I know. I know. We have all heard stories about rich people using their positions as wealthy people to become wealthier.
There we all those Enron guys, Jack Abramoff who was guilty of extensive corruption investigation, that smirking pharmaceutical man, Bernard Madoff, people like that, but it seems we have it all wrong.
Larry Kudlow, who had been an advisor to Trump’s transition team and more recently a contributor on the “fake news” station CNBC, is the top candidate to lead the next White House Council of Economic Advisers.
He doesn’t have a good record giving economic advice or making economic predictions. Just before the big collapse in 2008 he told us not to worry because all would be fine and people’s jitters were unnecessary.
And now he has asserted that the wealthy are incapable of corruption because they’re wealthy.
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“Why shouldn’t the president surround himself with successful people? Wealthy folks have no need to steal or engage in corruption.”
They may have no need to steal, but past and present events show that they really like to.
Trump, himself, was born into wealth, but is known to have cheated contractors out of the pay they earned doing work for him, has run such scams as Trump University, and has boasted about his success at corrupting politicians.
The super wealthy like to defend their administration positions by explaining that wealthy people have had success and Trump wants successful people in positions of authority.
Kudlow’s approach, that Trump’s team won’t be corrupt because it’s filled with the rich, is a new approach.