Millionaire Elizabeth Warren
Posted by Steve Markowitz on January 12, 2015
Elizabeth Warren, Democratic Senator from Massachusetts, seems to have self-esteem related issues. During her successful run for the Senate in 2012, it became public that Warren claimed to be a descendent of native-born Americans. After the Boston Herald’s was unable to find any such genealogical connection, Warren came up with a novel excuse: “Growing up, my mother and grandparents often talked about our family’s Native American heritage. As a kid, I never thought to ask them for documentation — what kid would?” In addition, Warren defensively proclaimed that “I never sought nor gained personal benefit in school or job applications based on my heritage.” Unfortunately, American politics does not demand honesty.
Warren claims to be a protector of less well-to-do Americans. In a CNN op-ed last year, Warren said: “Big banks, powerful corporations and billionaires – people who can afford to hire armies of lobbyists and lawyers – have amassed more and more wealth, and meanwhile, the foundations of our once strong middle class have begun to crumble, and families have been caught in a terrible squeeze.”
While the middle class in the US has been squeezed, Warren sure has not. According to CNNMoney, Warren is part of the top 1% that she so often attacks with an average net worth of just under $9 million, not including her home valued at approximately $2 million. The total income for Warren and her husband has been just under $1 million annually in recent years.
It is remarkable how elitist Progressives claim to be champions of the middle class while accumulating so much wealth for themselves. These two realities are not disconnected.