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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (16815)9/19/2023 12:35:46 PM
From: Kirk ©  Read Replies (1) | Respond to of 26808
 
Warren and her husband released their tax returns.

Interesting that they made about $1M last year and 10% was from Social Security ($100K so max for two people?) and pensions accounted for another 20% or $200K.

Tax Returns | Elizabeth Warren

elizabethwarren.com

The article that says she's worth $73 M was removed from Bing... but I found it with Google
caknowledge.com

The US isn't all that different than China in how both countries make politically connected people, often part of major universities, very wealthy. I have a neighbor from China that sends his relatives to his house here so their kids can get a high quality education on us taxpayers after his own kids have moved out and now go to college. I asked him how he paid for the house when it was $3M and he said he sold two homes in Shanghai, China to raise the funds. He lives in China still and his wife mostly travels and golfs but the house is quite busy with family here getting our expensive, high quality education that they can't get as rich folks in China now... Big crackdown on the wealthy there helping their kids.

Anyway, circling back to Warren, she's politically connected and "they swamp" rewards her well for it... On the East Coast, it seems Harvard is part of the conduit while here we have UC Berkeley giving former high ranking democrat officials HUGE salaries and pensions to "work" there after they "retire."

Remember Janet Napolitano? alumni.berkeley.edu
Is UC Reserve Fund Debacle More Complex Than It Appears? - Cal Alumni Association (berkeley.edu)

Anyway, it is a crying shame that Trump wasn't able to drain the swamp or at least put expiration dates on government spending programs. He had the right idea there.