It pays to be in politics
TALLAHASSEE – The rich get richer and the poor get poorer. The voters are getting poorer and the politicians are getting richer. Especially here in Florida. In fact, the 2016 Florida Legislature is the richest in recent history, and a couple of incoming freshmen legislators could help make the 2017 class even richer. The legislature has at least 55 millionaires. That’s pretty much the definition of a plutocracy…
To put this put this in some proper context. Most of the Founding Fathers were pretty well to do also. Thomas Jefferson, George Washington, and Benjamin Franklin were all well to do. But the difference is they looked after the interests of the American people. The crop of millionaires we have today are only interested in enriching themselves and their cronies.
Here is some background on Gov. Rick Scott’s net worth dropped nearly 19 percent — mainly due to a reduction in the value of his investments in a blind trust — during the first year of his second term, according to reports filed this week.
Meanwhile, the three constitutional officers that make up the Florida Cabinet — Agriculture Commission Adam Putnam, Attorney General Pam Bondi and Chief Financial Officer Jeff Atwater — reported little change in their net worth at the end of the first year in their second terms, the reports showed.
Scott’s net worth plunged from $146.8 million at the end of 2014 to $119.55 million as of Dec. 15, 2015, according to annual financial disclosure reports filed Thursday with the state Commission on Ethics. The governor also listed no liabilities topping $1,000.
As of Dec. 15, Putnam’s net worth stood at $8.34 million, up from $8.28 million the previous year. The former Congressman, a Republican, reported his net worth at $6.8 million when first elected to the statewide post in 2010.
Atwater, who posted his net worth at $1.55 million when first running for statewide office in 2009, listed his net worth at $2.53 million as of Dec. 31, 2015. Atwater’s most recent net worth is down slightly from the $2.6 million the North Palm Beach banker reported for 2014.
Bondi earned $128,872 as the state’s attorney general last year and saw her net worth grow from just under $1.4 million at the end of 2014 to nearly $1.44 million on Dec. 15, 2015, according to the reports.
Bondi, who entered office in 2011 with a reported net worth of $472,699, listed her personal residence in Hillsborough County, valued at $825,000, as her biggest asset.
Florida Live with Dan Maduri is heard weekday’s 3 pm to 6 pm on WWBA 620 AM or on the TuneIn app. Watch daily live or on tape – delay at www.newstalkflorida.com