Tuesday, March 20, 2012

Presidential Elections 2012 - #3744 -George Washington Was 'One Percenter' - American Thinker

Of course, for months now liberals have painted Romney as a super wealthy Wall Street elitist -- a "one-percenter" in the words of the Occupiers. With an estimated net worth of between $150 and $200 million, Romney is certainly in the top one percent of the wealthiest Americans. Whatever should he do to shed this politically damning millstone?! Well, first of all, he should point out that he is in pretty good company. According to 24/7 Wall Street, many U.S. Presidents were among the wealthiest (using 2011 dollars) Americans of their time. In fact, according to 24/7's figures, Romney would be far from the richest president in U.S. history. That honor would go to our first President, George Washington. With his vast amount of land (approximately 60,000 acres), his wife's inheritance, and given that his presidential salary was two percent of the total U.S. federal budget in 1789, 24/7 Wall Street estimates that Washington was an elite "one-percenter" with a net-worth of about $525 million in today's money. Thomas Jefferson was also a "one-percenter." With his architecturally extravagant home, Monticello, containing 11,000 square feet of living space and perched on a 5,000 acre estate, Jefferson had an estimated worth of $212 million.  Read more........

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