How Do Politicians Keep Getting So Rich?
Want to make videos like mine? Check out Storyblocks! Get started today at https://storyblocks.com/secondthought How Do Politicians Keep Getting So Rich? – Second Thought SUBSCRIBE HERE: http://bit.ly/2nFsvTS New video every Friday! Citations and Further Reading: Average American salary https://www.ssa.gov/oact/cola/AWI.html 0.1% of Americans by wealth https://economics.princeton.edu/working-papers/top-wealth-in-america-new-estimates-and-implications-for-taxing-the-rich/ Wealth increases in congress https://www.opensecrets.org/personal-finances Majority of lawmakers are millionaires https://www.opensecrets.org/news/2020/04/majority-of-lawmakers-millionaires/ Pelosi net worth https://www.opensecrets.org/personal-finances/nancy-pelosi/net-worth?cid=N00007360&year=2018 Pelosi investments and returns https://jacobin.com/2021/12/house-speaker-paul-stocks-insider-trading-wealth https://www.nerdwallet.com/article/investing/average-stock-market-return Pelosi says no https://twitter.com/ABCPolitics/status/1471222077688532997?s=20 Richard Burr’s pandemic article https://www.foxnews.com/opinion/coronavirus-prevention-steps-the-u-s-government-is-taking-to-protect-you-sen-alexander-and-sen-burr Burr’s stock dump https://www.propublica.org/article/senator-dumped-up-to-1-7-million-of-stock-after-reassuring-public-about-coronavirus-preparedness Stock dump investigations closed https://www.npr.org/2020/05/26/862692569/justice-department-closes-investigations-of-3-senators-burr-inquiry-continues https://www.npr.org/2021/01/19/958622574/doj-drops-insider-trading-investigation-into-sen-richard-burr Business insider investigation into insider trading https://www.businessinsider.com/congress-staff-violated-stock-act-conflicts-of-interest-possible-2021-12 Studies on congress stock returns https://www.researchgate.net/publication/227378283_Abnormal_Returns_From_the_Common_Stock_Investments_of_Members_of_the_US_House_of_Representatives 2017 Public Citizen report https://www.citizen.org/wp-content/uploads/migration/case_documents/2017_stock_act_report.pdf $3.7 spent on lobbying https://www.opensecrets.org/federal-lobbying Top spenders https://www.opensecrets.org/federal-lobbying/top-spenders https://www.opensecrets.org/federal-lobbying/business-labor-ideological Nancy Pelosi $180,000 in lobbying https://www.opensecrets.org/federal-lobbying/top-recipients-details?cycle=2020&id=N00007360 $1 lobbied = $760 return https://sunlightfoundation.com/2014/11/17/fixed-fortunes-biggest-corporate-political-interests-spend-billions-get-trillions/ ⅔ of politicians go into lobbying https://www.citizen.org/news/revolving-door-class-of-2019-nearly-two-thirds-of-former-lawmakers-with-jobs-outside-politics-land-in-influence-business/ Lawmakers get pay raise for going into lobbying https://www.thenation.com/article/archive/when-congressman-becomes-lobbyist-he-gets-1452-percent-raise-average/ Nancy and Paul Pelosi Visa lobbying/investment https://www.reuters.com/article/us-usa-congress-insidertrading/house-insider-trading-bill-takes-dig-at-pelosi-idUSTRE81700720120208 https://www.cbsnews.com/news/new-details-on-visas-attempt-to-influence-pelosi/ https://www.investors.com/politics/editorials/pelosi-corzine-visa-scandal/ Lobbying https://youtu.be/FZVfTCBUkgM Revolving door https://www.opensecrets.org/revolving/ Insider Trading https://youtu.be/TdYqE60-8E8 Being wealthy going in https://www.cbsnews.com/news/why-is-congress-a-millionaires-club/ Follow and Support Second Thought! Twitter: https://twitter.com/_SecondThought Patreon: https://patreon.com/secondthought BuyMeACoffee: https://www.buymeacoffee.com/secondthought CashApp: $JTChapman Watch More Second Thought: Latest Uploads: https://www.youtube.com/playlist?list=PL6SJktA-ecJR_Fq2hhYVEFS11cf1YzG27 Spaaaaaace!: https://www.youtube.com/playlist?list=PL6SJktA-ecJQRpqT-hMTTFx8A6VVH3m6v What If...: https://www.youtube.com/playlist?list=PL6SJktA-ecJRI7VrWf_-mT0z6lrN--Cvi Popular Videos: https://www.youtube.com/playlist?list=PL6SJktA-ecJRx7ZaO9J04Kbob_u5baHxN About Second Thought: Second Thought is a channel devoted to education and analysis of current events from a Leftist perspective. Welcome! Business Email: secondthoughtchannel@gmail.com
