Billionaire entrepreneur Elon Musk is turning his attention to the mystery of Congressional wealth, vowing to investigate how lawmakers have accumulated millions of dollars despite their relatively modest public salaries. Speaking at a town hall in Wisconsin on Sunday night, Musk said that his team at the Department of Government Efficiency (DOGE) will follow the money to uncover how certain members of Congress have achieved generational fortunes while serving in public office.
Responding to a question about whether USAID funds had been wired to Rep. Maxine Waters, Sen. Adam Schiff, and Senate Minority Leader Chuck Schumer, Musk outlined his theory. He explained that the government sends money overseas to non-governmental organizations (NGOs), which then move funds through multiple channels before some of it mysteriously returns to the United States and into the hands of politicians. While stopping short of making direct accusations, Musk said he was “highly confident” that this process plays a role in the unexplained wealth of certain members of Congress.
“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?’” Musk said. The question is an increasingly pressing one, given that rank-and-file members of Congress make just $174,000 annually, yet many long-time lawmakers are multi-millionaires.
The issue of political wealth is hardly new, but Musk’s comments have reignited scrutiny on high-profile figures in Washington whose personal fortunes far exceed their public paychecks. Among them is former House Speaker Nancy Pelosi, whose estimated net worth of $250 million has been largely attributed to lucrative stock investments in companies like Apple, Microsoft, and Amazon. Another example is Senator Rick Scott, whose personal fortune stands at $552 million, stemming from his work in the healthcare industry before his time in office. While some lawmakers amassed wealth before entering politics, others appear to have seen their bank accounts grow dramatically during their time in public service, a trend Musk is determined to investigate.
“How do they get $20 million if they’re earning $200,000 a year?” Musk pondered, promising that DOGE would dig deep into the issue and work to prevent such questionable financial gains from continuing unchecked.
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8 Responses
And how did YOU get SO RICH, you TURD??
It’s amazing these goons just woke up and realized? It’s called Insider trading and everyone knows they’ve been doing it for 100 years. They have access to info that nobody else has and they make investments based on Advanced knowledge or manipulating the laws with their lawmaking abilities to do favors for whichever businesses. Good morning
apdsvys – Not sure what the relevance is? He works and owns businesses in the private sector. The question is those who serve in jobs in the public sector. Trust me… this question has bothered many Americans for a very long time. there are politicians who have wealth prior to public service… but there are those who do not and acquire significant wealth while in office. He is hinting on truly nefarious means… but there are concerns as well in shall we say lack of fiduciary responsibilities giving them improper opportunities.
He is poking a stick into a hornets nest.
“little tin box” – see the musical “Fiorello”
and in all fairness, not all politicians are corrupt. President Truman drove himself home to the same home he occupied before holding national office. President Eisenhower lived in a modest home in retirement, and lived off his pension.
some politicians manages to lose money by holding public office, e.g. Donald Trump, Elon Musk
To the person who thought “insider trading” – that wouldn’t work in modern times since it would be very obvious. Techniques that are often used include being paid “speaker’s fees” or “lecture fees” funded by allies and those wishing to buy favor, as well as books fees, corporate directorships or other jobs that don’t involve work. Very few politicians have any real job skills other than being politicians with some exceptions (Musk, who doesn’t hold any political office, is an engineer and businessman – Jimmy Carter was a farmer as was George Washington)
Agreed with RebEmes on this. Politicians doing insider trading was actually legal until just recently in 2012 the STOCK act (stop trading on congressional knoweldge act) outlawed it. So since then it has been illegal. I’m not sure how they manage to still get away with it…but there is probably a legal loophole in that law which lets it happen. I mean lets face it most politicians are just lawyers who are popular so they know how to avoid the law.
Politicians skim money off corporations that want them to bend laws to further their gains. Kickbacks all over the place. You give a nice sum under the table and we scratch your back. It’s that simple.
Nancy Pelosi’s wealth is very easily explained, since her husband owns a huge real estate investment and venture capital firm. People like to accuse him of taking advantage of inside information that his wife feeds him, but no one’s been able to prove it yet, and they’ve been trying for a long time. The plain truth is that there’s no reason to suspect it.
Maxine Waters’s husband is a banker, though in that case there have been some very suspicious government contracts that seem to have been steered his way due to her position.
Most rich congressmen were rich before they were elected.