MsConception -> RE: Should your U.S. Senator own a $7 M Yacht? (7/23/2010 3:49:37 PM)
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, in a country in which only .09% of the general population are millionaires. Currently the estimate is between 1-1.5% of the US are millionaires, you misplaced a decimal, which makes a difference. What I don't understand is that what some of you are saying is that because someone has money they should not be allowed to spend it. If those that have it don't spend it then the economy will never get thriving again. You want more jobs created, then those with money need to be buying to create more jobs etc. As far as those that think the millionaires in the senate and HofR are out of touch with the rest of us, feel free to find some joe blow off the street, get a grass roots campaign to either get him on the ballot for one of the parties, or get a write in campaign going. The problem is that running for US Congress is not usually a first step. In TX state legislatures make $7200 a year, plus per diems for when they are in session (grand total including per diem is $25K) sessions are 140 calendar days (plus special sessions). So, for the most part to get into such positions, you almost have to be wealthy, how many jobs held by the Joe Blows of the world have jobs they can take off from for 5-6 months of the year. So should you decide to run for US congres and/or US senate you would make $162k but no per diem, when you price places to stay for 6 months of the year in DC you quickly find your take home isn't as much as you would like. So for now the system is rigged so that the wealthy can really fill those positions...the Joe Blows of the world simply could not afford to hold those positions. Ok...enough So the probem is the system, not the individuals.
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