I'd much rather have politicians get rich from NYC real estate, frozen steaks, and TV shows.
Insider tradingYou legitimately think making money from real estate and products is worse for a politician than getting rich off lobbying?
Insider trading
Agreed.Either way I do think anyone in any elected office should be barred from owning stocks and forced to sell them to be inaugurated.
I’m not gonna say you’re saying things you didn’t say. But what seems to be underlying this is a sense that Trump’s source of wealth makes him unfit for the presidency. He did okay as POTUS on balance. Right up until he tried that cockamamie far fetched legal theory to reinstate himself. Do you think that the way he earned his wealth is predicted this behavior?I'd much rather have politicians get rich from NYC real estate, frozen steaks, and TV shows.
Disagree. While executing the office of POTUS there should not be even be the appearance of conflicts of interest. If you want to wield the power to favor some corporations over others, sell your stock first and put your money in a blind trust.Insider trading would be in the stock market. Unless you're saying he unloaded properties before passing legislation that would have devalued them?
Either way I do think anyone in any elected office should be barred from owning stocks and forced to sell them to be inaugurated.
I'm going to agree with jamil on this. When you have a government that spends so much money and regulation on companies, they should not be able to financially benefit from those transactions and knowledge. You complain about outright bribes, but those pale in comparison to the amount of money made through stock.Insider trading would be in the stock market. Unless you're saying he unloaded properties before passing legislation that would have devalued them?
Either way I do think anyone in any elected office should be barred from owning stocks and forced to sell them to be inaugurated.
Though I generally agree here, what are the unintended consequences? Does it further limit the pool of possible candidates? Does this just squeeze the air to the other end of the balloon and have family or associates make the inside deals?I'm going to agree with jamil on this. When you have a government that spends so much money and regulation on companies, they should not be able to financially benefit from those transactions and knowledge. You complain about outright bribes, but those pale in comparison to the amount of money made through stock.
Seems like I’ve read Trump is facing 91 felony indictments. You know that the system will ensure that nothing will happen with regards to convicting him until after the nomination or at least after the nomination is all but wrapped up. I’d like to think the GOP PTB have a contingency plan for replacing Trump should he actually get snagged by one or more of those indictments and have to go to jail.You think that pro Trump delegates will vote for Haley over Desantis or Ramaswamy?
I think we should weed out those that go to congress just to get rich.Though I generally agree here, what are the unintended consequences? Does it further limit the pool of possible candidates? Does this just squeeze the air to the other end of the balloon and have family or associates make the inside deals?
Possibly. I think the blind trust might work for the most part as well.Would a law that congress cannot participate in matters involving stock or companies they own nor can they buy stock or companies for a period of time after of participation work?
So a candidate or family have owned IBM stock for 40 years but to be a representative they must sell that stock? No business owners can run for office with selling their business? Put it all in blind trusts?I think we should weed out those that go to congress just to get rich.
Wouldn't the family be open to actual insider trading charges? I'd have to look more into that to see if it would apply or not.
Possibly. I think the blind trust might work for the most part as well.
You and KLB are saying you disagree with me but are repeating back what I said to me.Disagree. While executing the office of POTUS there should not be even be the appearance of conflicts of interest. If you want to wield the power to favor some corporations over others, sell your stock first and put your money in a blind trust.
He doesn't want to turn back people from s***hole countries, he wants to do their taxes for them; hence the Trump hateI’m not gonna say you’re saying things you didn’t say. But what seems to be underlying this is a sense that Trump’s source of wealth makes him unfit for the presidency. He did okay as POTUS on balance. Right up until he tried that cockamamie far fetched legal theory to reinstate himself. Do you think that the way he earned his wealth is predicted this behavior?
No. Fortunes are not generally made in the owning of stocks, it is in the trading of them. They can own it while in office, they cannot sell or buy while in office.So a candidate or family have owned IBM stock for 40 years but to be a representative they must sell that stock? No business owners can run for office with selling their business? Put it all in blind trusts?
Sounds more like a way the swamp would keep successful business people out.
The left hates it that Trump has the money to stand up to them.
Just to draconian of a response to the situation for me. I can see that congress must have accounts that trades are public within minutes of being made real time. Then one could buy the Pelosi fund that buys and sells what she does…No. Fortunes are not generally made in the owning of stocks, it is in the trading of them. They can own it while in office, they cannot sell or buy while in office.