By Bryan Caplan
Factoids of the day:
1. 44% of Congressmen are millionaires.
2. Consistent with the “limousine liberals” stereotype, eight out of the ten richest are Democrats.
I wonder how much of this can be explained by the vast overrepresentation of lawyers in politics?
Correction: I initially assumed that these figures were only for the House. The true fraction is 237/535=44%, not 237/435=54%.