Betty Lafayette wrote:
I am not a Trump fan, I don’t believe him or his family should be in the White House, They all are making large amounts of money being in the White House, I don’t believe he cares about the people or our country, I don’t believe he should be in the White House 2020, he needs to be taken out
Why do you care how much money Trump and his family make? They were billionaires before he became President. PLUS, my recollection from grammar school is that it was the intent of our founders that people holding political office not be professional politicians. They would be businessmen, farmers, merchants, etc while in office. That may have been possible in the early days of our nation. So, technically, President Trump can also run his own company or work a second job for another firm such as a bank (although due to security reasons that couldn't be done, plus today POTUS is a 24/7 job so that would mean that it is virtually impossible).
At the Constitutional Convention in 1787, Roger Sherman of Connecticut -- a signer of the Declaration of Independence -- opined that "Representatives ought to return home and mix with the people. By remaining at the seat of government, they would acquire the habits of the place, which might differ from those of their constituents." See this link https://www.npr.org/2010/12/28/132294306/hey-congress-dont-keep-your-day-jobs
for a good article written in 2010 titled "Hey, Congress: Keep Your Day Jobs".
Also from this article: "When Members Didn't Stick Around So Much". The quote is: From 1789 to 1815, members of Congress couldn't afford to stay year-round in Washington because they were paid so poorly. Senators and representatives made just a few dollars a day. In 1815, they began receiving $1,500 a year salary. In 1855 that doubled. By 1935, they were making $10,000 a year. But most members of Congress still needed day jobs.
So, to at least 1935, members of Congress worked two jobs - which sounds like it was the norm.
Today, the House has restrictions on outside employment. See https://ethics.house.gov/outside-employment-income/restrictions-outside-employment
(Poor guys and gals only make $174K per year). The Senate has some really complicated rules and restrictions. See https://www.ethics.senate.gov/public/index.cfm/conflictsofinterest
So I go back to my original thoughts: Why does anyone care how much money Trump makes from being President of the United States? It wasn't a problem when Carter (a wealthy peanut farmer), or both Bushes (inherited money and money made from oil) were worth when the were POTUS, so why all the hullabaloo about Trump?
Here's the net worth of every President from George Washington on: https://www.usatoday.com/story/money/2019/02/13/donald-trump-george-washington-net-worth-us-presidents/39011559/
In today's terms,
. George Washington would have a peak net worth (in current dollars): $587.0 million. (Not bad. Not a pauper for sure.)
. Andy Jackson was worth $132.0 million and throughout his lifetime also owned 300 slaves (oops!).
. William Henry Harrison squandered his fortune of $6.1 million and dying penniless, so Congress created a special pension for his widow.
. Old Abe Lincoln at his peak net worth (in current dollars) < than $1 million. OOPs! LESS that $1.0 million!!!!! Don't you think he deserved more than that? I mean, the guy freed the slaves and saved the country. No Abe, no USA.
. William McKinley, our turn of the century President who served from 1897-1901, went bankrupt during the depression of 1893 while he was Governor of Ohio. Yet, his peak net work in today's term would be a paltry $1.0 million (what a poor fellow!)
. FDR, our only more than 2-term Presidential office holder, was worth only half of what his cousin, former President Teddy Roosevelt, at $66.8 million. Come on man - you're worth $66.8 million during what historians call The Great Depression, the worst economic downturn in the history of the industrialized world! See https://www.history.com/topics/great-depression/great-depression-history
. JFK, our first billionaire President had a peak net worth of $1.1 billion. (Not bad for a Catlic kid whose father was a bootlegger during the depression).
. Gerald R. Ford, our only NON-ELECTED President had a peak net worth $8.1 million (Ford spent virtually his entire adult life in public service. Over the course of his lifetime, he owned properties in Michigan, Rancho Mirage, and Beaver Creek, Colorado. After he left the White House in 1976, he made nearly $1 million a year from book advances and from serving on the boards of several prominent American companies). NOT BAD FOR A CAREER POLITICIAN
. Now comes the two DPPBs (Democrat Party Poster Boys), Bill Clinton and then our first President of color, Barack Obama.
. Clinton had peak net worth of $75.9 million. Wild Bill was not wealthy before or even during his time in the White House, but he and his wife, Hillary, have made substantial money through book deals and paid speeches. Bill Clinton received $15 million for his book “My Life,” and Hillary was paid a $14 million advance for her book “Hard Choices.” Clinton has made the most of any modern president on the speaking circuit. He gives dozens of speeches a year and each brings in between $250,000 and $500,000 per engagement, according to published reports. He also earned $750,000 for a single speech in Hong Kong in 2011. From 2001 through 2012, he made at least $104 million in speaking fees, according to an analysis by The Washington Post. See this link: https://www.thoughtco.com/former-presidents-speaking-fees-3368127
. Obama, who many wonder if he really is our first black President (lots of people wonder what his ethnicity is. See http://www.arogundade.com/is-barack-obama-black-or-mixed-race.html
) - It’s difficult to know exactly how much wealth Barack Obama actually has this soon after he left office, but he is certainly well off. Obama and his wife, Michelle, reportedly signed a $65 million deal for the rights to their memoir, but it is unclear how much of that money they have received, if any. Former presidents often make six figures for paid speeches, and since Obama is known as a great orator, many organizations are likely be lining up for his services. While Obama’s net worth is somewhat unclear, it will certainly continue to climb. American University estimates the Obama's could earn up to $242 million in the coming years.
. Lastly, it must be noted that Ronald Reagan received $1.0 million over the years for making speeches. Per the Washington Post from an article written in the 1980, at https://tinyurl.com/RR-speeches
, even the Boy Scouts had to pay $5,000.00 for a speech, about 15K today. He was heavily criticized by Jimmy Carter for taking so much money over the years for speeches. $1.0 million in 1980 is equal to $3,275,528 in 2019.
In 2014 per https://tinyurl.com/networth-congress
the median net worth of Congresspersons was $456,522. Not overly rich, but far better off than a lot of us.
For a list of wealthy politicians, see https://en.wikipedia.org/wiki/List_of_richest_American_politicians