Democrats’ Great Hypocrisy About Personal Wealth

One of the evergreen characterizations of our two major political parties is that Democrats represent the poor and Republicans represent the rich.  Bernie Sanders and Elizabeth Warren lead in the demonization of people with wealth – with the rest of the Democrat presidential field serving as the “MeToo” chorus (not to be confused with the Democrat feminist #MeTooMovement).

While they castigate people with wealth, virtually all the Democrat presidential contenders ARE people of wealth.  When they condemn those contemptible “millionaires and billionaires,” they fail to admit that they are among them.

The latest billionaire to throw his David Shilling hat in the presidential ring is Former New York Mayor Michael Bloomberg.  He has a net worth of $52 billion dollars.  He will not take any donations but rely on spending potentially billions of dollars on his own campaign.  To become the 46th President of the United States, Bloomberg would actually spend more money than all the 45 previous Presidents combined!

His closest competitor – at least in money – is businessman Tom Steyer, who is worth $1.6 billion – and who has already spent tens of millions of dollars on name-recognition ads (fronting as impeachment ads) before announcing his candidacy.

But money is not everything.  Former Maryland Congressman John Delaney is the third richest Democrat in the race – worth more than $200 million.  Despite his wealth, he is in that “below one percent” category.

Another barely relatively unnoticed candidate – outside of Colorado, where he is the United States senator – is Michael Bennet.  He is worth $15 million.

The next richest person in the race has some ‘splaining to do.  It is Elizabeth Warren with a net worth of $12 million.  While she chagrins the influence of money in politics, she has not been shy on using her wampum as fuel for her own political career.  Interestingly, Warren’s “wealth tax” would not apply to people with her level of wealth.  Surprise! Surprise!

Following Warren is former Vice President Joe Biden, with a fortune of more than $9 million dollars.  That one is particularly interesting because he often talks about his humble beginnings.  At the age of 29, Biden was elected to the United States Senate (turning 30 – the legal minimum age – before the swearing in.)  He was never a businessman, a big-time actor – never invented anything – so how did he get so damned rich from public service?  Hmmmm.  I am reminded of what President Harry Truman famously said: “You can’t get rich in politics unless you’re a crook.”

Another candidate who promotes her alleged “humble beginnings” and a life of public service is California Senator Kamala Harris.  She is worth $6 million.  Humble beginning …  life of PUBLIC service … and $6 million.  What was that Harry Truman said?

Then there is the folksy home-spun Vermont Senator Bernie Sanders.  No one seems to hate the rich more than socialist hypocrite Sanders.  Another story of the humblest of beginnings and a life in public service – and a $2.5 million nest egg.  Bernie is a variation on Robin Hood since he wants to take from the billionaires and give it to millionaires, like him.

The “poor” millionaires – $2 million or less – include Minnesota Senator Amy Klobuchar ($2M), New Jersey Senator Cory Booker ($1.5M) and businessman Andrew Yang ($1M).

A couple of candidates fall short of membership in the Millionaires’ Club.  That includes Hawaii Congresswoman Tulsi Gabbard ($500K) and at the bottom of the list is South Bend, Indiana Mayor Pete Buttigieg ($100K).  If the examples above are indicative, Buttigieg has a bright future in Democrat politics – which should make him one of the millionaires in the near future.

Keep in mind that all these candidates are richer than these estimates.  The reporting requirement a not all that stringent,  Also, does the figure include spousal wealth?  Some assets may be undervalued.  Regardless, they are all much richer than the people they hope to serve.

The wealth disparity between these candidates and their impoverished supporters is wide and growing.  I have always maintained that any political party that depends on poor people as their power base has no incentive to make them rich.  We see this in virtually every Democrat-run major city in which segregated and impoverished voters live in the economic status quo generation after generation.  That does not happen by accident.

It is interesting that so many of these candidates would destroy America’s capitalistic economic system — denying we the people the same opportunities that gave them their fabulous wealth.

So, there ‘tis.

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2 Thoughts to “Democrats’ Great Hypocrisy About Personal Wealth”

  1. Fred

    Who wudda thunk?

  2. Jan

    I am getting sooo tired of these politicians who want to give away MY money, rights, freedom to benefit their donors, their pocketbooks, their friends, and the people who WILL NOT work, do without, save, etc. I”m an old woman, a widow, and all that I have is the result of hard work, saving,and DOING WITHOUT. My husband was career military so first of all, my kids and I DID WITHOUT money, our own home, living close to family, a job for me (after all,a military wife MIGHT get transferred in a few years and leave!!! but of course, the non-military wives never did left the job, did they?) The main thing we DID WITHOUT was a husband, a father. We could never make plans beyond 2-3 years because we DID get transferred. We bought one home, brand new, and put hours and hours into making just right – but to no avail—10 months later, we were transferred to the OTHER coast. I had my babies alone, I LOST a baby alone because even though the doctor called the Navy and the Red Cross called the Navy to tell them he needed to come home because the baby was going to die and I probably would as well. Te Navy’s response (and he was simply going to a school at Grat Lakes at the time). They said he could not leave until one of us had died!

    The Democrats want to take what little money I have left that I saved over the years to fund ILLEGALS, young people who have gone to school, racked up a huge school loan studying underwater basketweaving or political science, and now can’t get a job if they bother to look for one. After all, businesses don’t have “safe spaces” to protect their delicate ears from hearing something they don’t like. I have a number of grandkids, none of them thus far have bought into the idea they need to go to college in order to learn, or to get a good-paying job. Thank God for small favors. They still seem to have good sense. And do not feel they are “entitled”. Of course, since they are white, they are unlikely to have been told they are “entitled”. Most of male, at that. They simply get up every morning, go to work, do their jobs, have bought new cars, homes, furniture, etc – and pay the taxes the Democrats want to give away to the people who have NEVER done anything FOR this country. Most won’t even learn to speak English!!! or they come come into our country and immediately want to change our laws, policies, culture to be like the one they just left. If it’s so good – then – GO BACK WHERE YOU CAME FROM! I have given my life to my country. When some of these free-loaders (including the multimillionaire politicians) can say they have given as much of their lives to this country, then perhaps they will have the right to try to change it. Personally, I suspect the majority of the “deplorables” in this country feel the same way.

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