Many lawmakers argue that new rules around financial portfolios will discourage people from wanting to serve in Congress.
Sounds better every time I hear it. Can you imagine if legislators were there to serve their constituents instead of themselves?
OMG! They’d be like a servant or something! To the public!
“But if I can’t get rich off the new laws I pass, why would I bother doing this job?”
We are so deep into capitalism that even our politicians are rent seeking.
Their solely owned passthrough corporations however are free to invest at will.
Tin foil hat engage: Or this is a way to mask a mass sell-off before some crazy shit happens so they can stuff their gaping maws a little more as it all burns down. Put up some token resistance through the usual loudmouths so it isn’t too suspicious. Bonus points for looking virtuous along the way.
It’s probably not that though.
EPSTEIN
Term limits would be more effective, I’d think.
Why not both? Also no free healthcare or if free they only get same as people on medicare.
Because this here is not effective.
Can their family still trade? Can their corporations? It’s a sort of meaningless gesture to say they can’t trade, because no matter how you slice it, they’ll still be able to profit from insider knowledge.
Shorter term limits would reduce the amount of time they have exposure to govt and private sector simultaneously, which would reduce the amount they’d be able to gain far more than saying “they can’t trade.”
