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onenote

(42,585 posts)
49. In 2009 the median net worth of a member of the House was around $750,000
Wed Nov 28, 2012, 12:44 PM
Nov 2012

meaning that half of the members of the House had a netw worth over that amount and half had a net worth under that amount. Many of those above the median were substantially above it, which means the "average" would be much higher. But median is the more appropriate measure. The net worth of members of the Senate is higher than that of House members by a decent margin. I've seen reports indicating that around 47 percent of members of the House have a net worth (which includes the equity they have in their homes) over $1 million, while 2/3 of Senate members top the $1 million net worth mark.

Actually, they ought to be on commission. dchill Nov 2012 #1
Just pay them $50 per hour for the time they are in session... kentuck Nov 2012 #2
I Think donnasgirl Nov 2012 #11
LOL former-republican Nov 2012 #16
oldie but goodie SmileyRose Nov 2012 #40
Pay them for piece work. byeya Nov 2012 #3
No. Pay them hourly fed min wage. 1wk of paid vacay and dock them when they're out winterpark Nov 2012 #53
The drawback of course shawn703 Nov 2012 #4
And that fact leads to the stock reply to this idea mac56 Nov 2012 #14
members of congress could be housed in dormitories. Voice for Peace Nov 2012 #23
Would you run for Congress if it paid only minimum wage? shawn703 Nov 2012 #33
I don't think minimum wage is adequate for anyone. Voice for Peace Nov 2012 #35
What's the average wealth of a congresscritter now? hobbit709 Nov 2012 #46
In 2009 the median net worth of a member of the House was around $750,000 onenote Nov 2012 #49
Not all of them but how about the leadership? Cleita Nov 2012 #5
Naaah... GEOpix Nov 2012 #6
Yup mac56 Nov 2012 #15
I am in favor of this. "Public Service" Voice for Peace Nov 2012 #7
No gym, no free parking, no free meals, Curmudgeoness Nov 2012 #18
The lobbyists decide what to pay them and/or family members. We have no say over that. AnotherMcIntosh Nov 2012 #8
My late husband used to say... SouthernLiberal Nov 2012 #9
That's agood idea SoCalNative Nov 2012 #31
Per the Constitution no such change in compensation could take effect until 2015 onenote Nov 2012 #10
K&R silverweb Nov 2012 #12
hell yeah krakfiend Nov 2012 #13
That could be said for all federal employees former-republican Nov 2012 #17
there is actually an unintended negative side effect when elected officials are paid a low salary Douglas Carpenter Nov 2012 #19
teachers do it... not for the perks, but because they are public servants. Voice for Peace Nov 2012 #24
I still think it would be a mistake to limit political office holders only to those with independent Douglas Carpenter Nov 2012 #30
certainly it shouldn't be allowed. millionaires must donate the bulk of their wealth, Voice for Peace Nov 2012 #34
not necessarily true krakfiend Nov 2012 #25
Many of them are millionaires. Incitatus Nov 2012 #20
Build a barracks down the street from the Capital Building. Pay them like the troops. AtheistCrusader Nov 2012 #21
Great idea: let's make Congress even MORE of a "millionaire's club". NYC Liberal Nov 2012 #22
That only helps if we also outlaw lobbying liberal_at_heart Nov 2012 #26
I really dislike this kind of silliness cali Nov 2012 #27
+1 onenote Nov 2012 #41
I have a feeling that to many of them madokie Nov 2012 #28
too many of them are filthy rich dembotoz Nov 2012 #29
So then only the independently wealthy could serve in Congress. former9thward Nov 2012 #32
What we really need are term limits. bluethruandthru Nov 2012 #36
Term limits? What if they start doing really good things? mac56 Nov 2012 #45
But that would make them more susceptible to corruption JDPriestly Nov 2012 #37
I'd settle for them onethatcares Nov 2012 #38
David Eddings had a good suggestion in one of his books. KitSileya Nov 2012 #39
How do you define the "average" American? onenote Nov 2012 #42
That is a good question. KitSileya Nov 2012 #43
Works for me! nt raccoon Nov 2012 #44
They are all rich n2doc Nov 2012 #47
anyone know how many hours the average critter puts in? nt G_j Nov 2012 #48
Voting and meeting with constituents? Doctor_J Nov 2012 #51
They do a lot less work than the guy who changes my oil Doctor_J Nov 2012 #50
We underpaid trustees for several large land trusts here mahina Nov 2012 #52
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