The Don Jones Index, 7/31/26

the DON JONES INDEX…
	GAINS POSTED in GREEN LOSSES POSTED in RED 7/31/26... 14,396.77 standard 14,394.17 reconfigured 14,354.17 corrected 7/24/26... 14,397.46 standard - 14,287.95 reconfigured 14,247.95 7/3/26... 15,029.54 reconfigured 6/27/13... 15,000.00 Original
*(THE DOW* JONES INDEX: 7/31/26...52,208.06; 7/24/26...51,711.65; 6/27/13… 15,000.00)**

LESSON for FRIDAY, JULY 31, 2026 – “SHOW US the MONEY!”

Money!

Some have it, more don’t... nearly everybody wants it.

It is the substance and sustenance of the American Dream – and every good American has, or should have, a strategy for obtaining it (or, if they already have it, keeping it).

Some are legal, others not. Some require hard, life-shortening physical labor – others a modicum of animal cunning, still others merely good fortune as ordained prosperout genetics.

All but the most beaten-down agree and derelict understand that among the requirements for rising in one’s station are information, education and... for the fortunate few... connections.

To acquire education, many... particularly the young of whatever Generative Appellation comes into vogue... are sent off to schools. The majority attend public schools (whose quality depends largely on ambient circumstances like location), other will opt for private educations (often with an historical, religious or partisan bent)... fewer still are home educated, although that might require hiding from the police.

A general education often ends at or around the age of eighteen – after which the student goes out and finds a job or, perhaps, joins the military. Higher education... at a public or private university... usually confers a degree that was believed to add a degree of value to their worth, but often requires a huge outlay of funds, often borrowed. There is a perception that some institutions of higher education are better than others – these usually cost more and often set applicants to compete against one another.

Not only the student’s future, but the parents’ reputation is often at stake.

Most Americans can find some college or university willing to take them – for a price. The United States has filled millions of professional openings over the years – frequently beneficial, occasionally not.

Sometimes an American will choose to be educated in another country... whether to add cachet to his or her resume, to study under world-renowned educators (or just start over after a disappointing tenure at home) or just for fun.

In our last issue, we noted some of the conditions and sudden problems, of the university system in India – the most populous nation in the world and an ascending economic power which, unfortunately, has many of the problems that have vexed Americans and other nations... decent and dedicated instructors hamstrung by arrogant, greedy and often corrupt “administrators” and, worse, a culture of corruption.

Many of India’s aspirants to the medical professions... a critical industry, both domestic and for the revenues earned by doctors, nurses and specialists from the subcontinent who choose to ply their trade in places where they can be better paid – like the United States... rose up in anger after the educational bureaucracy exceeded even the usual low expectations of the bureaucrats and fouled up their process so bad that millions who had taken and often passed their examinations were told that they labors had been wasted, as had the funds that self-sacrificing parents had invested in the prospects of a doctor or an engineer in the family.

We noted... based on numerous media accounts ranging from the jocular to dead serious (literally)... that instead of apologizing and at least attempting to correct their culture of incompetence, the bureaucratic class (particularly in the person of the country’s Education Minister, Dharmendra Pradhan).

Whereas many American students ease into their labors amidst the distractions of joining fraternities or sororities, following the university sports teams, partying... and that other obsession of young people... the trolled and often bankrupted Indian students did what students worldwide have done for centuries – they protested.

And the Administrators did what their kind usually do – denied the existence of the problem, called in police to beat up and lock up dissenters and maintain that everything was just fine, except for the handful of malcontents.

The response from Indian Chief Justice Surya Kant, calling the cheated and defeated students "parasites" attacking the system broke open the floodgates of resistance. "There are youngsters like cockroaches, who don't get any employment and don't have any place in the profession,” Kant sloughed off the critics, “(s)ome of them become media, some of them become social media, some of them become RTI (opposition political) activists, some of them become other activists, and they start attacking everyone."

Kant’s terminology was seized upon by the mob in the form of the Cockroach Janta Party, a grass-roots movement that the New York Times wrote as founded just two months ago that has come to symbolize the anger among India’s youth. It started in response to Kant’s rant comparing the country’s unemployed youth to cockroaches and parasites and, by June, the party announced a sit-in demanding accountability over the exam leaks.

As we left off last week, war was being waged with words and deeds. The Times reported that “chaotic scenes” were playing out on the streets of New Delhi as security forces used tear gas and batons to disperse tens of thousands of people marching on the Parliament in one of the largest protests against Prime Minister Narendra Modi’s government in years. “A smiling Mr. Modi, (who’d) arrived to open a session of the Parliament, tried to project an image of calm. He did not address the protesters’ demands directly, even as security forces struggled to hold back the crowds spilling onto the roads leading to the building.” The exact number of protesters injured was not clear, but Indian media reported that over 100 people had been brought to two hospitals in Delhi; police officials told Indian news outlets that at least 50 of their personnel were also injured and hundreds more arrested.

“The space for protest and dissent in India’s traditionally raucous democracy has shrunk significantly during Mr. Modi’s 12 years in office,” the Times reported. “His government has cracked down on dissent and put activists behind bars, creating a chilling effect on public opposition.”

But in the dog days of summer with ICE in America and mice in the halls of the Indian government squeaking their appeals for the cockroaches to shut up and crawl away, they remained and gained support – finally winning victory over the weekend with Pradhan’s resignation.

To discuss the movement and its future, TIME caught up with Mukul Kesavan, a historian, novelist, and one of India’s best-known writers (ATTACHMENT ONE) who called the movement “interesting” and... asked if the protests posed a threat to Modi’s regime... added that “it’s a movement of the urban salariat... very middle-class people; largely Hindus, very young, and theoretically “are the very basis of (Modi’s) political constituency?”

He speculated that the PM... like more than a few politicians in America, and elsewhere... is “an old, dysfunctional guy” and, asked about the future of the cockroaches, could only say that he was so “bewildered by the scale, intensity, and coming-from-nowhere part of this movement” that it now wasn’t clear to me “how it sustains itself or where it goes.”

As noted above, this Lesson is about money, who has it, who doesn’t... how the have less intend to take more via education or other means; and we can assess these factors by using a number of charts, graphs and listings breaking down the wealth of nations and of the people in those nations.

Visual Capitalist (Feb. 24^th, ATTACHMENT TWO) ranked national riches via data from McKinsey, for the world’s major economies (but not, unfortunately, India) by the per capita wealth of their top 1%, adjusted for purchasing power. The results revealed “a startling gap: while American elites lead the pack with $16.4 million in wealth, others (had) a net worth of less than a third of this.”

Their findings placed the United States as Number One for the top one percent average Per Capita Wealth (PPP) with – six months ago – an average of $16.4 M. Australia was a distant second at $10.6M, followed by Canada, Germany and France.

We also led in the share of the top one percent’s wealth capture at 35% of the entire plunder, second only to Mexico (smaller, poorer countries undoubtedly had higher percentages). Consequently, the bottom half of the people had only nine thousand in per capita wealth, far behind all others (except, again, Mexico – where the peasants are fleeing across the border to a better life in the USA... they might better consider the French or Australians, an aging Japan or even China).

“In fact,” the Viz Caps concluded, “China’s bottom 50% holds more wealth per person than the bottom half in the U.S., when adjusted for purchasing power.”

An AI Overview (ATTACHMENT THREE) found the global net worth threshold to enter the top 1% worldwide was approximately $870,000 to $1 million, “though requirements var(ied) drastically by country.” The United States threshold was approximately $13.7 million per household – of $5.8 million per individual. The top 1% of American households control roughly 31.6% ($49+ trillion) of total U.S. wealth and... until a series of unfortunate events (below) one man... the South African immigrant Elon Musk... held over a trillion or two percent of the total.

The tiny plutocracy of Monaco ranked just behind at $12.88M (USA) followed by the Swiss.

Mister Musk lost his trill (but not his status as the world’s richest) after a further decline in SpaceX shares on Monday cut his net worth by more than $20 billion, “lowering his fortune below the $700 billion threshold for the first time since December.” (Forbes, Wednesday, ATTACHMENT FOUR)

Forbes reported that SpaceX’s declining stock value comes even after the firm’s successful test launch of its Starship rocket on Friday, as Wall Street appeared to express caution ahead of the test: JPMorgan analyst Seth Seifman wrote in a note earlier in the week there would be “plenty of analyze” (sic) from the latest Starship launch, though the firm expected “progress and setbacks” across dozens of more launches through 2027.

WHAT TO WATCH FOR

Whether SpaceX shares fall below $100. Morgan Stanley analysts wrote Friday that threshold would imply investors would see no value in the rocket maker’s AI business. Still, some already see “zero or negative value” as the firm accelerates its spending on space and connectivity and “largely uncertain economics,” the analysts wrote.

BIG NUMBER

About $750 billion. That’s how much Musk’s net worth has declined since hitting a peak of $1.45 trillion on June 16. Around $116 billion of the decline is because Forbes removed Tesla options based on new vesting conditions agreed to by Musk and his automaker.

He still ranks well ahead of Google co-founders Larry Page ($268.5 billion) and Sergey Brin ($247.1 billion) as the world’s richest person.

KEY BACKGROUND

Musk saw his net worth reach multiple milestones throughout 2025, culminating in his trillionaire status following SpaceX’s initial public offering last month. He first crossed the $700 billion threshold in December, just days after reaching $600 billion, and hit $800 billion in February. A now-monthlong rout in SpaceX shares comes despite optimism from analysts, including former Wedbush Securities analyst Dan Ives, who argued Musk’s rocket maker is “well-positioned to become a major hyperscaler” across connectivity, rocket launches and AI infrastructure. Other analysts have pointed to the possible value of Starship’s potential: UBS analyst Gavin Parsons wrote the latest launch was important because it was “intended to validate” capabilities required of the rocket’s launch ramp, including booster engine relight ability.

An AI Overview (ATTACHMENT FIVE) of the richest indivicuals in the United States, now obsolete, ascribed “over $1 trillion” to Musk, with Page, Brin and Jeff Bezos closely grouped behind at roughly a quarter trill.

America’s political leaders (including President Trump, his predecessors and Cabinet; Senators, Congressthings, Governors and the Supremes) fall far behind the techies in personal wealth, but they’re not going to be scrounging for a family meal at McDonald’s anytime soon.

A Wiki database (also obsolete in that it was prepared between 2018 and 2021 with help from Open Secrets – ATTACHMENT SIX) listed the salaries of the House and Senate as a paltry $174,000 for the ordinary Senators and representatives, slightly higher for the majority and minority leaders, reaching a summit of $223,500 for the Speaker of the House (at that time, Nancy Pelosi).

Outside interests, however, elevated the wealth of a select few to multi-million, even near-billion status. The Leader of the Pack was Sen. Jim Justice (R-WV) who obtained his $664.2M as a coal miner’s daughter’s coal mineowning father; followed by two more elephants: storage king Jefferson Shreve of Indiana and healthcare administrator Rick Scott of Florida.

The wealthiest Democrat of a decade ago was Nancy Pelosi whose means of plutohood was simply “investments”.

A longer, but also obsolete (2012), list of richest American congresspeople with further data on the volume of reports, average wealth of the House ($6.6M) and Senate ($14M), by state and party, and by tenure.

“Mark Warner (D-VA) was the wealthiest Senator in 2012, with an estimated net worth of $257,481,658. Mark Pryor (D-AR) was the least wealthy Senator in 2012, with an estimated net worth of $8,500

“Darrell Issa (R-CA) was the wealthiest representative in 2012, with an estimated net worth of $464,115,018 David Valadao (R-CA) was the least wealthy representative in 2012, with an estimated net worth of -$12,167,002” (he’s since recovered, back into the black).

ARE BILLIONAIRES EVIL?

The Economics (ATTACHMENT EIGHT) replied that they were just “a policy failure” and liberal proposals to impose wealth taxes that “will stymie innovation and raise less revenue than supporters hope” because the majority “seem to have earned their mammon fairly, not from inheritance or political connections.”

Fairness, however, is complicated. Economists at The Economist consider hedge funds, crypto and other borderline scams to be fair game – even if the game is rigged.

THE FIRST and SECOND GILDED AGES

Wealth in America predates the 1776 revolution and was perhaps most visible in the time period after the Civil War to the turn of the 20^th century – popularly referred to as the Gilded Age.

History.com (Feb. 13, 2018, updated last May, ATTACHMENT NINE) dates the term to the satirical novel by Mark Twain wherein greedy, corrupt industrialists, bankers and politicians enjoyed extraordinary wealth and opulence at the expense of the working class.

Some of the driving engines of the Gilded Age were, in fact, engines... the Transcontinental Railroad, which facilitated travel and facilitated both the American supply chain and the settlement of the West.

Railroad and shipping tycoons like Cornelius Vanderbilt and Jay Gould were called “robber barons” and used “union busting, fraud, intimidation, violence and their extensive political connections to gain an advantage over any competitors. Robber barons were relentless in their efforts to amass wealth while exploiting workers and ignoring standard business rules—and in many cases, the law itself.”

Millions of domestic and foreign immigrants came to the big cities to work in factories and sweatshops, hastening the “urbanization of America”. They worked long hours for little pay, lived in filthy tenements and some of their children and grandchildren struggled upwards – others didn’t

Defenders of the capitalists like Andrew Carnegie, John D. Rockefeller and Henry Frick responded that they made America great and were often generous philanthropists (especially after death) – funding libraries, hospitals and universities while also living lives of luxury in gaudy mansions. The Economist also assessed the effects of Social Darwinism, media “muckrakers”, the violent birth of unionism and a technological revolution that brought electricity, telephones and a sea-change in the status of women (led by activists from Suffragete Susan B. Anthony to Prohibitionist Carrie Nation).

The Economist dated the death of the Gilded Age to the Panic of 1893 where mass business failures led to a depression that would last for four years. Angry Americans became Populists or Progressives... honest politicians like Theodore Roosevelt imposed reforms that limited the power of the robber barons (and also forestalled the Communist revolutions springing up elsewhere across the world).

Some of these, like the Socialists (allegedly small “d” democratic) at Liberation News offered an alternative view of the Gilded Age while also mentioning the effects of technology, immigration and labor. (AI Overview, ATTACHMENT TEN)

Their issue of July 23^rd contended that America is now entering a Second Gilded Age with the defining moment being the Trump v. Slaughter decision giving the Executive Presidents the right to fire federal regulators... including workers in the other two pillars of authority, the legislative and judicial.

Coming on the heels of the Citizens United decision, effectively legalizing political corruption through the tidal wave of green and dark money, Slaughter ruled that Congress had violated the Constitution in 1914 when it limited the President’s ability to fire FTC leaders.

CAPITALISTS WANTS TO ROLL BACK THE NEW DEAL

Slaughter paves the way for “a whole new level of direct corruption in Washington, the further erosion of safety standards, assaults on union rights, and the deregulation of Wall Street and Corporate America as a whole,” predicted the Socialists – calling in part and parcel of “Project 2025,” the overall vision of the far-right section of the ruling class “to eliminate the liberal reforms of the progressive, New Deal and Civil Rights eras and reinstall a form of governance of unregulated and unrestrained corporate power; a core feature of (which is) unrestrained presidential power.”

Objectivists (probably not of the Rand Paul sort) might argue the takeover moot given Presidential dominion over all three branches of gumment, but Republican fears of losing the house and maybe the Senate in November accelerate the MAGA need to protect their sway over “the main regulators of financial markets, including the Federal Trade Commission, the Security and Exchange Commission, the Commodities Futures Trading Commission, and the Public Company Accounting Oversight Board,” and the people’s need to protest this consolidation of control and corruption.

The Liberationist predict that the FCC “could eliminate the broadcast licenses of outlets that the president disapproves of,” and warns of implication for Federal Energy Regulatory Commission and Nuclear Regulatory Commission, the National Transportation Safety Board, the Consumer Financial Protection Bureau, the National Labor Relations Board and the Equal Employment Opportunity Commission.

The Liberationists added that Justice Sonia Sotomayor’s dissent “correctly states that without functional independence from political pressure, regulatory agencies cannot perform the core functions given to them by Congress,” and can only be understood “in the trajectory of U.S. capitalism and the creation of a New Gilded Age.”

Ballroom and all!

The DJI’s putative independent Presidential candidate – Jack (the Catfish) Parnell – opined as much Chapter Five in his episode of “Entropy and Renaissance” (see Generisis.com’s E&R: “On Productive and Degenerate Capital” as ATTACHMENT ELEVEN). A strange concurrence, however, was even promoted by the George W. Bush (Senior) Institute through an AI overview toting up arguments for and against the billionaire boys’ club and Issue 36’s “In Defense of Billionaires” by James Pethokoukis (Fall 2025, ATTACHMENT TWELVE) opined that “banishing” entrepreneurs like Bill Gates (or Musk or Bezos – given warnings that wealth caps or confiscatory taxation would simply invite them to relocate themselves, their companies and their jobs to some more amenable foreign clime) would mean banishing the positive-sum process that is essential to sustained and dispersed economic growth in the United States as opposed to the sclerotic EU plutocracies “where fortunes tend to accrue through inheritance or luxury brands” or dictatorships... ranging from Mexico to Russia... where wealth is amassed (if not necessarily created) by “one-time privatization deals, political protection, or monopolies on certain natural resources.”

Such fortunes, “which stem from appropriation, not innovation, breed cynicism, anger, and disaffection in the countries where they exist”... represent what scholars Daron Acemoglu and James Robinson termed “extractive” systems, in which the elites can enrich themselves by capturing the state or monopolizing its resources, stifling innovation and broad-based prosperity.

The existence of “rent-seekers abroad” is no reason to hobble productive entrepreneurs in the United States,” Pethokoukis contends but, however, with a caveat... his defense of the uberwealthy as enriching America against the riotous roars of the rabble and “negative consequences of demonizing private fortune” also contained this important coda of discrimination:

“Rather than condemn all billionaires, we would be far better off broadly distinguishing between two different types: productive billionaires, who build enterprises that generate widespread prosperity; and rent-seeking billionaires, who extract gains through political favoritism, resource monopolies, or financial gimmickry. The former can be paragons of economic dynamism; the latter, parasites on it. Lazily lumping the two together and treating them the same obscures reality and invites policies that would imperil innovation-driven economic growth.”

The old-school billionaires beloved by Old Right Republicans defend inequality in terms of productivity (...(i)t’s true that some of the 0.01% spend some of their cash on elaborate doomsday bunkers in Hawaii or New Zealand, (but) they plow much more money back into their businesses, and a hefty chunk into philanthropy as well).

What Pethy calls the “Blade Runner fallacy”... offshore (or even, off-planet) escape for the upper classes... is delusional, even considering Musk’s half-serious proposal for colonies on Mars.

“Billionaires, at their best, are not evidence of capitalism gone wrong,” he concludes. “They are evidence that capitalism is working.”

But back up a smidgen to that nefarious “0.01” doomsday escape artists or the admittedly larger proportion whose accumulation of wealth by rent-seeking or phynancial parasitism was noted, above, as was the tendancy of the hyperprosperous to give back some of their loot in charitable donations. How does that jive with reality?

Well...

Influenzers to the Bush Institute on Reddit included one named “Annual Necessary” – a numbers cruncher who cited a constant decrease in capital utilization (which indices reflect how efficiently capitalists allocate capital). (ATTACHMENT THIRTEEN)

“In 1967, the U.S. economy used 88% of its capital capacity, while in 2022, this number decreased to 78%. This means capitalists are performing their role less effectively. Currently, 22% of capacity is unused. It would be acceptable if this number at least stagnated, but the slow, constant fall suggests that capitalists are performing worse over time,” while “(w)orkers’ productivity is still growing; however, real wages are slightly lower than productivity.”

Jonathan Michie’s online essay on “the degeneration of capitalism from a system of production to a speculative orgy” (reviews Jan. 29, 2020 via booksellers Taylor and Francis: ATTACHMENT FOURTEEN) compares predictions, exhortations and admonitions from as disparate in time and space as Karl Marx, the post-Gilded Age populists and progressives, New Deal regulatory agent John Maynard Keynes and the disregulators... from Ronald Reagan and Maggie Thatcher up to the present.

That fundamental driving force of the system to produce more and more, on an ever-expanding scale, to out-compete your rivals... as dominated the (First) Gilded Age) “lost its primacy long ago,” Michie contends.

Refuting the defenders of pure (productive and degenerate capitalism) Michie now believes that, today, a large part of that energy and action “goes on speculation and deal-making, trying to grab a bigger size of the existing pie – baked by someone else – rather than contribute towards the production or creation of new goods and services.”

After Ron and Maggie’s era of “deregulation, privatisation and free-market globalization,” provoked the recession of 2007-9, the subsequent decade saw the costs of the speculative failures transferred to the mass of the population via the politics of austerity, whilst corporate leaders continued along the trajectory of speculation and deal making, with no serious attempt to realign the economy to focus on what Michie said needed to be a Green New Deal – with the economy further regulated by the ecology.

“Instead, a major focus continues to be the ‘rent seeking’ search for new areas of society where existing activities can be monetised, with the anticipated revenues and profits speculated on through bond and share sales. There is less focus on the intrinsic merits of the new ‘product’, and more on the likely movement of the newly issued shares, with money to be made from the process of speculating on such movements, quite apart from the gains to be made from those who guess right. (The costs of guessing wrong are often passed on to others, through ‘limited liability’, or being ‘too big to fail’.)

Added to their passion for bloated costs of stolen equity, today’s political, economic and media elites have kicked the whole concept of climate change aside in the six years since publication of Michie’s essays, despite current evidence to the contrary... it’s hot!... while those already on the brink of the survival cliff try to struggle by using a variety of means: DINKs (with or without kids as women increasingly join the workforce), the “informal economy” (aka crime), migratory remittances and charity.

Through big words, complicated concepts tested in obscure studies by (well-paid) academicians and pipe-dream politics (“the economy needs to be redirected, away from financial speculation, monetisation of as many activities as can be profitably exploited, and deal making, towards a focus on human wellbeing and environmental and social sustainability”) Michie asks for a return to “a focus on actual outcomes, in terms of goods and services, within the context of the climate crisis whereby production needs to be sustainable, so that the focus shifts to the quality of life and human wellbeing, rather than increased economic growth for its own sake.”

As for solutions... well, at maximum effect... E&R (above), past Lessons from the DJI and numerous instances of partisan combat between capital and labor, workers and administrators and believers (in anything from health to Jesus to Trump) versus denialists have all played their part in the politics of the present.

Given the escalating prosecutorial appetites of the current three-tiered (executive, legislative, judicial) regime for prohibiting or even criminalizing speech (as, for example, GUK’s account Minnesota professor Erik Davis, facing six years for allegedly joining antifa protests, and calling ICE SLAPP prosecutions “petty revenge”: ATTACHMENT FIFTEEN), let’s just associate the following AI overview with remarks by Mick Jagger and Keith Richards; controversial – but they can hardly be described as proletarian. They just play in a rock and roll band...

An AI Overview on That Prospect... (ATTACHMENT SIXTEEN) contends that prospects of a (REDACTED) happening in the U.S. is uncertain, but analysts note growing political polarization, institutional distrust, and executive overreach as key risk factors. While some think tanks warn of systemic political transformation, most experts view a traditional violent uprising as unlikely.

None other than Katie Couric’s Media podcast of July 13^th, Bastille Day, took the anniversary to warn that (redacteds) may have consequences not all of their supporters anticipated or desired. Her operative, attorney Glenn Sonnenberg, recalled that the attack on the Bastille… a prison holding captives by order of the King for their politics, rather than for “traditional” crimes… ended the Bourbon monarchy, “leading to the execution of the King and the Reign of Terror, during which over 40,000 people were executed or died in prison. Eventually, the Terror gave way to the Directory, then the Empire of Napoleon, the Napoleonic Wars, and the eventual restoration of the monarchy. The 19th century did not bring respite to the French people, who suffered through more revolution and successive wars that didn't abate until after the Second World War.”

Sonnenberg added that the bloodthirsty Robespierre never anticipated that the Revolution ultimately would call for his head.

He denounces populism – whether of the radical right or Socialist left – is an abundant evil that may lead to the decay, perhaps even death of democracy in the U.S.A. at the hands of either President Trump and his ICE capades or New York’s Zorro and his rent control radicals. He compares them to the guillotine Galahads of Paris and concludes with Albert Camus, who wrote that: “The French Revolution gave birth to no great artists…The only poet of the times was the guillotine.” And as Robespierre observed, “Terror is only justice: prompt, severe and inflexible…” Hardly words upon which to build a just future. Instead, Populism in America today “capitalizes upon the desire for visibility among those who feel invisible. If we take their frustrations seriously, we can choose reform over revolution — and spare ourselves the cost that history so often demands after the latter.”

Then again, some of the haves have no interest in giving up even a fraction of their wealth and power and, instead of reform or revolution, choose repression – as is on display in Iran.

Democracy Without Borders (February, ATTACHMENT EIGHTEEN) cited largely liberal sources such as the World Inequality Report, Oxfam, and G-20 whose general concurrence was that extreme wealth inequality would engender despotic, rather than democratic change.

BILLIONAIRES INCREASED THEIR WEALTH BY OVER 80% IN FIVE YEARS

The G20 committee confirmed that global income inequality remains extremely high, with a global income Gini coefficient of 0.61. It reports that 83% of countries, accounting for 90% of the world’s population, have high income inequality, defined as a Gini above 0.4.

The World Inequality Report 2026, published shortly after the G20 committee report, reached a similar conclusion about the persistence of extreme disparities. It found that global income inequality remains at very high levels and emphasized that these outcomes were shaped by political and institutional choices rather than economic inevitability. The report warned that such concentration risks undermining democratic accountability and social cohesion.

Oxfam emphasized that the wealth surge at the top coincides with widespread hardship. For instance, one in four people globally faces moderate or severe food insecurity, and 2.6 billion people cannot afford a healthy diet. The G20 committee report also noted that food insecurity is up by 335 million people since 2019.

INTERNATIONAL PANEL ON INEQUALITY RECOMMENDED

Further, the World Economic Forum’s Global Risks Report 2026 identified inequality as one of the most interconnected global risks, linking it to social fragmentation, political instability, and weakened governance. All of these, and others asked for an International Panel to be convened.

As for action… well, maybe later.

Included as attachments “A” through “F” are Gini tables on equality by country (South Africa worst, Slovakia best) by states (Puerto Rico and New York worst, Utah best), a list of the richest American corporations, the Forbes 400 richest people, the Quiver Quantitative list of the richest American politicians and the latest polling data from Real Clear Politics.

IN the NEWS: JULY 24, 2026 TO JULY 30, 2026

Friday, July 24, 2026

Dow: 51,917.81

Rich white student liberals in trendy Madison, Wisc. hold rallies to support a black career criminal who stabbed a policemen and was... surprise!... shot and killed. All the usual suspects fly to Madison form Mississippi and Minneapolis – Ben Crump, a thin Al Sharpton sorely in need of hydration. The Salgando Araujo shooting in # has raised the issue of whether migrants attempting to escapt can be shot for resisting arrest when the police charges of self defense are ludicrous. The family says he was afraid that the unmarked police were carjackers.

On the 13^th day of war since the cease fire fails, President Trump and (now officially) WarSec Hegseck move men and material to Iran and/or the newest front, Yemen, Many threats, little action as oil prices top $100/barrel and gas hits $5.83 average in California, many places over $6. And now Trump has a new enemy: Canada! (The voices in his head say they deliberately set wildfires to poison Americans.)

It’s another hot week here, there and everywhere. The wildfires in Europe are bigger than those in Canada, even, with a third of a million evacuations and fear that fire will consume the French wine country, forcing sophisticates to drink... beer! Here, the wildfires are blanketing Colorado and Missouri while flash floods , hail and tornadoes celebrate. Sharks, too! Tropical storm Bertha staggers into Houston, then dies.

Saturday, July 25, 2026

Dow: Closed

Pete and Donnie deny that the US is running out of arms – specifically the multi-million dollar interceptor missiles that target $50,000 Iranian drones. Pentagon leakers say that the USA is letting some of the Iranian drones and missiles crash to earth in adjacent countries so long as there are no troops in harm’s way but it’s the U.S. who shoots at a ship trying to traverse Hormuz.

With missile exchanges paused, Trump takes the opportunity to go back to the National Correspondents’ Dinner, pushed forward after a failed assassination attempt. Most of the media denounce him, albeit in a jocular manner and he jokes back. No violence reported.

But in Berlin, a deadly driver rams the Gay Pride parade, killing three and wounding 17. Euroheat escalates and the Tour de France is shortened. American violence is rhetorical – it’s now 100 days to the midterms, and both parties are scrambling. In S. Carolina, ‘Pubs favor Lindsey Graham’s sister to succeed him while, in Maine, the asses say liberal lumberjack Troy Johnson is OK.

Sunday, July 26, 2026

Dow: Closed

It’s Talkshow Sunday and ABC tabs Sen, Chris Van Hollen (D-Md) and Rep. Mike Turner (R-Oh) to argue the merits of the Iran War. Van Hollen believes we are running out of materiel and says Trump does not have, and never did have a coherent plan – he was just led around by the nose by Netanyahu who is also throwing boiling water (not cold, no!) on the US/Saudi deal to kick off the Sunni nuclear deal .

Turner says that Trump is being very methodical while the goal remains no nukes for Iran. Van Hollen is a fool and a coward because Iran is the snake in the grass and will return to making nukes if America quits. Next is a plan to make US allies stop buying Iranian oil.

The roundtablers tackle the midterms with Republican RINO Chris Christie who says that POTUS is just bored. Liberal Donna Brazile says we should be more supportive of veterans while Mary Bruce says Trump flip flop on Saudi nukes will cause Maine to dump Susan Collins and Chritie says that Republicans are conflicted over whether to go down with their Donald.

The Bern comes to “Face the Nation” to speak out against the war. “Let’s negotiate, stop the killing and lower gas prices.” Supports Jackson while Collins supports the billionaire class and says that people are sick and tired of Rahm Emanuel calling Democrats “Communists”. UN Ambassador Mike Waltz says Trump is a “President of Peace” and the lack of military gear is a nonsensical lie.

The Hill roundtablers say that the problem with the Iran war is that... “there are many problems.” Wall Street Journal’s Kyle Peterson waxes historic, raising the war on the Barbary pirates “on the shores of Tripoli.”

Monday, July 27, 2026

Dow: 52,210.08

It’s a happy first Birthday for Punch the Monkey.

Stocks rise amd oil prices fall on Iran war pause but gougers raise prices at the pump 12¢. Trump tribute to the four dead American soldiers but he renames “death toll” to “Overseas Operations” casualties.

The war comes to Seattle where, after two daredevils jump off the Space Needle, a 15 year old and unknown accomplice kill three and injure five, including a two year old at the Space Needle food fest.

But Americans, bless their congested li’l hearts, are occupied with sports and movies. Lebron James will go to Philly while Caitlin Clark and Jonquel Jones star in Team Spoon’s 127-122 WNBA all star game win over Team Coop. MLB nominates Andruw Jones, Carlos Beltran and Jeff Kent to the Hall of Fame; NFL, college and high school football teams start training for fall.

“Odyssey” wins second B.O. with $87M as “Toy Story Five” passes a billion. On the way is Black Panther Three with David Johnson starring, Ryan Godling in Ghost Rider sequel and the “Avengers Endgame” encore returns in September.

Tuesday, July 28, 2026

Dow: 52,747.32

It’s allegedly Milk Chocolate Day” but the wet stuff is making what weatherpeople call of the United States “a state of disaster”. Flash floods in the Northeast toss cars “like toys”, 540K lose power. “It’s like some dinosaur stomped on everything!” BosWash is under water from training rains of five inches perhour in NYC, 1700 flights are cancelled and 9000 delayed as far west as Chicago – not to mention all American Airlines flights due to “tech issues”.

It’s no better overseas. Fires in Europe prompt millions of evacuations, destroy expensive vineyards in France (cheaper ones in Spain) and a 6.8 EQ strikes Japan 500 mi. SW of Tokyo as malls collapse.

Despite the weather, a solemn but spectacular funeral is held for Sen. Lindsey Graham (R-SC) as bipartisan colleagues hear Trump’s oratory and President Zelenskyy and PM Netanyahu attent (and hold strategy conferences with POTUS after. High on the agenda is an American proposal to supply nuclear power to the Saudis, but not weapons (yet). Iran, who hated Graham like all Western infidels, denies the reports of “friendly talks” and the bombings and droning soon resume.

Wednesday, July 29, 2026

Dow: 51,594.14

It’s National Chicken Wing Day under a bright Buck Moon (except where it’s raining) but the chickens are eaten and the hawks fly out as President Trump officially cancels the two day cease fire with Iran with the backing of visiting Bibi and Zelenskyy – who says that Russia and Iran are drawing closer and closer was the jihadists in Tehran say Americans are the chickens, and will be eaten (but there is no word on whether Russia is supplying them with nukes – yet.”

Economic issues arise, mixed with global politics, as Trump imposes a ban on Chinese humanoid robots (that some rich, lonely perverts are using as sex toys) while Rand Paul’s investigation of old, retired Dr. Fauci reiterates his failure to recognize that the plague was not transmitted by animals but manufactured in Chinese labs as an act of war.

Team Trump lashes out at sick old people, cutting Medicare drug subsidies whom Dr. Oz says will have to pay more for their pills; against migrants... even sock puppet Gov. Mike deWine (R-Oh) complaining that mass deportations of Haitians is hurting the right wing businesses that depend on their cheap labor... as many flee to Canada; but is backstabbed by his own new Feddie Warsh who refuses to lower the interest rates and douses the Dow.

Swimming against the downward tide. Apple’s profits are soaring and they introduce a plan to rent phones to Americans who can’t afford to buy them. Critics ask who will own and what will happen to the data when they are turned in or repossessed, fearing merching to telemarketers and identity thieves.

Thursday, July 30, 2026

Dow: 52,208.06

The week ends as it began – fires, floods, tornadoes here and overseas where there is also war. Diseases. Toxic smoke, a bouncing but inflationary economy; plattnering politicians, sex robots. mass shooters and the sun.

The corpse of Lindsey Graham moves on from Washington to South Carolina for a family service while Israeli PM Bibi and Uke President Zelenskyy stay behind and lobby President Trump for more support. Iran attacks the Egyptians while angry Russia bombs Poland, potentially setting off World War Three, but Trump is relaxed; saying that peace is just around the corner in both Lebanon and Kyev while the Distracticons sweep in and order the sheep to gask and gawp and gape as former QB Tony Romo is arrested for... oooh!... possession of an Open Container in his vehicle, the Children of America are menaced by... aaaah!... exploding squishy toys that afflict some with disfiguring burns, and Spider Man casts his web around... surprise!... the producer of the “Joker” movies – arrested for masterminding a Ponzi scheme – while a failed Hollywood development is turning into a coyote condo, endangering the celebrities and their little dogs too! AAAAH-OOOH!...

Even Vegas and Phoenix endure/enjoy record 116° temperatures; floods sweep away children in New Jersey and a rogue giant water bottle rolls away with Katy Perry. ICE promotes its 287G initiative to cooperate with local police – all of whom insist that they are are not hunting down and rounding up brown-skinned people but focusing on “the worst of the worst” to fill their four new giant prison. (Except, of course, the Haitians – Presidential darkseider Stephen Miller declaring that “America’s doors are now closed to asylum seekers – permanently!”)

And, on Monday, America goes Back To School!

The Dow was volatile, rising and falling hundreds of points on news from Iran and the Fed, ending up slightly up. The Don, however, closed less than a point down from its 7/24 listing in a nearly perfect balance of good and bad numbers.

ECONOMIC INDICES (60%)

CATEGORY

VALUE

BASE

RESULTS by PERCENTAGE

OUR SOURCES and COMMENTS

INCOME

(24%)

6/17/13 revised 1/1/22

LAST

CHANGE

NEXT

LAST WEEK in June (6/26)

Original Reconfig.

JULY 10th

Original Reconfig.

JULY 17th

Original Reconfig.

LAST WEEK

Original Reconfig.

THIS WEEK

Original Reconfig.

THE WEEK’S CLOSING STATS...

Wages (hrly. Per cap)

1350

7/24/26

+0.29%

8/26

1,904.26

1,909.78

1,353.92

1,909.78

1,353.92

1,909.78

1,353.92

1,909.78

1,353.92

https://tradingeconomics.com/united-states/average-hourly-earnings 37.64

Median Inc. (yearly)

600

7/24/26

+0.063%

8/6/26

1,472.81

1,473.51

1,474.31

600.80

1,475.24

601.18

1,475.93

601.46

1,476.86

601.84

http://www.usdebtclock.org/ 67,937 974 8.017 8,049 092

Unempl. (BLS – in mi)

600

7/24/26

+2.38%

8/26

542.60

555.52

614.28

555.52

614.28

555.52

614.28

555.52

614.28

http://data.bls.gov/timeseries/LNS14000000/ 4.2

Official (DC – in mi)

300

7/24/26

-0.014%

8/6/26

216.79

216.76

216.73

299.92

223.51

309.31

223.48

309.27

223.45

309.23

http://www.usdebtclock.org/ 7,317 318 096 097 098

Unofficl. (DC – in mi)

300

7/24/26

-0.007%

8/6/26

260.14

259.98

259.80

299.62

246.50

284.28

246.48

284.26

246.44

284.24

http://www.usdebtclock.org/ 13,180 189 891 892 894

Workforce Participation

Number

Percent

300

7/24/26

-0.0005%

-0.0281%

8/6/26

295.83

295.82

295.81

299.98

294.60

298.75

294.60

298.74

294.52

298.66

http://www.usdebtclock.org/ In 162,727 718 212 195 2172 Out 105,169 209 5,984 5,977 6034 Total: 267,869 927 8,196 172 8,206

60.748 .732 .483 .482 465

WP % (ycharts)*

150

7/24/26

-0.485%

8/26

149.98

149.25

149.27

149.25

149.27

149.25

149.27

149.25

149.27

https://ycharts.com/indicators/labor_force_participation_rate 61.50

OUTGO

(15%)

Total Inflation

1050

7/24/26

-0.4%

8/26

901.77

1050

905.38

1052.10

905.38

1052.10

905.38

1052.10

http://www.bls.gov/news.release/cpi.nr0.htm +0.5 -0.4 nc

Food

300

7/24/26

+0.2%

8/26

257.37

300

256.86

299.40

256.86

299.40

256.86

299.40

http://www.bls.gov/news.release/cpi.nr0.htm +0.2 .2

Gasoline

300

7/24/26

-9.7%

8/26

181.96

300

199.61

320.10

199.61

320.10

199.61

320.10

http://www.bls.gov/news.release/cpi.nr0.htm +7.0 -9.7

Medical Costs

300

7/24/26

-0.1%

8/26

267.14

300

267.41

300.30

267.41

300.30

267.41

300.30

http://www.bls.gov/news.release/cpi.nr0.htm +0.5 -0.1

Shelter

300

7/24/26

+0.1%

8/26

238.38

300

238.14

299.70

238.14

299.70

238.14

299.70

http://www.bls.gov/news.release/cpi.nr0.htm +0.3 .1

WEALTH

(6%)

Dow Jones Index

300

7/24/26

+0.96%

8/6/26

400.43

410.82

400.18

299.80

400.68

300.17

394.27

295.37

398.06

298.21

https://www.wsj.com/market-data/quotes/index/ 52,900.07 52,487.41 52,552.97 51,711.65 52,208.06

Home (Sales)

(Valuation)

150

7/24/26

-1.92%

+2.63%

8/6/26

137.08

155.60

154.17

134.49

140.69

152.61

158.23

134.49

140.69

152.61

158.23

134.49

140.69

152.61

158.23

https://www.nar.realtor/research-and-statistics

Sales (M): 4.17 4.09 Valuations (K): 429.3 440.6

Millionaires (New Cat,)

150

7/24/26

+0.066%

8/6/26

137.58

137.65

137.72

150.15

137.81

150.25

137.88

150.32

137.97

150.42

http://www.usdebtclock.org/ 24,315 328 344 356 372

Paupers (New Category)

150

7/24/26

+0.039%

8/6/26

134.77

134.73

134.69

149.92

134.64

149.86

134.61

149.82

134.56

149.76

http://www.usdebtclock.org/ 36,955 966 980 989 003

GOVERNMENT

(10%)

Revenue (trilns.)

300

7/24/26

-0.083%

8/6/26

484.29

484.99

485.69

300.85

486.56

301.39

487.17

301.77

485.91

301.61

http://www.usdebtclock.org/ 5,572 580 590 587 565

Expenditures (tr.)

300

7/24/26

+0.083%

8/6/26

287.56

287.40

287.16

299.59

286.92

299.34

286.44

298.86

286.20

298.61

http://www.usdebtclock.org/ 7,225 231 237 242 248

National Debt (tr.)

450

7/24/26

+0.244%

8/6/26

345.28

345.05

344.44

448.90

344.15

488.49

448.49

343.17

486.23

446.23

342.33

485.04

http://www.usdebtclock.org/ 39,357 427 460 616 713

Aggregate Debt (tr.)

450

7/24/26

+0.240%

8/6/26

354.13

353.42

352.67

448.15

351.82

447.07

350.33

445.20

349.49

444.13

http://www.usdebtclock.org/ 112,648 887 3,159 3,365 3,638

TRADE

(5%)

Foreign Debt (tr.)

300

7/24/26

+0.084%

8/6/26

253.65

253.52

252.18

295.57

251.07

294.27

248.81

293.90

248.60

293.65

http://www.usdebtclock.org/ 9,497 502 544 550 558

Exports (in billions)

150

7/24/26

-2.87%

8/26

203.57

150

197.73

145.70

197.73

145.70

197.73

145.70

197.73

145.70

https://www.census.gov/foreign-trade/current/index.html 327.1 317.7

Imports (in billions))

150

7/24/26

+3.12%

8/26

134.69

150

130.49

145.32

130.49

145.32

130.49

145.32

130.49

145.32

https://www.census.gov/foreign-trade/current/index.html 383.0 395.3

Trade Surplus/Deficit (blns.)

150

7/24/26

+27.96%

8/26

253.48

150

182.61

108.06

182.61

108.06

182.61

108.06

182.61

108.06

https://www.census.gov/foreign-trade/current/index.html 55.9 77.6

SOCIAL INDICES

(40%)

ACTS of MAN

(12%)

World Affairs

450

7/24/26

-0.2%

8/6/26

468.20

466.24

448.20

466.24

448.20

466.71

448.65

465.88

447.76

Eurofires cause 130K evacuations in France where the Tour de France is shortened and expensive vineyards destroyed, 70K in Spain. Pride Festival in Berlin rammed, a Polish woman killed, 31 injured – suspect...

War and terrorism

300

7/24/26

-0.2%

8/6/26

281.19

280.63

280.07

298.80

280.07

298.80

279.45

298.22

278.89

297.62

... described as Islamic militant who hates the queers and is killed by the police. Seattle Space Needle shootings called a gang dispute with collateral damage, but Upper West Side NYC stabbings called “hate crimes”. Resumption of Iran war raises oil prices to $85.47 per barrel (WTI) or $90.12 (Brent), gas to $4.11/gal.

Politics

450

7/24/26

-0.1%

8/6/26

451.95

450.15

448.20

450.15

448.20

449.70

447.75

449.25

447.30

Crime, war and the kitchen table in play as the midterms are now less than 100 days off; rich students in Madison protest killing of black police stabber and SC chooses Lindsey Graham’s sister as successor while OK Maine lumberJackson replaces oyster farmer Platner. Senate confirms Jay Clayton as Intel Chief on 51-47 party line vote but defiant ‘Pubs stall Blanche bid to stop “Acting”. While Dems destroy themselves with infighting, ‘Pubs fear a blue wave due to unpopular actions like...

Economics

450

7/24/26

-0.2%

8/6/26

426.64

427.49

426.64

450.00

426.64

450.00

426.21

449.55

425.36

448.65

...President Trump starting tariff war with Canada that imposes stiff penalities on hockey sticks, canceling green grants to blue states, but not red, declaring Museum War on the Smithsonian for not being “inspiring enough”, “untrue” and “insane”. “Cracker Barrel” replaces the CEO who tried to purge Uncle Herschel, BuzzFeed cuts 35% of worksorce and VISA fires 2,600.

Crime

150

7/24/26

+0.1%

8/6/26

201.94

201.74

201.34

149.55

201.34

149.55

201.14

149.40

200.94

149.25

Son of KC Chiefs’ offensive coach Eric Bienemy shoots mom to death. Nasty nurse molests two teen boys in Boston who complain to parents and police. NC Dirty Devils stab man (women) and woman (man) in different locations with (different) pitchforks.

ACTS of GOD

(6%)

Environment/Weather

450

7/24/26

-0.1%

8/6/26

277.49

276.96

275.85

447.30

275.57

446.85

275.57

446.85

275.29

446.40

Worldwide heat dome broils USA, Europe and more. Tornadoes batter Wisconsin and Illinois, heat records broken from Denver to Memphis; 108° in Minneapolis, and flashflooding in NYC metro. Apiaries denounce popular pesticides that are exterminating honeybees.

Disasters

450

7/24/26

+0.1%

8/6/26

463.09

462.16

463.08

450.00

462.62

449.55

462.62

449.55

463.06

450.00

Two more strong hurricanes in Pacific as Atlantic remains quiet. Death toll from Japanese EQ passes two dozen. Hero 16 year old lifeguard rescues 10 year old from rough surf in Santa Cruz, CA. Diddy in jailhouse brawl; sent to solitary as his chances of a Trump pardon wither.

LIFESTYLE/JUSTICE INDEX

Science, Tech, Education

600

7/24/26

8/6/26

617.97

617.35

599.40

617.97

600.00

617.97

600.00

617.97

600.00

Space X breaks losing streak with successful test launch and return to prepare for 2028 moonshot but telescopic robot flies out of order. Schools begin Monday; administrators removing AI tech robots made by sex toy manufacturers.

Equality (econ/social)

600

7/24/26

-0.1%

8/6/26

671.70

672.37

673.71

601.80

675.06

603.00

675.06

603.00

674.40

602.40

Record in-person and media turnout for WNBA all star game and Barack Obama meets and greets the playets. ICE to open four more superprisons which critics say means more racial profiling, hunting, locking up and killing just as protected status sends America on a Haitian hunt.

Health

600

7/24/26

-0.1%

8/6/26

412.58

411.75

440.90

595.69

440.46

595.06

440.46

595.06

440.02

594.46

Climate change increasing mosquitoes, hence West Nile Virus that joins Cyclo, Bird Flu, monkeypox, Legionnaire’s and Lyme disease, as Sen. Rand Paul and Dr. Fauci debate past plague. Cancer survivors Bill & Melanie Shat start podcast as TV docs say losing weight raises chances of sex & pregnancy and doctors and police unite to merch “Habit Control” safes that lock up unhealthy and/or sinful fatty foods, videogames and other instruments of decadence. FDA approves single pain relief combining naproxen and tylenol. Add to Cyclo lettuce recall (12K cases, 98 hospitalized) 19M salmonellic eggs and 318M BMWs with fiery starters.

Freedom and Justice

450

7/24/26

-0.1%

8/6/26

478.24

450

477.76

449.55

477.76

449.55

477.28

449.10

In the courts, old cases (Nancy Guthrie, Salman Rushdie, Kohberger, Nolan Wells ) and new (pedo manfluencer Tate Bros., child strangler Lindsay Clancy in Mass., trunk musician D4VD) while killer (but acquitted murder) Karen Read, merches her biobook. Father son killer/gunbuyers Colt (life without for four in Apalachee school and Colin (15 years) Gray sentences

CULTURAL and MISCELLANEOUS INCIDENTS

Cultural incidents

450

7/24/26

+0.1%

8/6/26

595.25

595.85

450.45

595.85

450.45

595.85

450.45

596.45

450.90

Ariana Grande releases new album but it’s already been hacked and stolen; the Olding Stones “Foreign Tongues” with Sir Paul McCartney who also sings on SNL. On Broadway, get ready for Prince impersonators in “Purple Rain” while, at the movies, B.O. champ “Odyssey” will be challenged by the latest Spider Man; more sequels like “Black Panther Jr.” will pounce in 2027.

Box office receipts up; still lower than pre-plague but merchers are rolling in dough (or, rather, kernels) selling themed popcorn buckets that collectors paying $70 for as origian Batman, Iron Man and Travolta costumes go up to auction. MLB HoFame inducts Andrus Jones, Carlos Beltran and Jeff Kent while ICE deports Colts’ linebacker Daniel Ogama Adongo back to Kenya and 42 year old Lebron James signs to play for Philly.

RIP: Irish songwriter Glen Hansard, NFL Chargers’ Billy Ray Smith.

Miscellaneous incidents

4%/3%

450

7/24/26

+0.1%

8/6/26

553.95

554.50

450.45

555.05

450.90

555.05

450.90

555.61

451.35

“Chatfishing” is latest dating app – promising talk, but no action. Deer overpopulation in Massachusetts engenders an obvious solution – venison stew (with baked beans). Dog missing in time and space returns after five years and 600 miles. And lucky lotto winner in Florida cashes in on $800M jackpot.

The Don Jones Index for the week of July 24th through July 30th, 2026 was DOWN .69 points (standard configuration); 3.29 by the reconfigured.

The Don Jones Index is sponsored by the Coalition for a New Consensus: retired Congressman and Independent Presidential candidate Jack “Catfish” Parnell, Chairman; Brian Doohan, Administrator. The CNC denies, emphatically, allegations that the organization, as well as any of its officers (including former Congressman Parnell, environmentalist/America-Firster Austin Tillerman and cosmetics CEO Rayna Finch) and references to Parnell’s works, “Entropy and Renaissance” and “The Coming Kill-Off” are fictitious or, at best, mere pawns in the web-serial “Black Helicopters” – and promise swift, effective legal action againth parties promulgating this and/or other such slanders.

Comments, complaints, donations (especially SUPERPAC donations) always welcome at feedme@generisis.com or: speak@donjonesindex.com.

ATTACHMENT ONE – FROM TIME (UPDATE)

WHERE DOES INDIA’S COCKROACH MOVEMENT GO FROM HERE?

India’s burgeoning youth-led protest movement won a key victory over the weekend with the resignation of the country’s Education Minister, Dharmendra Pradhan.

The Cockroach Movement, which took its name from a derogatory remark made by India’s Chief Justice comparing young unemployed people to “cockroaches” and “parasites,” has quickly established itself as a formidable political force.

To discuss the movement and its future, TIME caught up with Mukul Kesavan, a historian, novelist, and one of India’s best-known writers.

Q: What is your view of the Cockroach Movement, and what do you think is unique about it?

MK: I’ve spent my life in Delhi. I’ve been to hundreds of demos because Jantar Mantar is the place where you go off and shout your slogans from the time I was an undergraduate, and I have to say, I’d never seen anything like this—not necessarily in terms of its size, though it was very large—but because it was so young.

I don’t mean to sound condescending, but it just seemed that these people had turned up because they felt there was a kind of existential crisis in their young lives.

Q: How much of a threat do these protests pose to Narendra Modi?

MK: This movement is interesting. It’s a movement of the urban salariat. These are very middle-class people. They are largely Hindus, very young, and so they pose a peculiar kind of challenge […] What do you do with a group of young people who theoretically are the very basis of your political constituency?

The Modi juggernaut is generally seen as sinister but efficient at what it does, and the entire tenor of the taunting, the calling out, is that you’re an old, dysfunctional guy, that’s unusual because it seems to open the possibilities of this movement. Not because there’s a constructive program that’s been put forward, but simply because it seems to be open season on a man who, up to now, has seemed sort of inevitable.

Q: Where does the movement go from here?

MK: I’m so bewildered by the scale, intensity, and coming-from-nowhere part of this movement that it’s not clear to me how it sustains itself or where it goes. I’m not saying it won’t, but it surprised everybody, including its organizers.

To read the full interview, click here.

@READ 8/1 update here…

REPRINTED from DJI.260724, including attachments from 1440, “X” and the NEW YORK TIMES

ATTACHMENT FIFTEEN – FROM 1440

THE COCKROACH UPRISING

Tens of thousands of protesters marched toward India's Parliament in New Delhi yesterday before police fired tear gas to disperse the crowd. The self-described Cockroach Janta Party is demanding the education minister's resignation following repeated leaks of a medical entrance exam that millions of students see as determining their futures. See clashes unfold (w/photos).

The movement emerged in May after India's chief justice compared unemployed young people to "parasites" and "cockroaches" during a Supreme Court hearing. The party has since focused on India's medical entrance exam, where more than 2 million students compete annually for roughly 130,000 medical school spots. Families borrow money or even sell land to pay for years of private tutoring, while the competitive exam culture has also raised concerns about students' mental health. Go inside India's high-stakes exam system here.

India is home to the world's largest youth population, with about half its 1.5 billion people under age 30. Explore India's population pyramid.

ATTACHMENT FIFTEEN.A – FROM THE NEW YORK TIMES

POLICE IN INDIA USE TEAR GAS AND BATONS ON CROWDS PROTESTING EXAM SCANDAL

Young people angry about frequent leaks of college entrance tests present one of the biggest challenges in years to Prime Minister Narendra Modi.

By Mujib Mashal and Pragati K.B. Reporting from New Delhi July 20, 2026

Chaotic scenes played out on the streets of New Delhi on Monday, as security forces used tear gas and batons to disperse tens of thousands of people marching on the Parliament in one of the largest protests against Prime Minister Narendra Modi’s government in years.

The protest in the Indian capital, largely fueled by young people, was called to demand the resignation of the country’s education minister after botched college entrance exams that have disrupted the lives of millions of students.

A smiling Mr. Modi, who arrived to open a session of the Parliament, tried to project an image of calm. He did not address the protesters’ demands directly, even as security forces struggled to hold back the crowds spilling onto the roads leading to the building.

By day’s end, the police crackdown, in which protesters were beaten up, appeared to have dispersed much of the crowd. The exact number of protesters injured was not clear, but Indian media reported that over 100 people had been brought to two hospitals in Delhi.

Police officials told Indian news outlets that at least 50 of their personnel were also injured.

Over 60 protesters were arrested, according to lawyers who were rallying legal help for them.

Mr. Modi’s response has so far remained consistent with his decade-old position that his ministers are not answerable to public pressure.

But the size and force of the protests may indicate that his ruling party has underestimated the raw anger among young people in India, particularly after recent student movements in neighboring Bangladesh and Nepal toppled governments.

His image as a strongman may also be showing cracks.

Television channels friendly to Mr. Modi, which had largely ignored the buildup to Monday’s protest, broadcast footage of panic around the Parliament as security guards ran around holding the line with water cannons and tear gas. On social media, a space where Mr. Modi’s ruling party has enjoyed outsize influence, the Gen-Z protesters appeared to be breaking through, with memes and livestreams of the protests and the police crackdown.

“The apathy the government is showing us is shameful,” said Anshul Yadav, 20, who attended the protests on Monday with two friends. “The government should come talk,” he said. “Education is important.”

Public anger over the exam scandal has been simmering since May, when more than two million students who took India’s biggest entrance exam for medical school found out that the results would be scrapped because the questions had been leaked and that they would have to retake the test.

Such leaks have become a frequent problem in recent years, and news reports in India that some students have died by suicide because of the stress have intensified the outrage. The movement has since grown into broader discontent over the failings of the Indian education system and the lack of accountability in governance.

The movement gained momentum over the weekend after the police forcibly removed Sonam Wangchuk, a prominent activist who had been on hunger strike at the protest site for more than 20 days. The police said that they had moved him to a hospital for court-ordered essential medical care, despite opposition from his family and fellow protesters.

Running the Barricades

On Monday morning, crowds chanting slogans against Mr. Modi poured into the Jantar Mantar area, a protest site not far from the Parliament. The streets were jammed with mostly young people, many saying that they had come from other parts of India. They tried to push their way to the site through heavy barricades. In some areas, the police welded tall barricades to stop the protesters from moving toward the Parliament.

By Monday afternoon, a senior member of Mr. Modi’s cabinet, J.P. Nadda, met with representatives of the movement, the first such outreach since the protests began. The movement’s leaders have issued three specific demands: the immediate resignation of the education minister, Dharmendra Pradhan; the discharge from the hospital of Mr. Wangchuk; and compensation for the families those students who died by suicide.

Mr. Pradhan is seen as close to Mr. Modi, having played an important role in recent victories by his Bharatiya Janata Party, or B.J.P., in key state elections. The education minister has previously brushed the protesters aside, calling them “the B-team of terrorists.”

Mr. Nadda, in a statement, confirmed having met “in a cordial atmosphere,” but offered no sign of what the government response to the demand would be. “I have requested all the protesters to end their sit-in and assist the administration in restoring normalcy,” he said.

On the streets, the police continued to chase away protesters.

“Seeing the brutality with which peacefully protesting youth are being dealt with, I have decided to continue my fast,” Mr. Wangchuk, who has been held at a hospital against his will, said in a statement.

Protest leaders said that the police had destroyed the stage where Mr. Wangchuk lay during his fast and which had become their gathering point, but that they were regrouping again late in the evening. “We won’t leave Jantar Mantar until education minister Dharmendra Pradhan resigns,” said one of the leaders, Ashutosh Ranka.

Angry Students

The protesters accuse Mr. Pradhan of doing little to fix an education system that can be corrupt, lax and inefficient. The latest example — the cancellation of the entrance exams to medical school because the question papers were leaked and sold — affected millions of students.

Such tests can be a ticket to a better life, whether for higher education or for a coveted government job. Many families sell land or borrow money to pay for private tutoring to give students a chance of success.

One doctoral student, Priyam Dubey, 26, said he had been in schoolin 2024 when exam questions were leaked. After taking an entrance exam for a fellowship that could fund his graduate degree, he was told that it had been scrapped and that he had to sit for it again.

“I gave in the paper, it went really well and next morning when I woke up, the paper got leaked and they canceled the examination,” he said. “I didn’t want to prepare again.”

He said no one was being held accountable for what young people like him often go through.

As the crowds built up, the internet became inaccessible in the protest area.

Sreelakshmi Sreevalsam, 37, traveled to Delhi from Bengaluru to “make things audible to the government,” she said. Ms. Sreevalsam, a project manager at a financial technology company, met up with two friends on Monday morning for the protests.

“I want to be on the right side of history,” she said.

Bharati Ghosh, a B.J.P. spokeswoman, said on Sunday night that the police had arrested those responsible for the leaks and that the law would take its course. “The B.J.P. government senses, understands and responds to its people,” she said. “We are not sensing that the entire country is angry or frustrated.”

Amit Malviya, who is in charge of the ruling party’s social media wing, tried to downplay the scale of the protest.

“This hardly looks like a protest that enjoys support beyond professional agitators and ideological groups,” he said on X.

Rare Dissent

The space for protest and dissent in India’s traditionally raucous democracy has shrunk significantly during Mr. Modi’s 12 years in office. His government has cracked down on dissent and put activists behind bars, creating a chilling effect on public opposition.

The current protest was started by the Cockroach Janta Party, a grass-roots movement founded just two months ago that has come to symbolize the anger among India’s youth. It started in response to a rant by India’s chief justice comparing the country’s unemployed youth with cockroaches and parasites. In June, the party announced a sit-in demanding accountability over the exam leaks.

When the crowds filled the area around the protest site on Monday morning, the movement’s social media handles posted: “A flood of hundreds of thousands of cockroaches.”

Mujib Mashal is the South Asia bureau chief for The Times, helping to lead coverage of India and the diverse region around it, including Bangladesh, Sri Lanka, Nepal and Bhutan.

Pragati K.B. is a reporter for The Times based in New Delhi, covering news from across India.

A version of this article appears in print on July 21, 2026, Section A, Page 10 of the New York edition with the headline: After Exam Scandal In India, Protests Draw Tear Gas and Batons.

ATTACHMENT FIFTEEN.B – FROM X

Indian Chief Justice Surya Kant says there are "parasites" attacking the system. "There are youngsters like cockroaches, who don't get any employment and don't have any place in the profession. Some of them become media, some of them become social media, some of them become RTI activists, some of them become other activists, and they start attacking everyone." - CJI.

ATTACHMENT TWO – FROM VISUAL CAPITALIST

RANKED: HOW WEALTHY THE TOP 1% ARE IN EACH MAJOR ECONOMY

by Dorothy Neufeld February 24, 2026

See visuals on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

· The U.S. has the wealthiest top 1%, with average per capita wealth of $16.4 million, far ahead of other major economies.

· In America, the top 1% control 35% of all wealth, while the bottom 50% hold just $9,000 per person.

· Mexico has the highest wealth concentration in this group, with the top 1% holding 37% of national wealth.

In the United States, the average member of the top 1% holds $16.4 million in wealth.

In Japan, that figure is less than half. In Mexico, it’s $2.7 million.

The “top 1%” may sound like a global tier of wealth, but how rich that group actually is depends heavily on where they live.

Using the latest data from McKinsey, we rank the world’s major economies by the per capita wealth of their top 1%, adjusted for purchasing power. The results reveal a startling gap: while American elites lead the pack with $16.4 million in wealth, others see a net worth of less than a third of this.

Top 1% Net Worth Per Capita in Major Economies

Below, we show how the top 1% compares by country, adjusted for purchasing power parity (PPP). This shows the true buying power across economies relative to the U.S. dollar:

Country	Top 1% Average Per Capita Wealth (PPP)	Bottom 50% Average Per Capita Wealth	Top 1% Share of Wealth
U.S.	$16.4M	$9K	35%
Australia	$10.6M	$36K	24%
Canada	$9.1M	$30K	24%
Germany	$9.1M	$23K	28%
France	$8.5M	$31K	27%
Italy	$7.2M	$17K	22%
South Korea	$7.2M	$10K	26%
Japan	$6.9M	$22K	25%
UK	$5.0M	$22K	21%
China	$3.2M	$13K	30%
Mexico	$2.7M	$3K	37%

The U.S. has the highest average per capita wealth for their top 1%, surpassing second-ranked Australia by $5.8 million.

In stark contrast, U.S. national per capita wealth sits at $470,000, while the bottom 50% holds a net worth of just $9,000, on average. Overall, the American top 1% controls 35% of the nation’s total wealth, a share that is steadily rising.

When adjusted for purchasing power, this share accounts for 5% of global wealth, rising to 9% when measured in absolute U.S. dollar terms.

While Australia holds the second-highest average at $10.6 million, its internal wealth gap is notably less extreme. Australia’s per capita wealth is comparable at $450,000, yet its bottom 50% holds a significantly higher average net worth of $36,000.

Similarly, this distribution pattern is broadly mirrored across Canada and major European economies.

In China, average per capita wealth of the top 1% stands at $3.2 million, against a national per capita wealth of $110,000. In fact, China’s bottom 50% holds more wealth per person than the bottom half in the U.S., when adjusted for purchasing power.

ATTACHMENT THREE – FROM AI OVERVIEW

WORLDWIDE RICHEST - TOP ONE PERCENT

The global net worth threshold to enter the top 1% worldwide is approximately $870,000 to $1 million, though requirements vary drastically by country.

Global vs. Country Thresholds

· Worldwide minimum: Roughly $871,000 to $1 million in net assets (total assets minus debts).

· United States: Approximately $5.8 million per individual or $13.7 million per household.

· Monaco: $12.88 million

· Switzerland: $8.51 million

· Singapore: $5.23 million

· China: $1.07 million

Wealth Control and Holdings

· Global share: The top 1% globally holds nearly half of all global household wealth.

· U.S. share: The top 1% of American households control roughly 31.6% ($49+ trillion) of total U.S. wealth.

ATTACHMENT FOUR – FROM FORBES

THE RICHEST AMERICAN PEOPLE

Elon Musk’s Wealth Sinks Below $700 Billion As SpaceX Rout Extends

By Ty Roush Jul 27, 2026, 11:04am EDTJul 27, 2026, 12:17pm EDT

A further decline in SpaceX shares on Monday cut Elon Musk’s net worth by more than $20 billion, lowering his fortune below the $700 billion threshold for the first time since December, as Musk falls further from his trillionaire status.

Shares of SpaceX dropped 4.8% to around $109.50 as of 10:50 a.m. EDT Monday, extending a 50% plunge for the stock since hitting an all-time high on June 16.

Musk, whose SpaceX holdings include 4.8 billion shares and another 350 million stock options, saw his net worth cut by $29.5 billion to $695.7 billion, yet he still ranks well ahead of Google co-founders Larry Page ($268.5 billion) and Sergey Brin ($247.1 billion) as the world’s richest person.

Musk’s fortune last ended a trading session below $700 billion on Dec. 18, 2025 ($680.6 billion).

SpaceX’s declining stock value comes even after the firm’s successful test launch of its Starship rocket on Friday, as Wall Street appeared to express caution ahead of the test: JPMorgan analyst Seth Seifman wrote in a note earlier in the week there would be “plenty of analyze” from the latest Starship launch, though the firm expected “progress and setbacks” across dozens of more launches through 2027.

An aborted Starship launch on July 16 also pushed SpaceX shares lower and reduced Musk’s fortune by more than $45 billion to below $800 billion.

CRUCIAL QUOTE

“(Former) trillionaire,” Musk wrote on X last week in an apparent nod to his declining fortune in recent weeks.

WHAT TO WATCH FOR

BIG NUMBER

KEY BACKGROUND

ATTACHMENT FIVE – FROM AI OVERVIEW (obsolete)

USA RICHEST

The richest person in the United States is Elon Musk, leading top American billionaires like Larry Page and Sergey Brin.

Richest Individuals in the U.S.

· Elon Musk: Estimated over $1 trillion* (Tesla, SpaceX) (No longer: See Attachment Four above – DJI)

· Larry Page: Estimated at roughly $257 billion to $291 billion (Google)

· Sergey Brin: Estimated at roughly $237 billion to $269 billion (Google)

· Jeff Bezos: Estimated at roughly $224 billion to $249 billion (Amazon)

ATTACHMENT SIX – FROM WIKI

LIST OF CURRENT MEMBERS OF THE UNITED STATES CONGRESS BY WEALTH

From Wikipedia, the free encyclopedia (Obsolete)

This article needs to be updated. Please help update this article to reflect recent events or newly available information. (January 2021)

This list of members of the United States Congress by wealth includes the fifty richest members of Congress as of 2018. It displays the net worth (the difference between assets and liabilities) for the member and their immediate family, such as a spouse or dependent children. These figures offer only an estimation of wealth, as the Congressional financial disclosure rules use value ranges instead of exact amounts.[1] As an upper range is not specified for values over $50 million (or over $1 million for a spouse), large assets are not represented accurately. Additionally, government salaries and personal residences are not typically included in disclosures.[2] Furthermore, several members of Congress do not use a standardized electronic format, but instead file reports that range from vague to indecipherable.[3] As of 2020, over half of the members of Congress were millionaires and the median net worth of members was approximately $1 million.[4]

The original documents for each member's disclosure are publicly available on a database website, maintained by OpenSecrets.[5]

Since 2009, the salaries per annum of members of the United States Congress have been as follows:[6]

Position Salary

Speaker of the House of Representatives $223,500

Majority leader and minority leader of the House of Representatives $193,400

President pro tempore of the Senate $193,400

Senators and representatives $174,000

Non-voting members of the United States House of Representatives $174,000

The wealthiest members of the United States Congress are as follows:

Source: OpenSecrets (2018 and 2019)

Name Party State Chamber Net worth Source of wealth

Jim Justice Republican West Virginia Senate (since 2025) $664.2 million Owner of The Greenbrier, owner of several coal mines

Jefferson Shreve Republican Indiana House (since 2025) $599.8 million Founder of Storage Express

Rick Scott Republican Florida Senate (since 2019) $503.2 million[9] Co-founder of HCA Healthcare, attorney

Darrell Issa Republican California House (2001–2019, since 2021) Up to $460 million[10] Former CEO of Directed Electronics

Kevin Hern Republican Oklahoma House (since 2018) $361.0 million Owner of several McDonald's franchises, founder of KTAK Corporation, hog farm owner

Tim Sheehy Republican Montana Senate (since 2025) $297.06 million Founder of Bridger Aerospace

Michael McCaul Republican Texas House (since 2005) $294 million[11] His father-in-law founded iHeartMedia

Nancy Pelosi Democratic California House (since 1987) $287 million[5] Investments

Dan Goldman Democratic New York House (since 2023) $64 to 253 million[12] Heir to Levi's

Mark Warner Democratic Virginia Senate (since 2009) $214.1 million[5] Early investor in Nextel, founder of Columbia Capital

Pete Ricketts Republican Nebraska Senate (since 2023) $206.39 million[13] Family owns TD Ameritrade, stake in the Chicago Cubs

Dave McCormick Republican Pennsylvania Senate (since 2025) $165.3 million Former Co-CEO of Bridgewater

Vernon Buchanan Republican Florida House (since 2007) $157.2 million Co-founder of American Speedy Printing, Honda distributor

April McClain Delaney Democratic Maryland House (since 2025) $152.7 million[14] Real estate investments, hedge fund holdings

Don Beyer Democratic Virginia House (since 2015) $124.9 million[5] Auto dealer

Jay Obernolte Republican California House (since 2021) $97.76 million[15] Former owner and director of FarSight Studios

Sara Jacobs Democratic California House (since 2021) $87.29 million[16] Her grandfather founded Qualcomm

Richard Blumenthal Democratic Connecticut Senate (since 2011) $85.2 million[17] Son-in-law of Peter L. Malkin

Suzan DelBene Democratic Washington House (since 2012) $79.4 million[5] Microsoft executive

Ron Johnson Republican Wisconsin Senate (since 2011) $78.5 million Former CEO of Bemis Company

Markwayne Mullin Republican Oklahoma Senate (since 2023)

House (2013–2023)

$31.6 million to $75.6 million[18] Owner of Mullin Properties, Mullin Farms, and Mullin Services

Doris Matsui Democratic California House (since 2005) $73.8 million[19] Her husband founded AES Corporation

Roger Williams Republican Texas House (since 2013) $66.9 million[20] His father's auto dealerships

Buddy Carter Republican Georgia House (since 2015) $66.5 million Pharmacist, investments

Scott Peters Democratic California House (since 2013) $60.5 million Attorney, economist, investments

Bernie Moreno Republican Ohio Senate (since 2025) $55.6 million Auto dealer, investor in Ownum

Marlin Stutzman Republican Indiana House (2010–2017, since 2025) $54.3 million[21] Stake in a farm, owner of Stutzman Farms Trucking, his wife owns a tourist attraction

Bill Hagerty Republican Tennessee Senate (since 2021) $52.8 million[22] Investment firm director

Rick W. Allen Republican Georgia House (since 2015) $52.1 million Founder of R.W. Allen and Associates

Robert Bresnahan Republican Pennsylvania House (since 2025) $48 million[23] Former CEO of Kuharchik Construction, owner of RPB Ventures

John Hoeven Republican North Dakota Senate (since 2011) $46.6 million[24] Shareholder in First Western Bank & Trust

Ro Khanna Democratic California House (since 2017) $45.7 million[25] Attorney, energy services executive

Jim Risch Republican Idaho Senate (since 2009) $41.8 million Attorney, investments

Shri Thanedar Democratic Michigan House (since 2023) $40.9 million[26] Former owner of Chemir, founder of Avomeen

Maria Cantwell Democratic Washington Senate (since 2001)

House (1993–1995)

$40 million (peak, pre-2003)[27] Former Vice-President and shareholder in RealNetworks

Mitch McConnell Republican Kentucky Senate (since 1985) $34.1 million Attorney, investments

Steve Daines Republican Montana Senate (since 2015) $32.9 million Procter & Gamble executive

Dan Meuser Republican Pennsylvania House (since 2019) $31.7 million[28] Former President of Pride Corporation

Lloyd Doggett Democratic Texas House (since 1995) $29.7 million Attorney, investments

Chellie Pingree Democratic Maine House (since 2009) $28.58 million[29] Ex-wife of financier Donald Sussman

Brad Schneider Democratic Illinois House (2013–2015, since 2017) $27.2 million Management consultant, industrial engineer

French Hill Republican Arkansas House (since 2015) Up to $25.7 million[30] Financial services executive

John Rose Republican Tennessee House (since 2019) $23.3 million[31] Co-founder of Transcender Corporation

Dan Newhouse Republican Washington House (since 2015) $21.2 million Farmer

Ralph Norman Republican South Carolina House (since 2017) $20.6 million[32] Construction executive

Cynthia Lummis Republican Wyoming Senate (since 2021)

House (2009–2017)

$20 to 75 million (peak in 2007)[33] Real estate holdings, cryptocurrency, co-owner of Hammond Hardware Company

See also

List of richest American politicians

Stop Trading on Congressional Knowledge Act

References

"Wealth of Congress". Roll Call. Retrieved May 17, 2020.

"About the Personal Finances Data & CRP's Methodology". OpenSecrets. OpenSecrets. Retrieved January 12, 2021.

Marquette, Chris (October 1, 2020). "Several lawmakers disclose opaque financial records". Roll Call.

Evers-Hillstrom, Karl (April 23, 2020). "Majority of lawmakers in 116th Congress are millionaires". OpenSecrets.

"Nancy Pelosi- financial holdings". Quiver Quantitative. QuiverQuantitative. May 19, 2026. Retrieved May 19, 2026.

Brudnick, Ida A. (April 11, 2018). "Congressional Salaries and Allowances: In Brief" (PDF). Congressional Research Service. Archived from the original (PDF) on November 10, 2016. Retrieved November 10, 2016.

Hankins, Taylor (September 2, 2025). "Jim Justice is the richest U.S. Senator, data shows". WHSV.

"Jefferson Shreve Net Worth | Quiver Quantitative". www.quiverquant.com. Retrieved September 27, 2025.

"Rick Scott Net Worth | Quiver Quantitative". www.quiverquant.com. Retrieved September 27, 2025.

"Mitt Romney, Rick Scott and 3 More of the Richest Members of Congress". Yahoo Finance.

"The 50 Richest Members of Congress — 112th : Roll Call". www.rollcall.com. Archived from the original on September 17, 2011. Retrieved September 27, 2025.

"Levi Strauss Heir Would Join Congress's Richest With NYC Win". Bloomberg.com. Archived from the original on June 18, 2025. Retrieved September 27, 2025.

"Pete Ricketts Net Worth | Quiver Quantitative". www.quiverquant.com. Retrieved September 27, 2025.

"April McClain Delaney Net Worth | Quiver Quantitative". www.quiverquant.com. Retrieved September 27, 2025.

"Jay Obernolte Net Worth | Quiver Quantitative". www.quiverquant.com. Retrieved September 27, 2025.

"Sara Jacobs Net Worth | Quiver Quantitative". www.quiverquant.com. Retrieved September 27, 2025.

Middleton, Chris. "The 25 wealthiest members of the US Congress". Moneywise. Retrieved September 27, 2025.

Krehbiel, Randy (November 13, 2023) [October 8, 2022]. "Mullin's and Hern's net worth jump with sale of businesses". Tulsa World. Updated. Archived from the original on December 17, 2024.

Middleton, Chris. "The 25 wealthiest members of the US Congress". Moneywise. Retrieved September 27, 2025.

"Roger Williams- Net Worth - Personal Finances". OpenSecrets. Retrieved September 27, 2025.

"Marlin A. Stutzman Net Worth | Quiver Quantitative". www.quiverquant.com. Retrieved September 28, 2025.

"Bill Hagerty Net Worth | Quiver Quantitative". www.quiverquant.com. Retrieved September 28, 2025.

Terruso, Makenzie Kerneckel | Julia (August 10, 2025). "Rob Bresnahan's stock trades fuel doubts about GOP hold on key Pa. swing seat". Inquirer.com. Retrieved September 27, 2025.

"John Hoeven- Net Worth - Personal Finances". OpenSecrets. Retrieved September 30, 2025.

"Ro Khanna- Net Worth - Personal Finances". OpenSecrets. Retrieved September 27, 2025.

"Shri Thanedar Net Worth | Quiver Quantitative". www.quiverquant.com. Retrieved September 27, 2025.

Keller, Amy (September 4, 2003). "The Roll Call 50 Richest: Gainers and Losers". Roll Call. Retrieved September 30, 2025.

"Dan Meuser- Net Worth - Personal Finances". OpenSecrets. Retrieved September 27, 2025.

"The 15 Richest Members of Congress 2012". CNBC. October 23, 2012. Retrieved September 30, 2025.

"How slaveholding families reasserted themselves after the Civil War". Reuters. December 13, 2023. Retrieved September 27, 2025.

Middleton, Chris. "The 25 wealthiest members of the US Congress". Moneywise. Retrieved September 27, 2025.

Nickerson, Gregory (December 13, 2011). "Wyoming Delegation: Rep. Cynthia Lummis among Richest Members of Congress". WyoFile. Retrieved September 27, 2025.

ATTACHMENT SEVEN – FROM BALLOTPEDIA (2012) (OBSOLETE)

THE RICHEST AMERICAN CONGRESSPEOPLE

Net worth of United States Senators and Representatives

Definitions

Classes of United States Senators • President Pro Tempore of the Senate • United States Speaker of the House • Filibuster • Reconciliation • Vote-a-ramas • Parliamentarian • Christmas tree bill

Notable events

Key votes • Presidential addresses

Elections

Election dates • Filing requirements for congressional candidates • Filling vacancies in Senate • Filling vacancies in House

Campaign finance

Federal Election Commission • Democratic Congressional Campaign Committee • National Republican Congressional Committee • Democratic Senatorial Campaign Committee • National Republican Senatorial Committee

Sessions

119th Congress
118th • 117th • 116th • 115th • 114th • 113th • 112th • 111th • 110th

This page was last updated in its entirety in 2012. The figures below reflect net worth information for members of Congress based on data OpenSecrets.org calculated. As of June 2025, Ballotpedia did not identify any other organizations that tracked congressional net worth across the years. One resource, investment research platform Quiver Quantitative, estimated real time congressional net worth as of June 2025. Click here to view its dataset.

In 2018, 229 of 535 (43%) members of Congress had an average net worth of at least $1 million.^[1] According to analysis conducted by Politifact, 5% to 12% of U.S. citizens had a net worth of at least $1 million.^[2] In 2012, a majority (50%) of Congress had an average net worth of at least $1 million, an historic first.^[3]

Congressional net worth differs depending on how it is calculated. For example, OpenSecrets said of its methodology, "It is difficult to gauge what a lawmaker is worth because disclosure forms do not require exact values. Instead, lawmakers report the value of assets and liabilities within a range. ... To calculate net worth, therefore, we added a lawmaker's ranges of assets and subtracted their range of liabilities. Next, we calculated the midpoint of the resulting range and used this figure for [our rankings]."^[1] News outlet Roll Call, on the other hand, looked at minimum net worth, finding only 39% of Congress had a net worth of at least $1 million.^[2] Quiver Quantitative's live estimates, unlike OpenSecrets, did not include outstanding liabilities.^[4]

Analysis provided on this page includes:

· A complete list of the average net worth of Congress from 2004 to 2011/12

· The ten wealthiest (and poorest) members of both the House and Senate from 2010 to 2012

· The net worth of new members of Congress from 2005 to 2015

· How much the congressional delegations of each state were worth from 2004 to 2011

· A complete list of the net worth averages for individual congressional members from 2004 to 2011

For information on which members saw the highest change during their tenure, please see Ballotpedia's page on the Changes in Net Worth of U.S. Senators and Representatives (Personal Gain Index).

Average worth

Year	# of Reports	Total Net Worth	Average
2011	627	$4,946,090,771	$7,888,502
2010	641	$4,680,278,853	$7,301,527
2009	652	$4,271,710,652	$6,551,703
2008	600	$3,834,468,090	$6,390,780
2007	603	$4,633,904,377	$7,684,750
2006	594	$3,979,189,252	$6,698,972
2005	542	$3,459,576,717	$6,382,983
2004	580	$3,533,674,470	$6,092,542