By Eric London
27 August 2012
Last week’s report by Washington, D.C. political blog The Hill details the vast wealth of the nation’s legislative representatives and serves as an indictment of the anti-democratic nature of the American political system. The “50 Wealthiest Lawmakers” list shows that dozens of congressional politicians have amassed huge fortunes while simultaneously slashing the wages, benefits and social services of the American people.
In other words, not only are these members of Congress overseeing a massive transfer of wealth from the working class to the ruling class; they are also profiting from this transfer.
The report reveals the bipartisan composition of the extremely wealthy in congress. Seven of the top 10 richest members of congress are Democrats; overall, Republicans make up 60 percent of the list. READ FULL STORY