Edgetho
Diamond Member
- Mar 27, 2012
- 19,152
- 11,433
- 1,255
I stole this directly from Ace of Spades HQ. Good site. Worth visiting.
But he found this and I thought it might make a good topic for conversation. Because, we all wonder how Politicians can get so stinking RICH making what is, in DC, a very modest Income..... In a very high Cost-Of-Living area. At least, I do.
I mean, we all know how they do it but we aren't exactly sure of the mechanisms they use.
This is why dems HATE Musk and HATE, HATE, HATE Trump. Because they're trying to stop the grift. To be clear, it isn't JUST dems that are knee-deep in the grift, it's just -- Mostly. Some Republicans are as dirty as it gets. (there's a stink about SCOTUS about to hit -- 'nother thread for another time)
Musk certainly doesn't need any money from DC. In fact, when they offer it to him (Rockets, AI, etc) he refuses it. Trump doesn't need the money. He is also a billionaire that isn't dependent on crooking bucks from The People.
So.......
He says that the US government gives billions to NGOs, who then transfer it to other NGOs, who then transfer it to other NGOs -- you know, like a criminal mafia organization laundering money through shell companies -- before that money is ultimately paid into the accounts of congressmen.
The world's richest man is dying to figure out how lawmakers on Capitol Hill got "strangely wealthy" despite their comparatively modest public salaries.
Speaking at a town hall in Wisconsin Sunday night, Elon Musk suggested that his team at the Department of Government Efficiency (DOGE) will investigate how certain members of Congress have achieved generational wealth.
One attendee at the town hall had asked Musk if DOGE had uncovered evidence of funds wired from the US Agency for International Development (USAID) to Rep. Maxine Waters (D-Calif.), Sen. Adam Schiff (D-Calif.) and Senate Minority Leader Chuck Schumer (D-NY).
"They'll [the government] send the money overseas to one NGO [non-governmental organization], then they'll go through a bunch of them, and then I'm highly confident that a bunch of that money then comes back to the United States and lands in the pockets of the people you just mentioned," Musk replied.
"But it is a circuitous route. It doesn't go directly, but let's just say that there's a lot of strangely wealthy members of Congress where I'm trying to connect the dots of, 'How do they become rich?'"
...
Rank-and-file members of Congress make $174,000 annually. Last year, Musk -- whose net worth is pegged at $330 billion by Bloomberg -- helped kill legislation to raise congressional pay, then later supported an increase as a means of fighting corruption.
Scores of lawmakers who have spent decades in Congress are millionaires.
Two of the wealthiest include former House Speaker Nancy Pelosi (D-Calif.), who has a net worth of about $250 million, and Sen. Rick Scott (R-Fla.), whose personal fortune hovers around $552 million.
Pelosi's wealth largely comes from her and her venture capitalist husband Paul's lucrative investments in companies like Apple, Microsoft, Amazon, Google and Netflix.
Scott's personal fortunes largely stem from his work co-founding HCA Healthcare, a company that runs hospitals and other medical facilities around Florida, and Solantic, an urgent-care clinic chain. His work on both of those companies predates his time in the Senate.
"How do they get $20 million if they're earning $200,000 a year?" Musk further pondered. "We're going to try to figure it out and certainly stop it from happening"
But he found this and I thought it might make a good topic for conversation. Because, we all wonder how Politicians can get so stinking RICH making what is, in DC, a very modest Income..... In a very high Cost-Of-Living area. At least, I do.
I mean, we all know how they do it but we aren't exactly sure of the mechanisms they use.
This is why dems HATE Musk and HATE, HATE, HATE Trump. Because they're trying to stop the grift. To be clear, it isn't JUST dems that are knee-deep in the grift, it's just -- Mostly. Some Republicans are as dirty as it gets. (there's a stink about SCOTUS about to hit -- 'nother thread for another time)
Musk certainly doesn't need any money from DC. In fact, when they offer it to him (Rockets, AI, etc) he refuses it. Trump doesn't need the money. He is also a billionaire that isn't dependent on crooking bucks from The People.
So.......
He says that the US government gives billions to NGOs, who then transfer it to other NGOs, who then transfer it to other NGOs -- you know, like a criminal mafia organization laundering money through shell companies -- before that money is ultimately paid into the accounts of congressmen.
The world's richest man is dying to figure out how lawmakers on Capitol Hill got "strangely wealthy" despite their comparatively modest public salaries.
Speaking at a town hall in Wisconsin Sunday night, Elon Musk suggested that his team at the Department of Government Efficiency (DOGE) will investigate how certain members of Congress have achieved generational wealth.
One attendee at the town hall had asked Musk if DOGE had uncovered evidence of funds wired from the US Agency for International Development (USAID) to Rep. Maxine Waters (D-Calif.), Sen. Adam Schiff (D-Calif.) and Senate Minority Leader Chuck Schumer (D-NY).
"They'll [the government] send the money overseas to one NGO [non-governmental organization], then they'll go through a bunch of them, and then I'm highly confident that a bunch of that money then comes back to the United States and lands in the pockets of the people you just mentioned," Musk replied.
"But it is a circuitous route. It doesn't go directly, but let's just say that there's a lot of strangely wealthy members of Congress where I'm trying to connect the dots of, 'How do they become rich?'"
...
Rank-and-file members of Congress make $174,000 annually. Last year, Musk -- whose net worth is pegged at $330 billion by Bloomberg -- helped kill legislation to raise congressional pay, then later supported an increase as a means of fighting corruption.
Scores of lawmakers who have spent decades in Congress are millionaires.
Two of the wealthiest include former House Speaker Nancy Pelosi (D-Calif.), who has a net worth of about $250 million, and Sen. Rick Scott (R-Fla.), whose personal fortune hovers around $552 million.
Pelosi's wealth largely comes from her and her venture capitalist husband Paul's lucrative investments in companies like Apple, Microsoft, Amazon, Google and Netflix.
Scott's personal fortunes largely stem from his work co-founding HCA Healthcare, a company that runs hospitals and other medical facilities around Florida, and Solantic, an urgent-care clinic chain. His work on both of those companies predates his time in the Senate.
"How do they get $20 million if they're earning $200,000 a year?" Musk further pondered. "We're going to try to figure it out and certainly stop it from happening"
