I would extend this to all political appointees. Including judges and justices.
Funny thing is, once upon a time i would have simply assumed that to be the case. Boy was i naive!
They should be allowed to buy indices once a year, and only sell them when they leave office.
This encourages them to actually improve the economy but prevents them from using insider info to a large extent.
Perhaps it should be a new index that tracks a bunch of the major and minor indices, so anything they did try to pump would have minimal effect, but shutting devastating to the wider economy (like tariffs, spring workers, killing aids programs that funded US farmers etc) would be resisted.
But I’m not American nor an economist so 🤷
Perhaps it should be a new index that tracks a bunch of the major and minor indices
There are already whole-market indices they can invest in.
I’d be careful to not encourage short term economic growth, which it may do if they’re allowed to sell directly when they leave office.
The MSM is as much the enemy as the oligarchs and corporations who buy our political class. They are all cut from the same cloth.
They think you’re stupid. They think you’ll believe laws actually apply to the fascist dictatorship or wealthy, despite all evidence to the contrary.
Can’t blame them, we keep proving it right.
LOL
I still can’t believe Rand Paul is in charge of anything… His neighbor could have made a nice chunk of change if he had sold tickets to that ass whooping.
You know who will vote against this? Pelosi. But not because her husband is a stock trader and they’ve made a ton of money through her inside knowledge of upcoming legislation. No, she’ll find some other reason, I’m sure.
Oligarchs. All of them.
This is entirely hypocritical, but kinda smart.
The Democrats absolutely don’t want this to go through, but they know Trump et al would never allow it through, so they can pretend to be the good guys.
This is an actual “drain the swamp” measure.
Nobody is fooled, but please do go ahead and press the issue, let’s see where it leads.
The Democrats absolutely don’t want this to go through
BULLSHIT. https://thehill.com/business/economy/5314624-democrats-reintroduce-congressional-stock-trading-ban/
https://www.npr.org/2024/07/10/g-s1-8989/bipartisan-stock-trading-ban
https://thehill.com/homenews/house/489076-house-bill-would-ban-stock-trading-by-members-of-congress/
Both sides bad blah blah blah blah
I support this, sadly this won’t stop crooks. Trump is already known for putting assets in family members names to skirt the law.
I like how the title implies that it targets JD Vance rather than all current and future vice presidents. Fuck that guy in particular.