• @[email protected]
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    425 months ago

    I wouldn’t be so quick to point the finger at corruption.

    Most politicians are wealthy before they take office simply because running a political campaign to get elected in the first place takes quite a bit of funding for anything above local offices, so the career path naturally attracts individuals who are independently wealthy. That’s not to say that politicians do not make money off of their positions via insider trading, bribes, gifts, and so on, but it’s not the only reason you tend to see a lot of rich people in congress.

    I’d be more interested to know how much more wealthy they became over a number of years serving in congress. Stats like these don’t paint the whole picture.

      • @[email protected]
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        15 months ago

        It is. I also wonder what kind of wealth she accrued that isn’t above board. There’s too many ways for these well connected politicians to hide bribes and favors.

    • @[email protected]
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      55 months ago

      Even they question would be hard to answer because when you are rich, making money is almost inevitable, corruption or not.

      When you start with 50 million you’ll have to fight HARD not to have 51 million 12 months later.

      • @[email protected]
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        25 months ago

        It’s funny how the spouses of elected representatives with insider information suddenly become investment wizards that seemingly don’t make mistakes choosing stocks.

        Funny.

  • @[email protected]
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    265 months ago

    Did you know that members of Congress and the Senate are still allowed to trade stocks on the open market that they basically control? Welp, I’m off to ruin someone else’s day with facts. Till next time!

    • andrew
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      65 months ago

      When you’re in Congress it’s just called insider research.

      • @[email protected]
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        05 months ago

        Not to defend her or anything, but if she was actually this bad of a trader with all of her insider knowledge. She should just buy SPY (SPY is the fund that covers the entire s&p 500) and stop trying. She would have made more money then what she’s made.

  • Lem Jukes
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    95 months ago

    Obviously she’s 600 years old and been at it almost 5 and a half centuries giverabreak sheesh.

  • @[email protected]
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    65 months ago

    I love how there’s no reference to her net worth before. Y’all just assume some dumb shit lol.

  • @[email protected]
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    25 months ago

    Well it’s very simple, she’s been collecting her salary for 500 years. Also, she doesn’t have to spend any money.

    • @[email protected]
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      5 months ago

      Well remember that she was there for JFKs inauguration in 1961. The Dow was at 600 and change then. It’s now at 38,700. So we need to multiply all her investments from then by 62 or so. Then account for 63 years worth of investments.

      Edit: Oh and the marriage to some who invests for a living

      So I need help with the math, was the average investment 64k a year between the 2 of them? It has to be higher, I did that wrong right?