Trump Swamp
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@taiwan_girl said in Trump Swamp:
That's only for 2016 onward and not worth a warm bowl of spit.
How did Joe get rich?
Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
@Jolly said in Trump Swamp:
@taiwan_girl said in Trump Swamp:
That's only for 2016 onward and not worth a warm bowl of spit.
How did Joe get rich?
Forbes puts him at $15M now. He had $10M in taxable income in 2017. He says book deals and speaking engagements.
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@Jolly said in Trump Swamp:
@taiwan_girl said in Trump Swamp:
That's only for 2016 onward and not worth a warm bowl of spit.
How did Joe get rich?
By saving a minimum of 20% of his income every year, putting it in a world stock market index fund and not touching it, just letting it grow.
If you are dedicated saver, after 50 years of "compound" growing, there would be quite a bit of money in a persons account.
I dont know VP Bidens total worth, but the below example shows how a person can build wealth
Investing $100 Monthly: An Example
*Now suppose the same 30-year-old investor finds a way to save an additional $100 per month. He contributes the extra $100 to his portfolio and keeps reinvesting his dividends and interest payments. His investment still earns 8% per year. For simplicity's sake, assume compounding takes place once per year in January.After a 30-year period, thanks to compound returns and a small monthly contribution, his portfolio will grow to $186,253.14 (as compared to $50,313.28 without the monthly contributions). While $186,253.14 is not enough money to retire on, especially after 30 years of inflation, remember that this is just with $100 a month in contributions and returns below historical averages.
Suppose the annual return is 9%, which is closer to historical averages for a 30-year period. With a $5,000 principal investment and $100 monthly contributions, the portfolio grows to $229,907.44. If the investor is able to save $200 a month for contributions, the future value of his portfolio is $393,476.48.*
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He also saved a ton of money by switching to Geico, as well as by not paying large sums to porn stars he hadn't slept with.
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@taiwan_girl said in Trump Swamp:
@Jolly said in Trump Swamp:
@taiwan_girl said in Trump Swamp:
That's only for 2016 onward and not worth a warm bowl of spit.
How did Joe get rich?
By saving a minimum of 20% of his income every year, putting it in a world stock market index fund and not touching it, just letting it grow.
If you are dedicated saver, after 50 years of "compound" growing, there would be quite a bit of money in a persons account.
I dont know VP Bidens total worth, but the below example shows how a person can build wealth
Investing $100 Monthly: An Example
*Now suppose the same 30-year-old investor finds a way to save an additional $100 per month. He contributes the extra $100 to his portfolio and keeps reinvesting his dividends and interest payments. His investment still earns 8% per year. For simplicity's sake, assume compounding takes place once per year in January.After a 30-year period, thanks to compound returns and a small monthly contribution, his portfolio will grow to $186,253.14 (as compared to $50,313.28 without the monthly contributions). While $186,253.14 is not enough money to retire on, especially after 30 years of inflation, remember that this is just with $100 a month in contributions and returns below historical averages.
Suppose the annual return is 9%, which is closer to historical averages for a 30-year period. With a $5,000 principal investment and $100 monthly contributions, the portfolio grows to $229,907.44. If the investor is able to save $200 a month for contributions, the future value of his portfolio is $393,476.48.*
Stop trying to make excuses for the man. He got rich by being a corrupt politician.
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@taiwan_girl said in Trump Swamp:
@Jolly said in Trump Swamp:
@taiwan_girl said in Trump Swamp:
That's only for 2016 onward and not worth a warm bowl of spit.
How did Joe get rich?
By saving a minimum of 20% of his income every year, putting it in a world stock market index fund and not touching it, just letting it grow.
If you are dedicated saver, after 50 years of "compound" growing, there would be quite a bit of money in a persons account.
I dont know VP Bidens total worth, but the below example shows how a person can build wealth
Investing $100 Monthly: An Example
*Now suppose the same 30-year-old investor finds a way to save an additional $100 per month. He contributes the extra $100 to his portfolio and keeps reinvesting his dividends and interest payments. His investment still earns 8% per year. For simplicity's sake, assume compounding takes place once per year in January.After a 30-year period, thanks to compound returns and a small monthly contribution, his portfolio will grow to $186,253.14 (as compared to $50,313.28 without the monthly contributions). While $186,253.14 is not enough money to retire on, especially after 30 years of inflation, remember that this is just with $100 a month in contributions and returns below historical averages.
Suppose the annual return is 9%, which is closer to historical averages for a 30-year period. With a $5,000 principal investment and $100 monthly contributions, the portfolio grows to $229,907.44. If the investor is able to save $200 a month for contributions, the future value of his portfolio is $393,476.48.*
Ok, you're $4.6M short.
How did Joe get rich?
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1789–1815 $6.00 per diem
1815–1817 $1,500 per annum
1817–1855 $8.00 per diem
1855–1865 $3,000 per annum
1865–1871 $5,000 per annum
1871–1873 $7,500 per annum
1873–1907 $5,000 per annum
1907–1925 $7,500 per annum
1925–1932 $10,000 per annum
1932–1933 $9,000 per annum
1933–1935 $8,500 per annum
1935–1947 $10,000 per annum
1947–1955 $12,500 per annum
1955–1965 $22,500 per annum
1965–1969 $30,000 per annum
1969–1975 $42,500 per annum
1975–1977 $44,600 per annum
1977–1978 $57,500 per annum
1979–1983 $60,662.50 per annum
1983 $69,800 per annum
1984 $72,600 per annum
1985–1986 $75,100 per annum
Jan 1, 1987 – Feb 3, 1987 $77,400 per annum
Feb 4, 1987 $89,500 per annum
Feb 1, 1990 $98,400 per annum
Aug 15, 1991 $125,100 per annum
1991 $101,900 per annum
1992 $129,500 per annum
1993 $133,600 per annum
1994 $133,600 per annum
1995 $133,600 per annum
1996 $133,600 per annum
1997 $133,600 per annum
1998 $136,700 per annum
1999 $136,700 per annum
2000 $141,300 per annum
2001 $145,100 per annum
2002 $150,000 per annum
2003 $154,700 per annum
2004 $158,100 per annum
2005 $162,100 per annum
2006 $165,200 per annum
2007 $165,200 per annum
2008 $169,300 per annum
2009 $174,000 per annum
2010 $174,000 per annum
2011 $174,000 per annum
2012 $174,000 per annum
2013 $174,000 per annum
2014 $174,000 per annum
2015 $174,000 per annum
2016 $174,000 per annum
2017 $174,000 per annum
2018 $174,000 per annum
2019 $174,000 per annum
2020 $174,000 per annumNote: Since the early 1980s, Senate leaders–majority and minority leaders, and the president pro tempore–have received higher salaries than other members. Currently, leaders earn $193,400 per year.
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His speaking fee per even was about $100K. He's was a professor at the Penn Biden Center for Diplomacy and Global Engagement (UPenn) that was worth about 540K/year.
Then he had a couple of books on top of that.
He's worth about $10M-$15M according to Bloomberg/Forbes.
Does crime necessarily have to figure into this? Or is there some fact I'm missing?
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@xenon said in Trump Swamp:
His speaking fee per even was about $100K. He's was a professor at the Penn Biden Center for Diplomacy and Global Engagement (UPenn) that was worth about 540K/year.
Then he had a couple of books on top of that.
He's worth about $10M-$15M according to Bloomberg/Forbes.
Does crime necessarily have to figure into this? Or is there some fact I'm missing?
I know what a professor at LSU makes, even the heads of the departments.
Nobody makes $540K/yr. Why pay Biden that?
Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
@Jolly said in Trump Swamp:
@xenon said in Trump Swamp:
His speaking fee per even was about $100K. He's was a professor at the Penn Biden Center for Diplomacy and Global Engagement (UPenn) that was worth about 540K/year.
Then he had a couple of books on top of that.
He's worth about $10M-$15M according to Bloomberg/Forbes.
Does crime necessarily have to figure into this? Or is there some fact I'm missing?
I know what a professor at LSU makes, even the heads of the departments.
Nobody makes $540K/yr. Why pay Biden that?
Penn has more money? They sell prestige? They stand to make more money with a former VP as part of their faculty?
Why does Harvard pay more than LSU?
Simple explanations don't have to be sinister.
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The average professor's salary at Penn was $214,00).
https://www.phillymag.com/news/2019/07/10/joe-biden-penn-salary/
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@Jolly said in Trump Swamp:
Nobody makes $540K/yr. Why pay Biden that?
Same reason that lobby companies pay former government officials large sums of money so that the officials can be on their letterhead and make phone calls to introduce and connect people
Same reason companies MAY do business with President Trumps children when other equivalent companies may be better
Same reason a Ukraine company would have VP Bidens son on the board.
Influence, publicity and (potential) access to power
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@Jolly said in Trump Swamp:
How did Joe get rich?
From over a year ago:
https://www.politico.eu/article/joe-biden-presidential-bid-family-business-history-democrats/
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You want to compare Biden's class to Tao's?
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@Klaus said in Trump Swamp:
@Jolly said in Trump Swamp:
Nobody makes $540K/yr.
Not true. “Superstar” professors can make that and more, even at public universities. For instance, Terrence Tao at UCLA makes around $500k per year.
I didn't even have to look him up. I wonder how much of that is due to his cultural cache, among a niche, of having the highest IQ in the world.
Education is extremely important.
