Well, she is married to a venture capitalist who got rich off oracle or some other company.
Not to say her position didn’t help the husband make all that money, this is just a dishonest meme by not explicitly pointing out almost all of her wealth is her husband’s earnings.
My understanding is that all of the venture capitalists who invested in oracle became successful, not just the one who was married to a congressperson.
Capitalism itself is the conspiracy, I’m not sure capitalism+marriage makes it an extra level of evil, lol.
all of the venture capitalists who invested in oracle became successful, not just the one who was married to a congressperson.
Sure, but this one then became much richer than he already was through marrying a congresperson who consistently outperforms the market herself in spite of having no background in stock trading prior to achieving various political posts that inherently bring inside information.
I’m not sure capitalism+marriage makes it an extra level of evil
Capatilism+exploiting your marriage with a corrupt politician for unfair financial gain or BEING that endlessly corrupt politician, on the other hand…
Or visited one of the many sites advising how to get rich by investing in the Nancy Pelosi index
Of course, since she only has to disclose her trades at a significant delay, you won’t get in on it before the profit potential is significantly decreased compared to her mysteriously perfect timing, THE hallmark of insider trading.
I invite criticism towards all political and social leaders. What I don’t like to see are the same 4 right wing talking points parroted endlessly in a disingenuous display of both-sides-ism.
There is probably a point among that partisan BS - maybe it would be useful to list politicians by their public salary and net worth. I’m sure most started as wealthy, since it’s kind of required to be politician at national level, but let’s see the numbers
That’s more or less 2/5 and 3/5. Not a big difference and not something I’d like to brush off. That’s verging on “sure the dems are crooked, but what about the republicans?” Nah, put the pressure on all of them.
Not to mention the most successful traders in congress are almost exclusively Republicans. I think Pelosi even reported a loss in 2022? She should be back on the list in 2023 though, because of an nVidia investment late last year.
I think there is a lot of honest leftist discussion about banning stock trading for congressmen, but anybody who points out Nancy specifically is a conservative parrot.
It’s funny how the spouses of elected representatives with insider information suddenly become investment wizards that seemingly don’t make mistakes choosing stocks.
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.
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.
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!
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?
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