Fauci a millionaire, so what

[VentAlarm]

He could be. I have no clue about his appetite for wealth. I do have a sense that he could be if he so chose. I do have a sense that he tends to view the world and bend the rules. Probably the most is how he addresses opinion's contrary to his. Gain of function and the need for masks and not addressing the details of effective masks, and tolerating the attacking of legitimate scientific questions. Yes, his ethics are questionable. At his age I do not care. I really don't care about his wealth. I find it offensive that he is science and any questions are ignorant. I don't trust him. He could have a tidal wave of financial options coming his way. He is a cash basis taxpayer. If it has not happened, nothing to disclose. A functional gain of wealth is possible. Fauci would not say a thing.

Whether right or wrong is actually unimportant. He has damaged trust in the role he has. No doubt about that. Appearance of impartiality is just as important as reality. Time to go. Let someone else have a shot.

I think smug is the word you’re looking for.

[CordMcNally]

If anything, he’s underperformed financially with where he should be. Do the other members of Congress and I bet we won’t find underperformance to be a big issue.

[Anne]

I would be surprised if Fauci didn’t have this much. In fact, I’m surprised it’s not higher.

CSRS (which Fauci should be under) has a much more generous pension calculation than the current FERS.

I had to do a govt financial disclosure last year for the first time. It’s much easier to fill out if you only have mutual funds and/or index funds. They are primarily looking for conflicts of interest, I.e. do you have large amounts of stock in one company that may be used for govt contracting etc. that may sway your decision making.

I was curious about Roger Marshall who is the one making a big deal about Fauci here so googled him…So this article states Roger Marshall’s most recent financial disclosure lists a net worth of somewhere between “3.9 and 12.2 million”. What? Talk about vague/inaccurate reporting

https://amp.kansascity.com/news/politics-government/article244046022.html

[Tim]

I think smug is the word you’re looking for.

I personally do not classify scientific opinion and the opinion of a scientist as smug. Some put him on a pedestal. They can do that. Smug and arrogant are rather soft. No reason to throw stones at an old man. Leave it at that. Only a moron would not have used his position to investigate the origins of Corona virus. Let the facts speak. He was loyal, but to whom?

[Hatton]

I would expect him to be wealthier. It would be interesting to interview him if he was honest about how he manages his money. He likely has an "advisor".

[VentAlarm]

I personally do not classify scientific opinion and the opinion of a scientist as smug. Some put him on a pedestal. They can do that. Smug and arrogant are rather soft. No reason to throw stones at an old man. Leave it at that. Only a moron would not have used his position to investigate the origins of Corona virus. Let the facts speak. He was loyal, but to whom?

I’m saying nothing of his knowledge or opinions when I describe him as smug - I’m describing how he comes off as a person. He’s obviously an incredibly bright guy who’s done a lot of good (and some harm), but that doesn’t negate the fact that he’s often spoken in black and white terms when shades of grey are more appropriate. He has acted as if he knows the future with certainty and acted as if his opinions and recommendations are unassailable. That is arrogant.

And that’s not even getting into him using a “whoa is me, I’m just a doctor, not a politician” attitude when it suits him, then wading into public policy with conviction when he chooses.

[G]

I would be surprised if Fauci didn’t have this much. In fact, I’m surprised it’s not higher.

CSRS (which Fauci should be under) has a much more generous pension calculation than the current FERS.

I had to do a govt financial disclosure last year for the first time. It’s much easier to fill out if you only have mutual funds and/or index funds. They are primarily looking for conflicts of interest, I.e. do you have large amounts of stock in one company that may be used for govt contracting etc. that may sway your decision making.

I was curious about Roger Marshall who is the one making a big deal about Fauci here so googled him…So this article states Roger Marshall’s most recent financial disclosure lists a net worth of somewhere between “3.9 and 12.2 million”. What? Talk about vague/inaccurate reporting
https://amp.kansascity.com/news/poli...244046022.html

I don't have a dog in the hunt, but that is the same as I was thinking. These pompous blowhard politicians re-define hypocrisy on a daily basis.

[Tim]

I would be surprised if Fauci didn’t have this much. In fact, I’m surprised it’s not higher.

CSRS (which Fauci should be under) has a much more generous pension calculation than the current FERS.

I had to do a govt financial disclosure last year for the first time. It’s much easier to fill out if you only have mutual funds and/or index funds. They are primarily looking for conflicts of interest, I.e. do you have large amounts of stock in one company that may be used for govt contracting etc. that may sway your decision making.

I was curious about Roger Marshall who is the one making a big deal about Fauci here so googled him…So this article states Roger Marshall’s most recent financial disclosure lists a net worth of somewhere between “3.9 and 12.2 million”. What? Talk about vague/inaccurate reporting
https://amp.kansascity.com/news/poli...244046022.html

I do believe it is a function of the reporting requirements. Your reporting might be different than a political figure. Neither one is likely misleading. Should we have tax returns disclosed or leaked? Just saying any government form is a PITA.

[Anne]

I do believe it is a function of the reporting requirements. Your reporting might be different than a political figure. Neither one is likely misleading. Should we have tax returns disclosed or leaked? Just saying any government form is a PITA.

I have no doubt my reporting form is different/less complex. But either way this is just another example of the pot calling the kettle black in politics.

[Dusn]

I personally do not classify scientific opinion and the opinion of a scientist as smug. Some put him on a pedestal. They can do that. Smug and arrogant are rather soft. No reason to throw stones at an old man. Leave it at that. Only a moron would not have used his position to investigate the origins of Corona virus. Let the facts speak. He was loyal, but to whom?

What power does Fauci have to investigate the origins of Covid? Scientists at the NIH have no power as far as I know.

I’ve recently learned how little power the FDA even has when safety issues with drugs and devices are reported. Recalls are almost all voluntary because the FDA can’t do anything to already approved/cleared drugs/devices. It was interesting to learn how different reality is from public perception.

[Craigslist]

Frankly, I’m surprised it’s that low. He’s been practicing forever. Came out when student loans weren’t an issue. And we’ve had crazy good market returns. And he’s got royalties off of books. Only 6k a year at 10.9% (trailing 50y market returns to 2020) over 50 years puts him at just shy of 11M without matching. I know $6k isn’t the same now and 50y ago and I realize he’s going to have some cash and bonds, but it’s a lot easier to throw that in a compound interest calculator.

Yes, 10M sounds like a ton (and it is), especially to the average non-WCI, but I feel like the only reason a doctor should have a number that low if they live and practice until 80 is 1)intentionally divesting late in life 2) poor investment choices or 3) low savings rate.

Edit: I plugged in my values wrong:

[Tim]

I have no doubt my reporting form is different/less complex. But either way this is just another example of the pot calling the kettle black in politics.

The disclosure is one thing, the restrictions for conflict of interest is another. I have worked in several spots that the level of financial interest permitted was ZERO in restricted investments at anytime. Those did not include mutual funds or indexes. Specific company stock at anytime was prohibited if it was a client of the firm.
Independence was a requirement of not only the individuals but for any employee of the firm. (Including support staff).
Anyone working for PWC (globally) would not be permitted to own a single share of Tesla. Independence is tremendously difficult to legislate without a 100% prohibition. Even MF or indexes can be so narrowly targeted that a financial interest exists.
I personally feel tax returns should be available only for investigations and legal proceedings. Revealing them without the filer consent should result in very serious consequences. Of course, call it political or personal preference, disclosure and requirements are always problematic.

[childay]

Edit: I plugged in my values wrong:

I'm thinking you put 6K per month not yearly

[Craigslist]

I'm thinking you put 6K per month not yearly

Ya first time i did it it came out to 122M.

[Tim]

What power does Fauci have to investigate the origins of Covid? Scientists at the NIH have no power as far as I know.

I’ve recently learned how little power the FDA even has when safety issues with drugs and devices are reported. Recalls are almost all voluntary because the FDA can’t do anything to already approved/cleared drugs/devices. It was interesting to learn how different reality is from public perception.

Did not say he had the power. He did go on to oppose any efforts. And he did not discuss information that had been given to him.

https://www.newsweek.com/timeline-what-dr-fauci-has-said-about-wuhan-lab-covids-origins-1594698

The emails clearly indicate he had been advised. Much less than a "scientific" approach. It memory is correct, he was strongly indicating that his contacts in China were complete;y reliable and really need to take at face value. No lab origination.

https://www.newsweek.com/how-dr-fauci-other-officials-withheld-information-chinas-coronavirus-experiments-1652002

I don't trust Fauci and he was leading the opposition to verification.