Some of Alaska’s US House candidates are millionaires. Another is paying off student loans.

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Newly filed financial disclosures reveal huge wealth disparities that are shaping the special election between 48 candidates for Alaska’s sole U.S. House seat.

Those fortunes exceed the wealth that U.S. Rep. Don Young, whom the candidates are vying to replace, accumulated over his half-century in Congress., filed in 2021 before his sudden death in March, reported assets valued at as little as $580,000.

The rules also do not require candidates to list their homes as assets, unless they’re generating rental income. And the value of other assets — stocks and bonds, business interests, cryptocurrency — is reported in ranges like $1,001 to $15,000, rather than as exact amounts.just two entries — his retirement accounts, each worth between $15,000 and $50,000.

Peltola said she’s taking unpaid leave from that position and, as she contemplated launching her campaign, had to consider whether she’d be able to make her mortgage, utility bill and car loan payments. He said his family “struggled” when he was growing up, and at one point, Begich said, he had more than $100,000 in student loans, since paid off.

In the interview, Begich said his investment and business experience would give him an important perspective in Congress.

 

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One of the advantages of our new voting system is that it opens up the opportunity for candidates of modest means to compete.

Dark money espionage. Take your state back Alaska.

Duh

Why is this news? Huge wealth disparities between candidates and every day people have been a thing for years!

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