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Posted >1 y ago
Responses: 9
The way to understand how wealthy a politician really is and to determine how lucrative it is to be a politician, is to look at the net worth of their near relatives and associates (spouse, children, parents, siblings, business partners, charitable foundations, etc) and compare the difference in their wealth before and after they entered politics.
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MAJ James Woods
Did you notice the amount of politicians have real estate investments on that list? That was eye opening.
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You're being satirical right? You didn't know there were Democrat millionaires? Money doesn't know party affiliation so how is any of this a surprise to anyone. You're a retired LTC, I'm sure you know how net worth works.
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LTC David Brown
MAJ James Woods - why? Democrats still don't realize they were the party of the Klan.
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Maj John Bell
MAJ James Woods - Lincoln's income tax was to fund the Union's civil war effort, one of the conditions was that the Revenue Act of 1862 was self canceling in 1866. Surprise! It is 1872. The war is over. The income tax is still in place, until SCOTUS rules an income tax unconstitutional. It took until February 3, 1913 for the 16th amendment to be ratified, allowing Congress to be the money sucking beast it has become; a sad day for America.
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MAJ James Woods
@MAJ John Bell, LOL! Stop trying so hard. Just can't handle the fact that Lincoln was more than a Republican by affiliation but a leader with vision who understood some progressive policies were good for the nation.
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MAJ James Woods
@LTC Dave Brown, maybe when you accept racism existed in both parties because geography played a bigger role than party affiliation. You show me a Southern Democrat who supported Jim Crow and anti Civil Rights, I'll show you a Southern Republican with similar beliefs. Do you need to be reminded that Civil Rights Act took bipartisanship to combat the racism of the south. Not denying racism didn't exist elsewhere but don't remember any Jim Crow laws in the NE, NW, Mid W; it was more subtle, not overt.
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Many have "blind" trusts that hold their assets to create a veil between them and assets that could create a conflict of interest...I'm not sure how thin those vies might be. In the case of Diane Feinstein and others, they are also married to very wealthy people.
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LTC (Join to see)
Thank you Sir. I will have to research that 'blind' trust. But that is what I am talking about here. We should have a Vet Money Management Program (VMMP) or get a cooler name, with the intent to show service members the path to fiscal prosperity. I think one main contributor to service member disciple issues is due to poor money management. Parents don't teach it and it is not taught in school. Kinda like a Motley Fools but targeted for military folks. It may already be out there and I just have not found it.
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Sgt Martin Querin
Michael, there are a few organizations that will help military with budgets, finance, investing, etc. How well they do this depends to some extent on the people that work for these companies in whatever region you are stationed.
First Command - this organization is everywhere, but the service is somewhat dependent on the regional director in your area.
Edward Jones is another business that serves military with investments and insurance.
USAA will help with more than insurance. They will provide investment and finance solutions.
Lastly, if you are so inclined, there is a great faith based organization that will help anybody and they are generally speaking very sound and solid with helping in the area financial planning, budgeting and fiscal responsibility; search for Crown Financial Ministries. Hope this helps...
First Command - this organization is everywhere, but the service is somewhat dependent on the regional director in your area.
Edward Jones is another business that serves military with investments and insurance.
USAA will help with more than insurance. They will provide investment and finance solutions.
Lastly, if you are so inclined, there is a great faith based organization that will help anybody and they are generally speaking very sound and solid with helping in the area financial planning, budgeting and fiscal responsibility; search for Crown Financial Ministries. Hope this helps...
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