No group has been hit harder by the Obama economy than American liberals. From Marin County, where bundlers have had to struggle to scrape together a few ten grand bills to attend Obama fundraisers, to Washington D.C. whose bedroom communities now have seven of the ten highest household incomes in the country, poverty is hitting poor rich little liberals really hard.
In 2006, Alaska had the highest household income. But voters chose Obama over Palin and these days it’s Maryland. Because six-figure consultants on sustainable development, diversity and transgender bathrooms also need McMansions to go home to after a long day of team building exercises, celebrating Pride Week and snorting small mountains of cocaine.
Despite numbers like these, liberals are barely making ends meet. Some are “dead broke” like Hillary Clinton. Forget about a dollar not buying what it used to. Not even a hundred million dollars does. And there’s poor Joe Biden who claimed not to have a savings account or any stocks and bonds. And he doesn’t. He has five savings accounts and eleven investment funds.
But wealth is relative. Despite earning $100 million, Hillary Clinton claims that she isn’t “truly well off”. And if a woman with a colonial mansion for every occasion is, in the words of her adviser, still just “trying to earn a living”, the economy must really be bad.
With income inequality such a hot topic and Washington D.C. hoovering up more of the country’s wealth than ever, the Democratic Party’s presidential frontrunners are taking a vow of poverty. They aren’t actually draping themselves in burlap sacks and begging for spare change, though they do make a point of being seen shopping at Target or Costco before being driven back in their limos to a pricey exclusive neighborhood, but they are working hard at pretending to be poor.
If Hillary Clinton and Joe Biden can’t convince Democrats that they’re just one step away from begging for spare change on street corners and truly understand the plight of the people who actually work for a living, Elizabeth Warren is always waiting in the wings. After all who better than a Harvard professor who made $429,981 in her last full year of teaching to understand how hard it is to barely get by under income inequality.
Elizabeth Warren has a net worth of around $15 million, making her more working class than Hillary, but less working class than Joe Biden at around a cool million. Like Biden, Elizabeth Warren also isn’t big on investing.
“I realize there are some wealthy individuals – I’m not one of them, but some wealthy individuals who have a lot of stock portfolios,” Warren told an MSNBC host.
Like “Dead Broke” or “Truly Well Off”, “Wealthy Individuals” and “A Lot of Stock Portfolios” are relative terms. Warren only had $8 million in investments. It’s not a lot if you’re a millionaire who, like Hillary Clinton, Joe Biden and Elizabeth Warren, spends a lot of time around billionaires.
When you have twenty bucks in your wallet, a million seems like a lot. But when you have a million and hang around those who have fifty million, it doesn’t seem like so much anymore.