Tuesday, June 2, 2015

America, at last, Forgives its Weallthy

The Clinton financials are not as amazing as the efforts to obscure them. Hillary has had a net worth of between 10 and 50 million dollars reported over the period from 2008 to 2010 but nothing specific other than one account has ever been declared. (Remember Harry Reed's outrageous claim on the Senate floor--where he could not be sued for libel--claiming Romney paid no taxes.)
The Clintons' combined confirmed income between 2001 and 2012 was at least $136.5 million. When looking for some idea of the Clinton money, the Clinton Foundation rarely comes up as reporters act as if it is something separate and sacred. It is worth over $2 Billion. Billion.


A recent smokescreen appeared in an article pretending to show the great wealth of historical presidents in today’s dollars, adjusted for inflation--a tremendous distortion caused by land inflation. If you owned a cobbler shop in Washington in 1800 you would be a zillionaire now.
According to 24/7 Wall Street:
John F. Kennedy, had he lived, would have inherited a fortune from his father estimated at $1 billion.
Older presidents have their worth skewered by increases in current land prices: George Washington worth some $525 million, Thomas Jefferson’s net worth about $212 million, Theodore Roosevelt ($125M), Andrew Jackson ($119M) and James Madison ($101M).
Carly Fiorina, the former Hewlett-Packard CEO, is worth around $80 million, Texas Senator Ted Cruz is worth just over $3 million, while Rand Paul has some $1.3 million.
Florida Senator Marco Rubio has an estimated net worth of $443,000, while Bernie Sanders, the socialist Senator from Vermont, has $330,507.

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