If you’ve ever wondered why Congress seems to be populated almost exclusively by millionaires, wonder no more. They get their wealth from investments. Unlike you and me, though, they don’t speculate in a stock unless they know — not “think” but know, positively and at once — whether the stock is going to go up or down.
How do they get this knowledge? Why, just by doing what we pay them a salary to do: by writing laws that increase the stock’s tax burden, in which case the stock’s price goes down, or ease it somewhat, whereupon it goes up. That is what could be called Investing for Dummies, because you really don’t need a high IQ to make a lot of money that way, and it’s fairly legal.
Is it honest, though? Well, no, it isn’t exactly honest. But do you know of any Congressman who doesn’t do it?
There are a few, and there are a larger number who, at least, don’t make their money the easy way by simply selling the information to outside investors. But if you were in such a position, how long would it be before you yourself decided to become a millionaire?