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‘Working Class’ Democratic Socialist State Senator Reports $10 Million Trust Fund

Summary:
As it turns out, AOC isn't the only democratic socialist politician who misled the public about her "working class" roots to help get elected. Julia Salazar, the Brooklyn state senator and DSA - that's Democratic Socialists of America - member who unseated a rival Democrat last year with the help of the city's increasingly active ...

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As it turns out, AOC isn't the only democratic socialist politician who misled the public about her "working class" roots to help get elected. Julia Salazar, the Brooklyn state senator and DSA - that's Democratic Socialists of America - member who unseated a rival Democrat last year with the help of the city's increasingly active democratic socialist machine, lied about growing up in a financially challenged immigrant family in Bushwick.

'Working Class' Democratic Socialist State Senator Reports $10 Million Trust Fund

In a recent filing with the state's Joint Commission on Public Ethics, Salazar revealed that she's actually the beneficiary of a trust fund worth more than $10 million. Though the Salazar campaign is now claiming that this was a reporting error, and that the trust fund is worth "only" $400,000.

Either way, Salazar used money from the fund to pay for living expenses while she was busy campaigning to unseat centrist Democrat Martin Dilan, whom she painted as a friend to the developers who were 'ruining' Brooklyn by driving the tide of gentrification.

The trust fund was left to Salazar by her father, Luis Salazar.

'Working Class' Democratic Socialist State Senator Reports $10 Million Trust Fund

Salazar told the New York Post that she misread the form's categories, and thought the "$10 million and over" designation was actually the "$10,000 and over" designation (we hope she's not making these types of errors while writing up proposed legislation).

"I looked at it in a cursory way...I mistook the comma versus the decimal point, so it added it extra zeros.”

Yet, amazingly, the rest of the form was filled out correctly.

Salazar doesn't control the trust fund, so she isn't required to state its value. Her aunt reportedly controls the fund, which benefits Salazar and her brother and other family members.

As recently as 2011, the fund had "in excess" of $600,000.

Salazar attracted a groundswell of support from the rose-emoji crowd by claiming to be a working class immigrant who grew up in poverty. As it turns out, she was actually born in the US, to a family that her own brother described as "upper middle class."

Some people will say anything for a chance at gaining political power.

Tyler Durden
Tyler Durden (a pseudonym) represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is flawed and a deleveraging at every level of modern society is needed to reinspire the fundamental entrepreneurial spirit. Visit his blog: ZeroHedge (http://www.zerohedge.com/)

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