• @bramblepatchmystery@slrpnk.net
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    934 months ago

    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.

    • @chemical_cutthroat@lemmy.world
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      684 months ago

      Out of the top 50 wealthiest politicians, only 18 are Dem, the other 32 are Republican. Memes like this are 100% fronted by conservative smoothbrains.

      • @AA5B@lemmy.world
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        144 months ago

        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

      • @FiniteBanjo@lemmy.today
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        4 months ago

        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.

      • speck
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        34 months ago

        We can’t be critical across the board?

        • 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.

      • @MinorLaceration@lemmy.world
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        -74 months ago

        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.

        • Shadow
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          114 months ago

          Way to round the numbers in favor of your argument. 64% vs 36% isn’t a big difference?

    • @Viking_Hippie@lemmy.world
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      -114 months ago

      she is married to a venture capitalist who got rich off oracle or some other company but mostly insider trading tips from her.

      There, fixed it for you.

      • @bramblepatchmystery@slrpnk.net
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        244 months ago

        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.

        • @Viking_Hippie@lemmy.world
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          04 months ago

          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…

      • @some_guy
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        34 months ago

        The people downvoting this didn’t read about the trades made by congress people right before we declared a pan.

        • @Viking_Hippie@lemmy.world
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          14 months ago

          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.

  • @Furbag@lemmy.world
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    434 months ago

    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.

      • @ikidd@lemmy.world
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        24 months ago

        It’s funny how the spouses of elected representatives with insider information suddenly become investment wizards that seemingly don’t make mistakes choosing stocks.

        Funny.

  • @stoicmaverick@lemmy.world
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    264 months ago

    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!

    • andrew
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      64 months ago

      When you’re in Congress it’s just called insider research.

      • @Lionheart_xa@lemmy.world
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        04 months ago

        Not to defend her or anything, but if she was actually this bad of a trader with all of her insider knowledge. She should just buy SPY (SPY is the fund that covers the entire s&p 500) and stop trying. She would have made more money then what she’s made.

  • Lem Jukes
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    94 months ago

    Obviously she’s 600 years old and been at it almost 5 and a half centuries giverabreak sheesh.

  • @xantoxis@lemmy.world
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    24 months ago

    Well it’s very simple, she’s been collecting her salary for 500 years. Also, she doesn’t have to spend any money.

    • @LifeInMultipleChoice@lemmy.world
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      4 months ago

      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?