Rangel is Robin Hood in reverse
By CHARLES HURT
Last Updated: 8:17 AM, October 4, 2009
For those who have studied most closely the decades of Charlie Rangel’s financial tangles and fiscal subterfuge, one doggedly puzzling question overshadows all the rest.
How does Rangel have so much money and where did it come from?
This is a man who draws a salary from the government of about $175,000 a year.
It’s a comfortable salary, but it certainly isn’t going to make anybody this rich — especially someone living in one of the world’s most expensive cities.
Rangel did not inherit a fortune and did not marry one. And nor had he built some huge fortune before he first won election to Congress in 1970.
So, how is it possible that the man is now worth as much as $2.5 million and collects as much as $140,000 in unearned income every year? How does the man have more property than he can keep track of, including prime real estate in the Caribbean?
And how many people earning a government salary walk around with more than $250,000 in their checking account?
The short answer is that it is impossible to tell with what he has revealed so far.
And good luck getting the powerful chairman of the tax-writing committee to shed any new light on the question.
Rangel has a long history understating his income and his assets.