The more I learn about Bernie Sanders, the more I think he is a decent, honest, sincere person who firmly believes in his causes and lives by his ideology as well. The problem is that his ideology and social philosophy is so deeply naive and flawed it’s somewhat scary. Forget left or right, conservative or progressive or even socialist; focus on the practical, doable, human nature and just plain common sense. He has all the answers, but no depth. He says what people want to hear, but ignores consequences or reality for that matter.
He thinks and firmly believes that only the collective power of government can manage people’s lives and make things better. For example, he sees free college as a cure, but ignores not only the qualifications needed to maximize the value of college but the fact that a college education is a guarantee of nothing without the personal responsibility to go with it.
He puts out a health care plan requiring major restructuring of the tax code with much higher taxes and in the process coordinates nothing with the separate needs for tax reform, fixing Social Security and his own goals of free college and child care; indeed he wants to improve Social Security using the same taxpayers who are also paying for his Medicare for all. His approach to his own agenda is as uncoordinated as our health care system.
So, what about his net worth? Compare him to an average American his age and he is not doing badly. Compare him to a leader earning over $100,000 a year for decades, not so good especially when he also has about $25,000 in credit card debt. Some observers attribute this in part to his investing strategy which includes socially responsible investing; a good example of ideology over practicality and reality and in the absence of his federal pension, a course that would put him on the road to needing more public support in his old age.
Anti-billionaire Bernie Sanders’ net worth is $528,014. Our Bernie Sanders net worth figure comes from a deep dive into his public disclosure forms.
Here are Sanders reported investments. I wonder what an expert would say about this mix and diversity and just the number of different funds involved? Does he use an advisor? Does Old Bernie know what he is doing?