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Message
So I’m a politician working in DC and I make $180k a year. For 30 years.
Posted on 9/30/20 at 10:50 am
Posted on 9/30/20 at 10:50 am
How are all these people becoming millionaires 30xs over.
I’ve lived in DC. They tax you on everything. Your car. Real property taxes are absurd. City taxes. Occupancy taxes. Imagine a tax, they probably have one for it.
Why is nobody holding these people accountable and asking these hard questions. I can tell you exactly how I make my money but you’re going to tell me these people made “investments” and somehow have $40M?
If you max your 401k contributions with a 7% return for 30 years, you’re only looking at 2-3M.
Am I the only one asking these questions?
I’ve lived in DC. They tax you on everything. Your car. Real property taxes are absurd. City taxes. Occupancy taxes. Imagine a tax, they probably have one for it.
Why is nobody holding these people accountable and asking these hard questions. I can tell you exactly how I make my money but you’re going to tell me these people made “investments” and somehow have $40M?
If you max your 401k contributions with a 7% return for 30 years, you’re only looking at 2-3M.
Am I the only one asking these questions?
17
Posted on 9/30/20 at 10:52 am to DiamondDog
quote:
How are all these people becoming millionaires 30xs over.
$3.5 million checks from the wives of Russian Mayors
Posted on 9/30/20 at 10:52 am to DiamondDog
The media won’t talk about it. The American sheep are too stupid to put it together.
Posted on 9/30/20 at 10:52 am to DiamondDog
Then you’re still taxed on your 401k when you start taking the withdrawals.
Posted on 9/30/20 at 10:52 am to DiamondDog
I saw a comment the other day that I found appropriate for this thread:
"I'm much more interested in the tax returns of a career politician that became a multimillionaire than I am of a billionaire that became a politician."
"I'm much more interested in the tax returns of a career politician that became a multimillionaire than I am of a billionaire that became a politician."
Posted on 9/30/20 at 10:52 am to DiamondDog
quote:
How are all these people becoming millionaires 30xs over.
Insider info on stock trading
quote:
s trading by Congress illegal? Should members of Congress be allowed to trade financial securities that are sensitive to private information? The “coronavirus trades” made by Sen. Richard Burr (R-N.C.) and his wife just prior to the March ’20 market crash raise these questions and signal the need for changes to the law. Some proposals go as far as banning stock trading by members of congress outright. The other extreme is to allow full discretion. The right solution is in between: Only allowing public officials to trade securities based on broad market indices.
quote:
The concern over insider trading by members of Congress is not new. Academic research shows that investment strategies that mimic trades by members of the U.S. Senate and the House of Representatives outperform the market by more than 6 percent per year. Following an investigative report revealing congressional insider trading, the Stop Trading on Congressional Knowledge (STOCK) Act was passed almost unanimously by the Senate and the House in 2012.
LINK
This post was edited on 9/30/20 at 10:54 am
Posted on 9/30/20 at 10:52 am to DiamondDog
quote:
Am I the only one asking these questions?
Nope. Been saying it for years.
Posted on 9/30/20 at 10:53 am to DiamondDog
Posted on 9/30/20 at 10:54 am to lsufan1971
Upvote for your sig pic
Posted on 9/30/20 at 10:54 am to DiamondDog
book deals and speaking engagements, come on man!
that is the official explanation, the real answer is insider trading on stocks and proxies (lobbyists aka bagmen) that run business deals for the pols and launder the money through real estate holdings and "charities/foundations"
that is the official explanation, the real answer is insider trading on stocks and proxies (lobbyists aka bagmen) that run business deals for the pols and launder the money through real estate holdings and "charities/foundations"
Posted on 9/30/20 at 10:54 am to DiamondDog
Insider trading
Oligarch checks
Kickbacks
Offshore accounts
Oligarch checks
Kickbacks
Offshore accounts
Posted on 9/30/20 at 10:55 am to lsufan1971
One way of doing it.
Putting family on the campaign payroll so that they get commissions on all activity of certain types is another. Bernie made his wife his media buyer for this purpose.
Putting family on the campaign payroll so that they get commissions on all activity of certain types is another. Bernie made his wife his media buyer for this purpose.
Posted on 9/30/20 at 10:56 am to supatigah
Book sales are the #1 method of payoffs to politicians and DC vermin.
Posted on 9/30/20 at 10:57 am to DiamondDog
Posted on 9/30/20 at 10:58 am to Ollieoxenfree99
quote:
Book sales are the #1 method of payoffs to politicians and DC vermin.
see DJTJr
Posted on 9/30/20 at 10:58 am to Ollieoxenfree99
Yeah, who can forget the crazy hoopla around your local Barnes and Noble when Joe Biden's last book came out?
Posted on 9/30/20 at 10:59 am to VoxDawg
Crazy Auntie Peach Mint would have to save every penny of her Congressional salary for 129 years to amass her net worth.
This post was edited on 9/30/20 at 11:03 am
Posted on 9/30/20 at 11:00 am to cgrand
Who is paying off DJTJr?
Trump w his 400K salary he donates?
Russia with orphan sales money?
Not saying it didn't happen, but Jr had some cash before this and is losing money he could be making in business.
It isn't the same as Joe Schmoe Congressman on a measly salary. (i.e. Maxine and Sheila)
Trump w his 400K salary he donates?
Russia with orphan sales money?
Not saying it didn't happen, but Jr had some cash before this and is losing money he could be making in business.
It isn't the same as Joe Schmoe Congressman on a measly salary. (i.e. Maxine and Sheila)
This post was edited on 9/30/20 at 11:05 am
Posted on 9/30/20 at 11:01 am to supatigah
quote:
book deals and speaking engagements, come on man!
that is the official explanation, the real answer is insider trading on stocks and proxies (lobbyists aka bagmen) that run business deals for the pols and launder the money through real estate holdings and "charities/foundations"
And there is nobody who wants to hold these people accountable? To me this is basic corruption. An Agency would just end up being politicized. I don’t know how you regulate it.
This post was edited on 9/30/20 at 11:02 am
Posted on 9/30/20 at 11:02 am to cgrand
quote:
see DJTJr
I don't remember anyone saying it was only one side of the aisle.
EVERYBODY on Fox has a book to sell, even the morning weather lady had one last year.
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