They mostly attend private prep schools and Ivy League institutions chauffeured in black SUVs with armed guards. They have staff and they haven’t earned a single dime of their bloated net worth. Political privilege – which is not only for white folks, as it comes in every color and creed – can be found abundantly in the nepotism capital of the United States, the Swamp.
Barron’s, a financial publication, recently reported that the darling former First Daughter, Chelsea Clinton, has profited by sitting – not working — on the board of IAC/InterActiveCorp. It’s a media and internet investment company with ownership stakes in 150 well-known brands, such as Tinder, Angie’s List, and HomeAdvisor.
Chel is awarded, for simply breathing air, an annual $50,000 retainer and $250,000 worth of restricted IAC stock units that have netted her $9 million in compensation since 2011. And, really, who can blame a gal for following in the comfortable footsteps of mommy and daddy. As our emboldened Liberty Nation’s Graham Noble observed, “Chelsea Clinton. Smart, funny, educated, fascinating, beautiful; she’s none of those things, yet she occupies a special place in the heart of every American.”
Or so it appears.
And then we have Hunter Biden, the cocaine-beleaguered second man-child of Joe Biden, who couldn’t pass a drug test and was, embarrassingly for any other former vice president, turned away by the Navy. Liberty Nation’s Tim Donner has so eloquently described the blatant privilege young Hunter received on the global stage for doing nothing:
“Right. It really has nothing to do with the son of the former vice president lining his pockets with untold millions from Ukraine and China in the immediate aftermath of his father’s state visits to those very locations.”
As Ronna Romney McDaniel, chairwoman of the Republican National Committee, snarked on Twitter, “Hunter Biden got $50K a month from a Ukrainian energy company, despite having ZERO experience in energy. His justification? That he was also on the board of Amtrak – more obvious nepotism.”
But we should mention that Ronna is the niece of Sen. Mitt Romney (R-UT).
Unethical or Just Unqualified?
The blatant advancement and financial enrichment of children of political families – for less-than-remarkable qualifications – is rampant. Karen Waters, daughter of Representative Maxine Waters (D-CA), has been paid hundreds of thousands of dollars for sending out mailers. And take another gander at those chubby-cheeked cherubic-by-birthright geniuses propelled to public positions of some importance: Maria Shriver, Meghan McCain, Chris Cuomo, and Jenna Bush Hager, to name a few. All have traded on their political family names to don pancake makeup and lecture Americans.
But back to young miss who parlayed her time in the White House to a Stanford University undergrad degree, a master’s at University of Oxford, and a whole slew of accolades signified by initials behind her last name. Chel’s first job was meager in pay and so not up her alley: working as a special correspondent for NBC News in 2013 and part of 2014 and pocketing a cool $600,000 simply for putting the Clinton name in the limelight.
But surely the comely lass earned the $9 million for her board of directors’ post – as sure as Hunter Biden was hired by a Ukraine energy company for his vast knowledge of fossil fuels and energy futures. Nice work if you can get it – or should I say if mom and dad got it for you. Elitism? In the Swamp? You must be kidding.
Read more from Sarah Cowgill.