status gained by deregulations during last two decades and if they don't give up this legal privileges USA go down financially. It is deadlock the end of road and that is best visible in congress , whole day they argue and never agree what to do.........but they know what have to be done they are not dummies ...........they simple don't want to give up loot.
They robbed people like ordinary bandits.

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Post time 2011-12-29 12:38:55 |Display all floors
This post was edited by lotusfly7 at 2011-12-29 12:39
SMITHI Post time: 2011-12-29 10:54
What are you tokin about?

I'm observer i just present facts , you don't like it faggot?
I mean really that is so depressing , in England they burned down whole townships in riots yet in Amerikkkkkkkkkkka few OWS protests kind of girls gathering to have coffee chat , so faggotesque 'n stuff.

Amerikkkkka need to wake up and walk the talk.

You call refering to peacful protesters as "faggotesque" and NOT violent enough for YOUR liking "reporting the facts"?

Thne you verbally assult me because I call you out on it?{:soso_e128:}

Look kiddo, I really do not need to make the point any further. The words are all here for ALL to see. And seeing who you really are for what you really are is made simply by allowing you to spew off like you do. You lose all credibility in any post at this stage.

Thank you for making my point. You're so easy.{:soso_e112:}

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Post time 2011-12-29 12:41:14 |Display all floors
Faggot is using some funny wording in addressing fellow posters , yet he think i should pay respect to him?

go figure

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Post time 2011-12-29 14:26:36 |Display all floors
US lawmakers get richer as voters struggle


(AFP) – 1 day ago  



WASHINGTON — The wealth gap between members of Congress and ordinary Americans is growing larger, with nearly half of all lawmakers now worth more than one million dollars, according to US media reports Tuesday.
US lawmakers are increasingly likely to be multimillionaires and are on average nine times richer than the other Americans, according to data made available to the New York Times and Washington Post.
The papers reported figures from the Center for Responsive Politics that showed the median net worth of a member of Congress stood at $913,000 and is climbing, compared to $100,000 and falling for the rest of the population.
Amid protests against the country's wealthy elite that have seen many US cities "occupied" by demonstrators, it appears elected many elected representatives make up the "one percent."
Among the richest is Republican representative from California, Darrell Issa.
According to separate figures from the Center for Responsive Politics' released in November, Issa was worth $195 to $700 million last year, his fortune coming from his car alarms business.
Texas Republican Representative Michael McCaul and Democratic Senators John Kerry, Mark Warner and Herb Kohl were also among the most wealthy.
According to the Washington Post, members of the House of Representatives were worth an average of $725,000 in 2009 compared to $280,000 in 1984, adjusted for inflation. Those figures do not include home equity.
Their wealth stands in stark contrast to the economic fate of most Americans, who have seen their value shrink over the last two decades.
Over the same period American families saw their average wealth drop from $20,600 to $20,500, also inflation-adjusted and not including home equity.
The reasons for the gap are far from clear, although many point to the cost of running for office being a deterrent to the poor, and also lawmakers being able to profit from market-moving knowledge.
"I am sure that there are multiple reasons for it," Alan Ziobrowski -- a professor at Georgia State University -- told AFP.
Ziobrowski, who has studied how lawmakers' stock investments have faired, said "the situation is pretty straight forward" with regard market-generated wealth.
"You have got a Congress which is preoccupied with three things, with regulation of industries; they are preoccupied with taxes and they are preoccupied with the federal budget. Any one of those things can have an absolutely profound impact on stock price."
"They know about them before anyone else does and that certainly leaves them in a position that they can take advantage."
But that also gives rise to suspicious that the game might be rigged: "That is the underlying ethical question... when they do cast a vote are they casting it for their constituents, or are they casting on behalf of their portfolio? Unless you look in their head, there is no way of knowing."

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Post time 2011-12-29 15:01:56 |Display all floors
This post was edited by SMITHI at 2011-12-29 15:03

"You have got a Congress which is preoccupied with three things, with regulation of industries; they are preoccupied with taxes and they are preoccupied with the federal budget. Any one of those things can have an absolutely profound impact on stock price."
"They know about them before anyone else does and that certainly leaves them in a position that they can take advantage."
But that also gives rise to suspicious that the game might be rigged: "That is the underlying ethical question... when they do cast a vote are they casting it for their constituents, or are they casting on behalf of their portfolio? Unless you look in their head, there is no way of knowing."
+++++++++++++++++++++++++++++++++


AFP is mainstream media yet even AFP recognise conflict of interest in whole deal.

In many countries such conflict of interest would be criminally prosecuted in court of law but not in Amerikkkkkkkkkkkkkkkkkkkka.

Now if you ask me i think Amerikkkkkkkans (99%) are  just bunch of peasants that let woolfs getaway with loot.

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Post time 2011-12-29 15:47:36 |Display all floors
Not sure if YOU know:
Those congressional and pentagon chaps have got to be filthy richer than most other American folks because they are immune from "insider suits" and well protected by wall street keepers and officials.  Hence, it is just too hard to tear down wall street, whether or not you are the 99% ows members.

These folks inside the whitehouse, congress and pentagon are the first to know "what could happen next in the equity markets" because of their far reaching "radars, eyes and ears" which are all controlled and managed by them for the timing of fresh breaking news releases. Poor mums and dads will always be the poorer chaps of course if bets were laid at the wall street corners. Who have had them all, first_hand before you? At the end of the day, it is just that “muscles” that talk louder and walk taller than most of the ordinary 99% American folks. Just ask around and listen well .. .!!
What's on your mind...

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Post time 2011-12-29 16:13:41 |Display all floors
aa@edward Post time: 2011-12-29 15:47
Not sure if YOU know:
Those congressional and pentagon chaps have got to be filthy richer than most ...

Couldn't agree more Edward , yes i do understand your view.

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