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Politicians should be banned from stock market. Total conflict of interest.
Eight Democrat Senators agree with you, and cosponsored a bill in September that died at introduction.
https://www.congress.gov/bill/118th-congress/senate-bill/2773/all-actions-without-amendments
if we keep electing people trying to maintain the status quo, then it'll never happen
It’s a catch-22. To get elected, you need to learn to manipulate within the system. Once elected, you know how to leverage the system, so why would you change it?
The best chance we’ll have for systemic change will come when boomers die off. That shouldn’t discourage efforts today, but impart some hope for the future.
I want to believe that the most change will happens when boomers are gone, but I don’t trust that the new era of politicians won’t get caught up in the game.
What does that mean?
It wasn’t put to a vote after being read aloud on two separate introductions. It was then forwarded to the Senate Homeland Security and Governmental Affairs Committee where it went to die.
They don’t review it and then hand it back to congress?
If they see value in the bill they can mandate a vote. That was over six months ago, so I wouldn’t hold my breath.
they're probably all sucking the teat one way or another, even at the lowest levels.
Good Work just recently put out a video on this very topic. Informative and hilarious as usual!
https://youtu.be/vT-u-SPj4_c
Thanks! I never heard of this show.
I'd be fine if they were allowed to invest in things like mutual funds so that they could take advantage of the market without being able to do insider trading of a specific stock.
that would be better, but they could still invest in specific sectors or industries.
Yep, and maybe that's somewhat acceptable, but we could also confine it to diversified mutual funds meeting specific criteria.
Edit: confine, not congratulations
Congratulations!
But yeah you gotta limit it