Tuesday, November 10, 2009

Ritchie Rich Goes to Washington

Mother Jones today that a minority group is consistently overrepresented in Congress. That group? Millionaires. While only one percent of Americans are millionaires, Congress is more than 44% millionaire.

The Center for Responsive Politics released its latest survey of congressional financial disclosure forms and found that of the 535 voting members of Congress, 237 are millionaires. Fifty members have net worths of at least $10 million, and seven are worth more than $100 million. California Rebpulican Rep. Darrell Issa is the wealthiest of the lot.

There is no other minority group that is as overrepresented in Congress as millionaires are. For black people to be similarly overrepresented compared to their percentage of the population, the entire Congress would have to be black. (Actually, even that wouldn't be enough.) If Mormons were similarly overrepresented, there would be 75 of them in Congress (there are 16 right now).