After seven years of the Obama administration, Americans are fed up with their politicians. Americans think their elected leaders have created winners and losers and that the average American is the loser. They think everyone is taking advantage of the system except for them. The electorate is revolting. One presidential candidate they should not be peeved at is Marco Rubio.
This has come to the forefront because Sen. Rubio is not a wealthy man. One candidate, Donald Trump, has disparaged him for his lack of financial success. That is particularly fascinating coming from someone who grew up amid great wealth and stated he was burdened with repaying his father the million-dollar loan Trump used for his first real estate development.
Americans should be celebrating Rubio’s situation and let me tell you why.
We are often bewildered how some who hold elected office for 40 years become significantly wealthy. These elected leaders make a very good living, but not a great one. The ones who go to Washington always complain about the cost of maintaining two homes – D.C. and in their home state. Most of us would think they should own a nice, but modest home in their state and have their very generous pension Congress put in place for them and not much else. Unfortunately, that is not true for too many.
Sen. Harry Reid (D-NV) was first elected to the state assembly in 1968. After one term there he served a term as Nevada’s lt. governor. Following a short break he served four years as chairman of Nevada’s Gaming Commission. Then he was elected to the U.S. House for two
terms and since 1987 has been a U.S. senator. Magically during this time of being in public life for nearly 50 years he has become a very wealthy man. His net worth is reported at between $3 million and $6.3 million. The low estimates can always be discounted for public officials. In fact, previously Reid was reported to be worth $10 million, not including pension benefits. Suspicious people might think he has been taking advantage of his position for personal benefit and Reid has had many questionable financial deals.
He is not the only one. Orrin Hatch (R-UT) is another fine example. He graduated from law school in 1962. He was elected to the U.S. Senate in 1976 and has served there for nearly 40 years or almost his entire professional lifespan. Yet he has been estimated to be the 40th wealthiest member of the Senate weighing in at a hefty net worth of $4.6 million.