When he was 30, he took at a special mortgage from the city that was only supposed to be used for developing low income house. Rangel used it to renovate his family home instead and then turned that home into an apartment complex that he rented out for profit. Democrats were outraged about it whedn he ran for Congress.
He's been in and out of trouble.
Failing to report income from his Yacht Club villa in the DR is just the latest straw. You can't sit there and write tax laws for Americans, while you buy a $250,000 villa in a luxury club that's booked year round and reporting you only got $5000 in rental income. The following year he got even more brazen and report $0. The problem for him is that the Ethics Committee has copies of the wire transfers that prove he received lots of money in income.
It's not just the villa or the 4 rent-stabilized apartments in NYC, Rangel has properties in Jersey he'd conveniently forgotten about and to give you an example, in 2007, he failed to report over $650,000 worth of assets and income.
If Rangel is a millionaire today, lack of ethics had alot to do with it.
53% of voters have no confidence in the Democratic Party because you don't have to be a genius to recognize lip service when you see it. If we condone or excuse this type of corruption, the lip service to the poor will never change.
AMY GOODMAN: Cornel West, can you talk about your reaction to the House Ethics Committee convicting Congressman Charles Rangel of nearly a dozen violations of congressional rules? In a dramatic moment yesterday, Congressman Rangel, both angry, also wept. Congress member John Lewis came in as a character witness and said he marched with Charles Rangel from Selma to Montgomery some 40 years ago. Your response?
CORNEL WEST: I think every Congressman or woman deserves a fair procedure looking at the evidence. Charles Rangel is my brother and I pray for his well-being. At the same time, we know Congress has become very much a kind of sight of legalized bribery and normalized corruption. So any time you enter Congress, there are the seductions and temptations of that corruption and that bribery, and many do fall prey to it. If the evidence says, in fact, you fell prey, you have to deal with the consequences. It seems in this particular case that we have another example, unfortunately, because I do have a deep love for my dear brother Charles Rangel. He has been there for, what, 40 years now? In some ways one could argue he stayed even too long. But the level of bribery and corruption in Congress cuts across the board, it’s just not Charles Rangel, it’s just not primarily black congressman and women, it is white and red and others and unfortunately, it is a sign of the degree that our political system is so broken. The degree to which the banks and corporations have got such a stranglehold on Congress. It is no accident that so many fellow citizens have little confidence in the ability of Congress to do the people’s work. It’s a sad moment, though, sister Amy.
JUAN GONZALEZ: Cornel West, along those lines Salon.com columnist Joe Conason has an article titled "Why Mitch McConnell is Worse than Charles Rangel." In it he writes, "On the same day the House Ethics Committee convicted Representative Charles Rangel of nearly a dozen violations of congressional rules, Senator Mitch McConnell announced that under pressure from fellow Republicans, he will surrender his beloved earmarks. This is a notable coincidence because, like Randall, McConnell has rewarded corporate donors to an academic center named after him and he used earmarks for that purpose. The top corporate recipient of earmarks from the Kentucky Republican in the 2010 budget no only happens to be a donor to the McConnell Center for Political Leadership at the University of Louisville, but one of the largest and most corrupt defense contractors in the world. Topping the list of Rangel’s transgressions was the misuse of his congressional clout to raise money for a vanity academic center named after him at the City University of New York from private donors. Yet somehow, McConnell got away with the same kind of dubious dealings at the University of Louisville and was allowed to reward BAE Systems, the donor of $500,000 to the McConnell Center with $17 million worth of defense earmarks," Joe Conason writes. Cornel West, your response?
CORNEL WEST: No, I think it makes a lot of sense to me. This is precisely what I’m talking about in terms of the degree to which the legalized bribery and normalized corruption cuts across the board. Both parties, all colors, all cultures, caught within the Congress circumscribed by big banks, big finance, big corporations, big business. And it’s a very sad affair, but we know this has become part and parcel of American Life, and one reason why so many fellow citizens are so disgusted with the system with which we find ourselves. What was it in the last election, 53% of the voters had no confidence in the Democratic Party? 52% of the voters had no confidence in the Republican Party? I think in some ways what we’re seeing is the slow demise of the two-party system. The Tea Party movement on the right is going to end up just as disappointed with the Republican establishment as progressives like myself are disappointed with the Obama administration. And you’re beginning to see possibilities of new kinds of motion, momentum and maybe movement against the two-party system because the two parties themselves are so corrupt. Mean-spirited, coldhearted Republicans and milquetoast, spineless Democrats. What about poor people? What about working people? They deserve better. We deserve better.
http://www.democracynow.org/2010/11/19/cornel_west_on_charles_rangel_bush