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+--- Thread: How do Politicians Get Rich? (/showthread.php?tid=615)
How do Politicians Get Rich? - InvestmentGuru - 12-30-2023
If you look into the money that politicians have, whether they're local or global, you'll notice that many of them are really rich, like, millions or even billions of dollars rich. How do they end up with so much money?
When you see a politician with loads of cash, you might think, "Oh, they must be doing some shady stuff, like stealing money and getting away with it because they're in charge." And you know what? That might be true. Corruption isn't just a problem in poorer countries; it happens in rich ones too. Just look at Nicolas Sarkozy, the ex-President of France – he got thrown in jail for being corrupt.
Another way politicians make money, which is kind of legal in the United States, is by getting donations from lobbyists. These are business folks who give money to politicians, hoping they'll pass laws that benefit their businesses.
Then there's the commission method. Politicians might get extra cash from companies for doing them favors, like scoring them big contracts.
And let's not forget the good old high salary and perks. Politicians earn a lot, plus they get cool extras. That adds up too.
RE: How do Politicians Get Rich? - Maria - 02-06-2024
Not all politicians get rich through illegal means. Politicians can accumulate wealth through legal means such as salaries, book deals, and investments. Some may benefit from speaking engagements and board memberships after leaving office. However, concerns arise when politicians engage in questionable practices like insider trading, lobbying, or accepting corporate contributions. Public scrutiny is essential to ensure transparency and prevent unethical wealth accumulation. Strict ethics rules and financial disclosures are in place to address potential conflicts of interest and maintain public trust.
RE: How do Politicians Get Rich? - Heatman - 05-30-2024
There are so many politicians in my country who are into shady businesses and that is one of the biggest way they become millionaires.
There are ones that are into legitimate business and others get a lot of donation from people who truly support their campaign to become the politician to run for an office.
RE: How do Politicians Get Rich? - William - 05-31-2024
Politicians often get rich through various means, including high salaries, lucrative speaking engagements, book deals, and investments. Many leverage their influence and insider knowledge for profitable ventures or consulting roles after leaving office. Campaign contributions and political connections can also lead to advantageous business opportunities. Some benefit from real estate investments and serve on corporate boards, further increasing their wealth.