As Abraham Lincoln observed, "Wise men established these great self-evident
truths, that when in the distant future some man, some faction, some
interest, should set up the doctrine that none but rich men, or none but
white men, were entitled to life, liberty and the pursuit of happiness,
their posterity should look up again at the Declaration of Independence and
take courage to renew the battle which their fathers began." 

http://www.huffingtonpost.com/john-w-whitehead/millionaires-who-rule-us_b_91
029.html 

 


John <http://www.huffingtonpost.com/john-w-whitehead>  W. Whitehead


Posted: March 11, 2008 06:28 PM 


Millionaires Who Rule Us
<http://www.huffingtonpost.com/john-w-whitehead/millionaires-who-rule-us_b_9
1029.html> 


"The very rich," observed F. Scott Fitzgerald, "are different from you and
me." And nowhere is this so-called difference more apparent than in the
growing divide between poor and working class Americans and the rich who
rule over us. 

While working class Americans are getting poorer (there are five million
more poor people today than in 2005), studies show that the rich are indeed
getting richer. According to the Center for American Progress, 37 million
Americans, a size roughly equivalent to the population of California, live
below the official poverty line. Thus, in a nation of almost 297 million
people, 12.6 percent are poor (for instance, a family of four that makes
less than $19,971 is considered poor). And one out of every three Americans
is considered low-income. 

At the other end of the spectrum, 19 percent of the nation's income is held
by the richest one percent of Americans who, according to former New York
Times reporter David Cay Johnston, have gotten richer as a result of taxes,
subsidies and regulatory policies that "take from the many to give to the
already superrich." 

In his latest book, Free Lunch: How the Wealthiest Americans Enrich
Themselves at Government Expense and Stick You With the Bill, Johnston
explains that the trend of government policies favoring the superrich began
when Ronald Reagan became president and has continued through the Clinton
and Bush administrations. "The 400 highest-income Americans--people who on
average make well over $100 million a year--were paying 30 cents on the
dollar when (Bill) Clinton came to office, 22 cents when he left," said
Johnston. "Under (George W.) Bush, they're paying 17." 

A number of America's wealthy elite are also on the government's payroll,
serving in the U.S. Congress. For example, the Center for Responsive
Politics reported in 2006 that about half of the Senate's 100 members are
also millionaires and their average net worth is $8.9 million. 

Even those members of Congress who do not belong to the so-called
"Millionaire's Club" enjoy a host of congressional perks. In addition to
their six-figure salaries, our representatives also receive millions to
maintain offices in their home state and in the nation's capital, as well as
other benefits such as free life insurance, a generous retirement plan for
life, 32 fully reimbursed road trips home a year, as well as travel to
foreign lands--all of which comes at taxpayer expense. And then there are
the "extras" ranging from discounts in Capitol Hill tax-free shops and
restaurants, $10 haircuts at the Congressional barbershop and free reserved
parking at Washington National Airport to use of the House gym or Senate
baths for $100 a year, free fresh-cut flowers from the Botanic Gardens and
free assistance in the preparation of income taxes. 

Little wonder with such entitlement that elected officials who have, and
have in abundance, are ill-equipped to relate to the struggles of those who
have little to nothing at all. We see this in a multitude of ways, from
hastily passed laws that infringe on our rights to pork barrel legislation
that primarily caters to special interest groups. How else to explain the
fact that taxpayers who live from paycheck to paycheck have, in years past,
found themselves paying $50 million for an indoor rainforest in Iowa,
$500,000 for a teapot museum in North Carolina and another $500,000 for a
national wild turkey federation in South Carolina? 

This disconnect became particularly evident in 2005 when those in Congress
who had no trouble voting themselves pay increases rejected a minimum wage
hike from $5.15 an hour to $6.25 for blue-collar workers. Such self-serving
behavior arises in part out of the privileged, rarefied world in which our
elected representatives reside. Fast forward to the present day, with the
nation in a recession and Americans losing jobs at an alarming rate, and we
find President Bush, born to wealth, seemingly surprised to find gas prices
hurtling toward the $4 a gallon mark. 

This brings me to the 2008 bid for the White House, where the leading
contenders are no strangers to wealth. Indeed, John McCain boasts an
individual net worth of $29.21 million, while Hillary Clinton's personal
fortune is in the $10 million range (combined with her husband, her assets
are between $10 million and $50 million). And Barack Obama, the "poor man"
of the lot, has assets valued up to $1.1 million. However, his $1.9 million
book advance in 2005 puts him on track to catch up with McCain and Clinton. 

So what does this mean for "we the people"? 

It means that the once-cherished idea that any American citizen, no matter
their station in life, could someday become president of the United States
has been reduced to little more than a pipedream. Only the wealthy, or those
connected to great wealth, have much chance of holding high office anymore.
This is illustrated by the fact that Clinton, Obama and McCain have already
spent nearly $300 million for the privilege of sitting in the Oval Office. 

But it is the common person--you and I--who, by participation in government,
not just voting, should determine governmental policy. As Abraham Lincoln
observed, "Wise men established these great self-evident truths, that when
in the distant future some man, some faction, some interest, should set up
the doctrine that none but rich men, or none but white men, were entitled to
life, liberty and the pursuit of happiness, their posterity should look up
again at the Declaration of Independence and take courage to renew the
battle which their fathers began." 

 

 

 

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