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How do politicians become so wealthy?

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  • How do politicians become so wealthy?

    While the democrats and their henchmen in the press are ranting and raving about Trump's income tax returns I got to thinking, how much are these politicians that are so concerned about the source and size of Trumps wealth worth?
    We know what the salary is for congress and the senate, $175,000.00 per year, and we know they are required to maintain residency in both the districts they represent and in Washington DC. So it would seem logical that after those expenses their savings AKA personal wealth (unless inherited or from a spouse ) would not be great. But that is not the case.
    Open Secrets is a very respected and nonpartisan website, so I started with Rep. Shelia Jackson who has an est. net worth of 3.5 million and has been in office since 1995. This has been her only employment for 23 years.
    sort of makes me wonder...
    https://www.opensecrets.org/
    Dispite our best intentions, the system is dysfunctional that intelligence failure is guaranteed.
    Russ Travers, CIA analyst, 2001

  • #2
    Simple! The Politicians do favors for the wealthy and they are rewarded after they "retire". Look at how Slick Willie got rich after he left office.

    Pruitt
    Pruitt, you are truly an expert! Kelt06

    Have you been struck by the jawbone of an ASS lately?

    by Khepesh "This is the logic of Pruitt"

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    • #3
      Originally posted by Pruitt View Post
      Simple! The Politicians do favors for the wealthy and they are rewarded after they "retire". Look at how Slick Willie got rich after he left office.

      Pruitt
      Shelia Jackson hasn't retired and she is doing well. There is a higher concentration of wealth in the house of representatives than there is among those they are elected to represent.
      If someone is wealthy before they are elected that isn't an issue, at least it isn't to me.
      Dispite our best intentions, the system is dysfunctional that intelligence failure is guaranteed.
      Russ Travers, CIA analyst, 2001

      Comment


      • #4
        Either Shiela's spouse has a great job or someone is giving her money. They are also are given sweetheart deals where they buy stuff at a much discounted price.

        Pruitt
        Pruitt, you are truly an expert! Kelt06

        Have you been struck by the jawbone of an ASS lately?

        by Khepesh "This is the logic of Pruitt"

        Comment


        • #5
          I'd say the really rich before election are far less corrupt than the really rich after election. Someone like AOC is going to be totally corrupt. She's young, not well off, and stupid. She will take to graft like a fish to water.

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          • #6
            You keep electing the wealthy - elect your local schoolbus driver governor/president and see the world change before your eyes
            High Admiral Snowy, Commander In Chief of the Naval Forces of The Phoenix Confederation.

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            • #7
              Originally posted by Snowygerry View Post
              You keep electing the wealthy - elect your local schoolbus driver governor/president and see the world change before your eyes
              I've yet to meet the school bus driver who can drive a school bus, so I'm still looking . . . .

              To answer the OP, I offer this anecdote: an Ivy League political science major arranged to interview Albany NY Democratic Party chairman Dan O'Connell. While O'Connell had no more than a fifth grade education, he was one of the most successful political leaders in the country, so the student was expecting a truly wise and profound answer to his question, "what is the secret of your long-running political success." The tough old Irishman responded simply; "get the money."

              Had me a polysci prof at Baruch -- an old-fashion Italian syndicalist-socialist -- who defined "social surplus," and then proceeded to state that without social surplus, there can be no politics, and that politics is simply the acquisition and expenditure of said social surplus. In plain English, politics is the art of getting and then spending other people's money. And that's it. When viewed like that, it should be no wonder that the US Congress is little more than a glorified country club for aspiring and actual millionaires.

              "Get the money." For greater detail, read Robert A Caro's Power Broker: Robert Moses and the Fall of New York. It should be required reading for any high school civics class.
              Last edited by slick_miester; 17 Sep 19, 14:16. Reason: I can't spell.
              I was married for two ******* years! Hell would be like Club Med! - Sam Kinison

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              • #8
                Originally posted by Snowygerry View Post
                You keep electing the wealthy - elect your local schoolbus driver governor/president and see the world change before your eyes
                Yea, like Venezuela did...

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                • #9
                  There's always "speaking fees".

                  Comment


                  • #10
                    Originally posted by T. A. Gardner View Post
                    Yea, like Venezuela did...
                    That's the difference between Socialist and Capitalist democracy, you elect either the poor and make them rich, or elect the rich and make them eh... richer
                    High Admiral Snowy, Commander In Chief of the Naval Forces of The Phoenix Confederation.

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                    • #11
                      Let's see...how could a sitting congressperson possibly make more money than they do in salary?
                      ARRRR! International Talk Like A Pirate Day - September 19th
                      IN MARE IN COELO

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                      • #12
                        Originally posted by Jose50 View Post
                        Let's see...how could a sitting congressperson possibly make more money than they do in salary?
                        What do you mean ??

                        Most obviously they would run a business that profits from them being a "congressperson" ?

                        Start here

                        https://www.headstuff.org/culture/hi...hest-man-rome/

                        From its ashes would rise the Roman Empire, with democracy a faded ideal. All because Marcus Licinius Crassus had been raised to crave glory.
                        Last edited by Snowygerry; 17 Sep 19, 09:14.
                        High Admiral Snowy, Commander In Chief of the Naval Forces of The Phoenix Confederation.

                        Comment


                        • #13
                          Originally posted by Urban hermit View Post
                          While the democrats and their henchmen in the press are ranting and raving about Trump's income tax returns I got to thinking, how much are these politicians that are so concerned about the source and size of Trumps wealth worth?
                          We know what the salary is for congress and the senate, $175,000.00 per year, and we know they are required to maintain residency in both the districts they represent and in Washington DC. So it would seem logical that after those expenses their savings AKA personal wealth (unless inherited or from a spouse ) would not be great. But that is not the case.
                          Open Secrets is a very respected and nonpartisan website, so I started with Rep. Shelia Jackson who has an est. net worth of 3.5 million and has been in office since 1995. This has been her only employment for 23 years.
                          sort of makes me wonder...
                          https://www.opensecrets.org/
                          You link to a credible source for Sheila Jackson Lee and somehow arrive at the conclusion that being a politician is her only income.
                          Even on her page, it says the majority of her assets are a "Structured Settlement."
                          What does a structured settlement have to do with being a politician?

                          Always a conspiracy theory. "Mrs. Jackson Lee is obviously making more money than her salary suggests. That's her only job! Impossible there could be something out there giving her more funds. It's probably a secret Soros payment plan!"


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                          • #14
                            I'm not a particular admirer of any politician, but I also don't believe that most or all of them are crooked.

                            Some folks here bend over backwards to insist that Trump is not corrupt, etc., but when it comes to other politicians with whom they don't agree or they are Democrats, then all bets are off.

                            Nothing like a good old double standard.

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                            • #15
                              Originally posted by Massena View Post
                              I'm not a particular admirer of any politician, but I also don't believe that most or all of them are crooked.
                              But the bulk of them have been, since Thucydides first put pen to paper.

                              Robert Caro explored the political career of LBJ's father, Sam Ealy Johnson, at some length in his Years of Lyndon Johnson. Sam served several terms in the Texas state legislature, and by all accounts, he was rather popular. He was also noted for never taking so much as a drink from a lobbyist -- and Austin is a town notorious for the presence of lobbyists, and their indulgence in "the three B's of politics: booze, broads, and bucks." So Sam was one of those rare clean politicians, never tainted by any conflicts of interests. He also died poor as dirt -- financially, physically, emotionally, and spiritually. Not playing ball cost him, and it cost him dearly. I doubt that there's ever been a political system devised that, in the main, rewards its participants for being clean. If you're a Senator or a Congressman or a city councilman or a local school board member, you can be rewarded handsomely if you play ball -- and if you don't play ball, you risk getting nothing, or worse. Politicians who refuse to play ball don't advance very far. They don't become governors or presidents. Like as not they're driven out of the game altogether.

                              But then again, there's all kinds of clean -- and there's all kinds of dirty. How did Preston Sturges put it: "if it weren't for graft you'd get a very low type of person in government." Caro called it "Money Honest" -- and it wasn't a compliment. There's a reason why pride is considered the mother of all sins. . . . . That other kind of corruption -- the kind not measured in dollars and cents -- is the most insidious of them all. Unfortunately, it's the kind least noticed by most observers . . . .

                              Originally posted by Massena View Post
                              Some folks here bend over backwards to insist that Trump is not corrupt, etc., but when it comes to other politicians with whom they don't agree or they are Democrats, then all bets are off.

                              Nothing like a good old double standard.
                              That's what partisans do: back their guy to the hilt, and pan the other guy nine-ways-from-Sunday, usually for the same vices and flaws. Don't tell me that you've never observed that pattern before.

                              Is Donald Trump corrupt? As a big city real estate developer, he'd definitely know how to corrupt a politician: it's the first thing they teach you at real estate developer school.
                              I was married for two ******* years! Hell would be like Club Med! - Sam Kinison

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