“They make a GREAT salary and get it for life.”
True. But however good their salaries are, they aren’t high enough to be support the lives of luxury they live. They could live well enough on salaries. They become multi-millionaires in other nefarious ways.
VERY obvious and I should have mentioned it.
Where they tend to live, 170k or whatever is middle class.
The most prominent Nefarious way that has been shown... is the issuance of preferred pre-offering, pre-release shares of Initial Public Offering of a usually NEW company.
The tech stock newbies come out everyday. The scandal alone from face/fake book (which originated as a US DOD/DARPA development— as DARPA LifeLog— kid you not- lifetime massive big brother spying) was monumental.
IPO is “pre-sold” to pliant (all of them) congresspeople— at magnitudes lower price than the ISSUING price, that comes weeks/months later to the public as the Initial Public Offering. Stock comes out— the congress critter has a lot prior. The Stock is pumped up and soars... to a preset high, at which time the “critter” sells and then the stock dumps to the much lower (how coincidental!) price. It is INSIDER trading offered as a BRIBE. Pure and simple. And is done even this day. The reporting requirement skirt around this.
Frankly it is criminal vs. what the rest of SEC supposedly polices for.