Nancy Pelosi’s remarks on Congress insider trading shed light on the substantial wealth amassed by some members of Congress. The collective net worth of the 50 wealthiest individuals in Congress stands at a staggering $4.8 billion. This considerable wealth stands in stark contrast to their official annual salary of $174,000. To put this into perspective, if these lawmakers were to rely solely on their salaries, it would take them a staggering 27,500 years to accumulate the same wealth they currently possess. This information underscores the financial disparities between the reported earnings of public officials and the significant wealth they have accrued, prompting discussions about potential financial practices, including the controversial issue of insider trading.
— Win Smart, CFA (@WinfieldSmart) November 14, 2023
It took 234 years for the Supreme Court to establish a code of ethics.
This occured because of the numerous financial conflicts in the court and lack of transparency around the Justices personal finances.
Up next, get Congress banned from trading.
— unusual_whales (@unusual_whales) November 14, 2023
This one change, banning the trading of stocks by members of Congress, could stop a few wars in the future.
— Wall Street Silver (@WallStreetSilv) November 14, 2023