Pelosi decries 'superfluous inordinate wealth' despite massive personal fortune

 January 22, 2023

In yet another example of the “rules for thee, not for me” attitude of the left, former House Speaker Nancy Pelosi (D-CA) approvingly quoted Dr. Martin Luther King Jr.'s words on income inequality, but her own personal fortune – that runs into the $100M range – stands as a strong reminder that her own lavish lifestyle destroys any credibility she might have mustered on the matter.

Pelosi took to Twitter to mark the occasion of Dr. King's birthday, and in doing so, pointed to the renowned civil rights leader's insights on equality in an effort to boost her own social justice bona fides.

Pelosi's posturing

“Dr. Martin Luther King, Jr. dedicated his life to the cause of equality – not only in laws, but in hearts and minds as well,” the California Democrat began.

Not content to leave it there, Pelosi added in a second post, “Dr. King wrote: “God never intended for one group of people to live in superfluous inordinate wealth, while others live in abject deadening poverty.”

Pelosi's self-professed concerns about the harms of gross income inequality, however, do not appear to extend to her own life and family, with Newsweek recently reporting that the former speaker's net worth ballooned dramatically during the years she was in charge of the U.S. House of Representatives.

The outlet cited a 2021 estimate from the Washington Free Beacon that put Pelosi's worth in the region of $171.4 million, a tally reached by “taking into account the ranges of all the individual assets and liabilities” in the lawmaker's required federal financial disclosures.

The Beacon further suggested that Pelosi's net worth grew by a staggering $140 million since 2008, prompting some to take a closer look at precisely how those riches were acquired and whether insider information collected in the halls of Congress may have played a role.

Paul's profits

Over the years, the tremendous successes notched by Pelosi – and her husband Paul – in the stock market have drawn particular attention, becoming the subject of voluminous discussion and analysis on Twitter, Reddit, TikTok and YouTube, as the Epoch Times noted last year.

Paul Pelosi was the subject of special scrutiny last summer when he scooped up millions of shares in a computer chip firm just as the Senate was poised to vote on subsidies almost certain to lift its prospects substantially, as the Daily Caller reported at the time.

Regardless of the propriety of the Pelosis' money-making strategies, the successes they have achieved in that realm are undeniable, with the Beacon having reported in the past that the information found on federal financial disclosures alone would place the legislator in the “top one-tenth of the 1 percent of Americans” in terms of wealth.

Hypocrisy on parade

Interestingly, last week was not the first time Pelosi used that specific quote from Dr. King to decry “superfluous” and “inordinate” wealth, as she also recited his words during a 2018 town hall meeting in which she railed against tax reform measures signed by then-President Donald Trump, as the Washington Times reported at the time.

Her comment spurred a member of the audience, who repeatedly – and loudly – inquired, “How much are you worth, Nancy?”

Unwilling to respond to the glaring contradiction between her words and the way she personally lives, Pelosi replied, “No, we're not talking about that. I'm a mother of five, I can speak louder than anybody.”

As Pelosi revealed back then – and once again last week – she has no qualms about unapologetically adopting the time-tested Democrat philosophy of “do as I say, not as I do.”

" A free people [claim] their rights, as derived from the laws of nature."
Thomas Jefferson
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