The most liberal Senators in Congress - Bernie Sanders, Elizabeth Warren among them - have three houses, a multi-million dollar bank accounts, and a quite handsome lifestyle. Some like these two have been in office for decades and in so doing have managed to acquire considerable wealth. What they declare is a fraction of their total worth, for canny investment counselling comes with the turf.
It is rumored that Sanders has untraceable accounts in Aruba, St. Vincent and the Grenadines, and Bimini. It might not be the wealth of Croesus, but when Sanders eventually retires, he will be able to live high off the hog.
All this might be expected from a conservative Senator whose contributors are numbered among the top corporations in the country. A little walkin' around money to grease the wheels of government in their favor was well worth the investment; but for a diehard socialist, a man who every day preaches taxation of the rich, redistribution of wealth, and punitive financial restrictions on Wall Street investment unlimited offshore wealth is unexpected.
This is a story not of Bernie Sanders or Elizabeth Warren, but of another Senator who flew beneath the watchdog radar, who was marvelously ingenious about diversifying his sources of income, his investments, and his very unique and profitable financial instruments.
This tale will be about how he managed to acquire vast undetected wealth. His time may come, so adept is he at this subtle chicanery that decades may go by without federal investigation and indictment, but while he is still as free as a bird and enjoying his wealth, the story begs telling.
Senator X - or 'Bob' as he will be called here - was from a small farm community typical of many in rural America a few decades ago but disappearing quickly as agribusiness bulldozes family farms and employs fancy robotics to till, sow, and harvest all in the corporate interest.
Rather than be discouraged by this commercial juggernaut, he was impressed by how efficiently wealth was created. His father had worked long, hard hours just to keep his head above water, secure the land, the farmhouse, the livestock, and his reputation; while in one fell swoop the multinational company with its bottomless resources, paid bottom dollar to family farmers, deployed their high-tech machinery, turned unprofitable wheat fields into soy and corn acreage for processing and export to China.
Money was to be made in America, easy money, and it only took enterprise, a feel for risk and opportunity, and a silver tongue. Investments came forthwith to those with a tale of profit to tell.
He decided early on that politics would be his path to fortune. He would benefit from the wealth of others rather than have to create it himself. Political office was exactly the place, for the more he studied the mechanics of politics - how to win, how to stay in power, and how to enrich yourself while doing the nation's business - the more he was convinced this was the path he would take.
He was smart enough to earn a scholarship to a well-known private university where he majored in finance, went on to business school where he honed his financial talents and studied both the legitimate operations of high-end investment and the schemes of Bernie Madoff, Jeffrey Skilling, and Enron. There was little difference between the two - only a question of which side of street you were working.
As a promising intern for the Congressman from his district who happened to be a member of the powerful Ways and Means committee, Bob learned the intricacies of federal revenue, investment, and rate of return. Not surprisingly the mechanisms of financial management in the private sector were the inverse of the private. No one cared about results only the appearance of doing good, doing the right thing. A hundred million dollars could be allocated and disbursed with good will and heady promises, and then forgotten until it was time to reallocate more funds.
'Tricks of the trade', the Congressman shared with his ambitious intern turned aide thanks to his quickness and financial acumen. Disbursed monies were not exactly forgotten, especially his favorite, 'block grants' made to states for a particular purpose but not tied to any particular project - i.e. none of the usual rigmarole require for specific grants. Governors knew the value of such block grants, cash cows they were for them and their retirement accounts.
It was understood that a certain proportion of each block grant would come back to its Congressional sponsor - in this case Bob's Congressman - and everyone would be happy.
The case of the recently unearthed Somali scandal in Minnesota was a case in point. A portion of the millions that were granted to the Somali fraudsters came from federal grants. The Democrat administration of Joe Biden was eager to put money where its mouth was, stop talking about diversity and inclusivity and invest in it. As usual there was 'leakage' all along the way and politicians from influential Congressional committees to state and municipal authorities took a cut.
How, Bob wondered, could he take advantage of both corporate America's wealth and influence, and the bounty of unaccountable progressive largesse? He could become an Independent, but would be cut off from the centers of partisan power; and in these days of divisive political alignment, being a moderate anything was not in the cards; but if he played these cards carefully - for example convincing corporate interests that he would drag his feet on restrictive legislation and at the same time promising poor constituents of his passion for social reform - he could make money.
The American electorate, as credulous and gullible any, first voted Bob to the House and then to the Senate. He ran brilliant campaigns promising something for all. 'I am a man of the people', he said, 'all people' and went on to detail how he would work with both the private sector and local community organizations to make the state a more productive, equitable place. It was marvelous, and people of his state were taken in hook, line, and sinker.
Now, kickbacks - the stock in trade of any enterprise - cannot be the crude cash-in-envelopes for Senators as they are for municipal aldermen, ward council members, or mayors; but given the high-tech, sophistication of online, encrypted, coded transfers, money 'exchange' can go undetected.
To go into politics, one has to leave moral concerns at the door. There is no place for whining about doing the right thing. Bob's intricate schemes did no harm, were part of the cost of doing business, were pieces of the 'share and share alike' ethos of American public service and corporate enterprise - so even if he did care about ethics, which he didn't - he would be covered.
For all of his years in office, he pleased both progressive activists and corporate investors. He was the go-to man for all comers. There were always accounting loopholes in federal allocation and disbursement rules, and Bob learned how to take advantage of all of them. He continued on his way, charming and charmed, feathering his nest, and accumulating a wealth beyond the dreams of any Bernie Sanders or Elizabeth Warren.
He was beyond suspicion and beyond reproach. If your intention when becoming a politician is to make money, just like any other American entrepreneur, then you spend your time and best efforts in so doing. Governance is simply a matter of covering all bases.
So when Bob retired, he was feted, honored, and praised. There'll never be another one like him, the people of his state all said in unison. They were surprised when he did not return home after resigning from the Senate and found his residency in the small Caribbean island of Bequia unusual; but little did they know. A tax haven, a convenient private airport from which he could fly to the rich watering holes of Miami, Rio, St. Bart's, and St. Thomas, Bequia was the perfect place for him.










