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obama's wealth

obama's wealth | Former President Barack Obama stated in multiple speeches 
that extreme wealth accumulation
 and rising income inequality pose serious threats
 to the economy and democracy; His net worth before presidency - $1.3 M

His net worth after leaving office - $12 M
3 homes and His net worth now - $70M; President Trump lost money after his first term 
yet obama's followers are so brainwashed they call trump and his family corrupt. | made w/ Imgflip meme maker
500 views • 26 upvotes • Made by solcha 1 month ago in politics
19 Comments
6 ups, 1mo,
2 replies
Also the recent investments Trump did(crypto) is legal and above board and he didn't need to weasel around anti-trust laws or get immunity from certain laws like insider trading.
5 ups, 1mo,
2 replies
That is why the left hates President Trump, he doesn't need insider deals, bribes or games to make money.
5 ups, 1mo
Yeah, politicians from both sides don’t like him because he’s hard to be bought.
1 up, 1mo
Obama had a book deal and his homes increased in value so.. Both sides!! ☝️🫪
1 up, 1mo
made w/ Imgflip meme maker
What... a president can't even buy millions of dollars of stock and then give all of their CEOs medals anymore??!!🫪 I thought this was America!! 🫪
6 ups, 1mo,
2 replies
All animals are equal, but some animals are more equal than others. Party elites deserve more because they work so hard for us. Cognitive dissonance is what Leftists do. It does not have to make sense.
4 ups, 1mo
True
[deleted]
5 ups, 1mo,
1 reply
5 ups, 1mo
Next...
4 ups, 1mo,
2 replies
This is why no one should pay any attention to Obama. Any wealth accumulation, including extreme, is good for everyone.

WEALTH IS NOT FINITE. Rich people are NOT keeping you from living better. It is not like all of wealth (not money) is hoarded by the rich. Money can be finite but money is only one representation of wealth.

That means it is entirely possible for a homeless person to become mega-rich. The book and later the movie, "The Pursuit of Happyness" is not fiction. Chris Gardiner, the author of the book, it is his journey from homelessness to rich. I doubt he is the only one to do that. And it doesn't take the government to help. In fact what the government does is get in the way. That is why there aren't more rich people.

When the economy is good and there are plentiful jobs in the private sector then that tide lifts all boats and it is doing that right now. We have the lowest poverty rate ever recorded right now. People are earning more money now than in the last several years, even though Biden's inflation as horribly devalued the dollar.
3 ups, 1mo,
1 reply
It's interesting that the dems/leftists, especially those in power, complain about affordability while saying or doing things that ruin the purchasing power of the dollar.
3 ups, 1mo
They hate it when gasoline costs more than it should but they absolutely love it when the government costs far more than any amount of inflation or price increases. They feel patriotic when they are forced to pay more in taxes. They won't voluntarily pay more taxes, which is something that can be done. They only want taxation by force.
0 ups, 1mo
1 up, 1mo
0 ups, 1mo
Yeah, I'm sure COVID had nothing to do with Trump losing money in his first term... He didn't give away money like some generous philanthropist. It was taken from him like the rest of us.
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  • IMAGE DESCRIPTION:
    Former President Barack Obama stated in multiple speeches that extreme wealth accumulation and rising income inequality pose serious threats to the economy and democracy; His net worth before presidency - $1.3 M His net worth after leaving office - $12 M 3 homes and His net worth now - $70M; President Trump lost money after his first term yet obama's followers are so brainwashed they call trump and his family corrupt.