Romney Could Rank Among Richest Presidents Ever
Former Massachusetts Gov. Mitt Romney already has a reputation of being unable to relate to the common American because of the wealth he's amassed throughout his lifetime. Now a new report says that, if elected, Romney would be one of the richest presidents ever, according to the Associated Press.
If you add up the wealth of the last eight presidents, including President Obama, and double that number, then you reach Romney territory. However, the Republican presidential candidate couldn't outdo George Washington's acres of land and slaves (if you adjust for inflation). And when you put Romney alongside America's 400 billionaires, his wealth barely registers.
"Romney is small potatoes compared with the ultra-wealthy," Jeffrey Winters, a political scientist at Northwestern University who studies the nation's elites, told the AP.
Romney has disclosed his wealth to be somewhere between $180 million and $250 million.
"I think it's almost hard to conceptualize what $250 million means," Shamus Khan, a Columbia University sociologist who studies the wealthy, said. "People say Romney made $50,000 a day while not working last year. What do you do with all that money? I can't even imagine spending it. Well, maybe ... "
With the way the Republican Party reacted to the Occupy movement, we wonder how much wider the wealth-disparity rate will become if Mitt Romney moves into the White House.
Read more at the New York Post.