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Tuesday, December 27, 2011

25 Richest Members of Congress in WashingtonPost

These are all people who have more than $30 million.  Darrell Issa is the richest, with over $400 million.  It's an interesting "natural" distribution (not random of course, since they all ran for and won Congressional seats) of how 25 people in the 1% got rich.  Most of them seem to have gotten that rich by being somewhat rich to begin with, and then making a lot of good investments, usually in real estate.  Not much job creation there.

A few of them were CEOS (skimmers), and a very few of them seem to have started companies, and thus might even have been job creators.  But that's a distinct minority of this particular slice of the 1%. And there's very little information given about the created companies; sometimes they are listed alongside other sources of weath.

Of course, investment income is a different tax issue than earned income.  Right now, I'm just reporting these results. 

http://www.washingtonpost.com/business/economy/25-richest-members-of-congress/2011/07/11/gIQAmtxiMK_gallery.html?hpid=z1#photo=25


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