In case you were wondering why Democrats and Republicans love spending your money on other people so much, perhaps it is because they are hoarding investment returns from the spending of all that money themselves.
These kind of shenanigans have been going on since the Civil War era when congress critters were heavily invested in railroad construction companies. The building of the railroads netted the political thieves a huge payday, while leaving the tax payers of the nation saddled with inefficent railroads that never actually made a profit.
In the same vein, let us look at what our bank bailouts and fraudulent propping up of the real estate market have done for Queen Pelosi:
House Minority Leader Nancy Pelosi (D-Calif.) saw her net worth rise 62 percent last year, cementing her status as one of the wealthiest members of Congress.
Pelosi was worth at least $35.2 million in the 2010 calendar year, according to a financial disclosure report released Wednesday. She reported a minimum of $43.4 million in assets and about $8.2 milion in liabilities.
For 2009, Pelosi reported a minimum net worth of $21.7 million. …
Pelosi saw her wealth rise due to some stock gains and real estateinvestments made by her husband, Paul.
It’s helpful to have a seat at the table, so that you know where to invest. Once you’ve invested, power helps you assure that nothing bad happens to the companies you’re invested in.
Despite her quasi-Marxist politics, there is no indication that Nasty will be spreading all that wealth of hers around. That’s what our wealth is for.
Of course, the Queen Terrorist isn’t the only politico to benefit from crony capitalism and tax payer bailouts:
Did you know that it’s perfectly legal for members of Congress to trade on information they gather about companies in the course of their work? Not only is this legal, but research suggests that the average member of Congress earns 25 percent higher returns on their investments compared to the average investor.
It goes without saying that no one actually gives a damn about this.
If people didn’t want to be robbed and deceived we wouldn’t have a terrorist State running around looting people while militarily occupying the entire planet.
People love it. They worship it. They adore it. They sing hymns of praise to the State while trumpeting the values of the Constitution which codifies the legitimacy of the State to engage in theft and mass warfare.
The only way to dismantle crony capitalism is to eliminate the power of politicians to spend other peoples’ money. There is no other logical alternative.