Lifestyles of the Rich and Leftist
by Gary Jason
"Next consider Ralph Nader, the ultimate corporation basher and perennial candidate for the presidency (not to mention sainthood). Nader's persona is that of the Spartan lefty, the "walk the walk not just talk the talk" opponent of the hideous corporate greed that dirties the soul of America. When he visited the Soviet Union back in the 1960s, he admired the lack of consumer products, and when he returned to Russia after the collapse of the Soviet system he was dismayed to hear people praising free market economics. To Nader, corporations are evil: they dominate governments, rig prices, sell dangerous and useless products, and generally hurt our standard of living.
But in his personal life, about which St. Ralph is very secretive, things are different. He lives well, using a D.C. mansion that he apparently owns (though the title is in his sister's name), earns millions from speaking and writing, and invests in - big, multinational corporations! He has net assets of about $4 million, most of it in corporate stock, such as the $1 million he owns in Cisco Systems, not to mention his stocks in major defense contractors such as GE and IBM. He controls nonprofit organizations and trusts, all secretly run, with his family members on the governing boards. His charitable foundations give away 4% of their assets every year, the lowest amount possible to keep their IRS tax-exempt status. The remaining assets are also in corporate stock, including telecom monopolies such as Verizon, BellSouth, and Qwest."