Re:Why a German billionaire says that pledges like Mark Zuck...
by DawkinsGawd on Thursday December 03, 2015 @04:31PM
(#10672802)
Yes, being a millionaire politician or doctor makes you wealthy.
Re:Why a German billionaire says that pledges like Mark Zuck...
by tptacek on Thursday December 03, 2015 @05:13PM
(#10673109)
It's fine if you believe that, and it's reasonable to point out the huge class distinction between a doctor and a greeter at Walmart, but I just want to point out that your sentence pretty much reduces to "Yes, being a doctor makes you wealthy".
Which, again, fine, but I can't be the only one who thinks we'd be better off if we had more doctors in Congress.
You also have to take into account that the average age of Congress is almost 60. I.e. they have been working and accumulating assets for decades. Adjusted for age, the net worth of the median Congressman is at the 80th percentile: http://www.census.gov/people/wealth/files/Wealth%20distribut.... Is 80th percentile "wealthy"? It's within one standard deviation of the median. I'd call that upper middle class.
Fun fact: the median doctor is worth over $1 million by age 50, and about $2 million by age 65: http://www.medicalpracticeinsider.com/news/which-doctors-sta....