RE: Enrichment Through Government Service
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I think Nancy Pelosi's networth grew astronomically during her tenures as a congresswoman. For Trump's, I've no doubt he hit 7B by manipulating the global finance markets. By supporting the crypto cause but backing out later on, creating his own token and dumping majority on the market.
Also he did manipulate the market by his silly trade wars. Whenever he announced a tarriff imposition, the markets took a hit and bled red. When he retracted, it all turned green again. Someone called, I think Warren Buffet, for an investigation into the crypto activities of the Trump family, and I couldn't agree more. Especially when Trump leaves office.
The greedy nature of man will always come to the fore when he has opportunity to make large fortunes for himself. That's exactly the case with politicians.
Hi @aloysiusmbaba,
I was actually only writing about the top leader--president, PM, etc. If we are looking at other government officials I'll have to write a book! I don't know how it works in other countries, but the rules governing investing by U.S. elected officials are porous. And their families...well that's open season.
Pelosi's husband is a venture capitalist I think. The possibilities were unlimited and they became, as a couple, vastly wealthy. She came to office in 2007, so that's a long time to make money.
I found a list from 2014 that attempted to show the amount of wealth amassed by U.S. Senators and Representatives over their careers. I don't know how accurate the list is, but it does show that being in government rarely impoverishes. Here's the list.
Ok. Thanks.
Thanks for raising the issue...interesting perspective.