Growing wealth widens distance between lawmakers and constituents
By Peter Whoriskey,
The growing disparity between the representatives and the represented means that there is a greater distance between the economic experience of Americans and those of lawmakers.
Between 1984 and 2009, the median net worth of a member of the House more than doubled from $280,000 to $725,000 in inflation-adjusted 2009 dollars, excluding home equity while the wealth of an American family has declined slightly.
In Congress, the median wealth increased and the proportion of representatives who have little besides a home has shrunk. In 1984, one in five House members had zero or negative net worth excluding home equity, according to the disclosures; by 2009, that number had dropped to one in 12.
“The proximity of these trends is uncanny,” researchers Nolan McCarty, Keith T. Poole and Howard Rosenthal wrote in a a 2003 paper. “Remarkably, the trends of economic inequality and elite political polarization have moved almost in tandem for the past half-century.” Please go to the original article for details and a real world perspective. http://wapo.st/w1HG3M