Wealth-bashing Bernie Sanders is a millionaire

Hypocrite (definition):
A person who pretends to have virtues, moral or religious beliefs, principles, etc., that he or she does not actually possess, especially a person whose actions belie stated beliefs.

Jane and Bernie Sanders

Jane and Bernie Sanders


Vermont Senator Bernie Sanders identifies as a socialist, but is campaigning for the presidency as a Democrat.
As Kerri Anne Renzuli, reporting for Time magazine, points out, Sanders “rails against the ‘billionaire class,'” calls income inequality “the greatest moral issue of our time,” and has made a big point of contrasting his modest income against his competitors in this election.
While Sanders is indeed far less wealthy than multi-millionaire Hillary Clinton and many of his Senate colleagues, he is not the man of modest means he pretends to be. Even worse, his pretense is engineered via lies of omission.
Sanders and his wife, Jane — a retired educator and college president — claimed an income of $200,000 for 2014, comprised of:

  • Sanders’ $174,000 salary as a senator.
  • $5,000 a year pension payment from his stint as mayor of Burlington, Vt.
  • He and his wife’s Social Security benefits. (Bernie is 74, Jane is 65).

In July 2015, Politico reported that on his presidential personal financial disclosure form, Sanders claimed total assets of less than $750,000 ($194,026 to $741,030) — a broad combination of investment funds, all in his wife’s name — and $25,002-$65,000 in credit card debt on his Visa cards.
But Sanders left out his other assets, which tell a different story. They consist of the following:

  1. Sanders’ government retirement savings account — the well-regarded 401(k)-like Thrift Savings Plan — estimated to be $500,000 to more than $700,000 by the end of 2015, thanks in part to the government’s matching contributions.
  2. The pension Sanders will receive when he retires from Congress, estimated to be $71,340 a year.
  3. His wife’s retirement funds of an unknown amount from being a college provost, interim president, and president.

The Sanders also own at least 2 homes — in Vermont and on Capitol Hill. In July 2015, on MSNBC yesterday, Jane Sanders mentioned a third home — a condo that she and her husband recently sold, which would likely inflate their net worth (even at the lower estimates) to over a million dollars.
Altogether, Time magazine estimates Bernie and Jane Sanders’ effective retirement nest egg could be $2 million, which is well above the U.S. average. About half of U.S. households 55 and older have no retirement savings, according to a GAO report released last summer. And of those who do, households age 65-74 had a median $148,000 saved.
Even Sanders’ annual pension alone would be far above the $36,895 that the median American household with at least one member over 65 earns in a year, according to the Pension Rights Center.
All of which led Time to call Bernie Sanders “a de facto millionaire”.
H/t FOTM‘s Dave
~Eowyn

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truckjunkie
4 years ago

I heard a comment on the radio,”Bernie Sanders has so much money,even HE can’t vote for Bernie Sanders!”

Dave
Editor
4 years ago
Reply to  truckjunkie

LOL!

Steven Broiles
4 years ago

Here is my two cents. I am not against millionaires and rich people per se. (I had two chances to become one, and I blew them both, and I’ve been kicking myself ever since). My landlady (who lives downstairs and is dying of cancer) is sitting on over three million dollars of real estate on the block. She owns the house we both live in, the house next door and one across the street. “Ma,” as we call her, rents rooms out, largely to cab and limousine drivers. (Her late husband came here from Croatia and drove a yellow cab… Read more »

Dan
Dan
4 years ago
Reply to  Steven Broiles

Enjoyed your comment. American workers, through the the issuance of (wildly usurious) credit cards concurrent with the decline in their wages in real dollars, have been brainwashed into blaming themselves for going into debt in their struggle to maintain a declining standard of living. Thirty years ago the financial industries extorted about ten percent of wages and profits–tricked a profit as Spengler called it–from mfg and other productive industries. Today that extortion, enabled by Congress and often under the guise of regulating predatory finance by the “socialists” and fairness crowd in Congress, exceeds thirty percent of all corporate profits and… Read more »

Glenn47
Glenn47
4 years ago

Good ole Bernie, the hypocrite. Tells everyone what a great guy he is and points out others faults and claims to be such an evironmentalist, then charters a private 767 for his 24 hour trip to Rome. What a guy.

Anonymous
Anonymous
4 years ago
Reply to  Glenn47

Hey, Occupy Wall… er, Bernie fans… guess which percent your favorite candidate happily belongs to and makes mad bank complaining about.comment image

DCG
Admin
DCG
4 years ago

Shocker, not.

Jack
Jack
4 years ago

The average american voter doesn’t have enough common sense to pour piss out of a boot when the directions for doing so are written on the heel. Likewise said voter pays little or no attention to politics, the economy or to the melt down of Europe and in reality this group will welcome socialist and communism via Sanders or Clinton with open arms and never know what they have done. That hour may soon be upon us. Not if, but when that occurs, America will be done and of course that is tragic and the only upside will be to… Read more »

Steven Broiles
4 years ago
Reply to  Dr. Eowyn

I beg to differ, Dr. Eowyn: Military-industrial complex spending and debt financing comprise a bigger percentage of the Federal Budget than does welfare. (I went to welfare over my recent problem, and they wouldn’t help.) If I’m wrong, let me know. (I am NOT considering Social Security to be on the “welfare” or “entitlement” level: Although it is a Ponzi scheme, American workers had their own money put into this program, however unconstitutional or mathematically impossible it may be).

DCG
Admin
DCG
4 years ago
Reply to  Steven Broiles

From what I’ve been able to find, the spending is as such: Mandatory (65% of spending): Medicare, SS, Food Assistance/SNAP, Unemployment, and “Other”; Discretionary (29% of spending): Military, Housing, Education, Transportation, etc.; and lastly, interest on debt (6% of spending).
https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/
As is anything that comes out of DC, I’d take their numbers with a grain of salt. DC has some fuzzy math, IMO.

truckjunkie
4 years ago
Reply to  Steven Broiles

” Although it is a Ponzi scheme, American workers had their own money put into this program, however unconstitutional or mathematically impossible it may be).”
It would have worked just fine if the Government hadn’t started dealing it out to people who never paid into it,and if the Government hadn’t been using it as their own little slush fund for their favorite pet projects. See what happens when you let Uncle Sam manage anything worthwhile?

TrailDust
Admin
4 years ago

Thank you, Dr. Eowyn, for exposing the truth about this extremely dangerous demagogue.

Anonymous
Anonymous
4 years ago

Hey, just like Che… the message is what’s important, not what you actually do.comment image

Anonymous
Anonymous
4 years ago
Reply to  Dr. Eowyn

Fidel liked to wear two…comment image

CalGirl
4 years ago

I don’t like Bernie or his politics. But, he is NOT wealthy. He (with his income combined with the income of his SPOUSE—a 2-income household) is in the “middle class” of Americans that he is striving to WIPE OUT in the name of Socialism/income re-distribution. He’s Obama on steroids….and NOT TOO FAR OFF from Hillary…who is for “out-lefting” him lately. Bernie MAKES me want to run for Congress…so I can get his benefits….(besides the salary—the Health Care for life that has NO relatioinship with “Obamacare”…….just so you remember—our law-givers have NO obligation to follow the laws that they GIVE US… Read more »

japoa
4 years ago

Have you ever seen a political whore who wasn’t well off ?………..Reid went in a pauper , now is in the 1% ………Hmmmmm, how did that happen ? ” It’s a small club and we are not invited ” r.i.p. George Carlin

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[…] that Bernie Sanders would drive a $140,000 sports car? After all, Bernie the Socialist is a millionaire and owns three […]

MarkyMark
MarkyMark
1 year ago

Ole Bernie has THREE homes: 1) his one in Washington; 2) their regular residence in VT; and 3) a nice lakefront home on Lake Champlain. Oh BTW, and he drives a $100,000 Audi! He’s a real man of the people-not.

YouKnowWho
YouKnowWho
1 year ago

Let Bernie put every penny he’s worth in the national treasure to be distributed evenly among the populis. After all that amonuts to pennies to each tax payer. Oh shoot that means he’d have to give up everything he owns I. The name of fairness and socialism. Wondering what kind of uniform he’d have us wear?