Wednesday, August 21, 2024

Sadly Political Office Is the Key to Wealth Creation

 

Becoming a millionaire in past times was monopolized almost by the wealthy who could a large inheritance claim
Slowly over time entrepreneurs, celebrities and athletes as millionaires would be named
But more recently being a Representative, Senator or President
Achieving millionaire status the person would be to millionaire status be sent
When dollars obtained by investments obtained though info on government spending plans, speeches or book deals
That person’s wealth accumulation was almost guaranteed to become very large and very real
The majority of Congress members who have achieved millionaire standing
May tout their upbringing as members of the middle class to their problems have empathy and understanding
But it’s more scripted like a well-rehearsed show
Doubt there is much compassion when you are awash in dough
So we should not be surprised when Michelle at the DNC attacks the rich
Even though she wore a pant suit outfit which cost almost 3 grand for the expensive stiches
Biden removed by a palace coup is somewhat an aberration for being in office for over 51 years
Only an estimated net worth of only $10 million on his and Jill’s balance sheet appears
As only the second president to withdraw from a reelection race
With a good teleprompter speech income will his president’s salary largely replace
Maybe proof positive that when it comes to economics he has focused too much time on funneling to family members quid pro quo funds
Or his grasp of investment economics had never excelled or even begun

© 8/21/2024 Michael P. Ridley aka The Alaskanpoet

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