House Speaker Mike Johnson said that members of Congress should be able to continue owning stocks.
He suggested that a stock trading ban could discourage people from running for office.
Earlier this year, Johnson expressed support for a ban, citing the “appearance of impropriety.”
Don’t let this pedophile protector fool you, the bill states they can only have INVESTMENT accounts like the rest of us have. Mutual funds, 401k, IRA.
They SHOULD NOT be able to trade stocks as they are insiders and that is a felony for the rest of us who aren’t politicians.
Very cut and dry what he is saying, he wants to continue to scam us and do insider trading, while the rest of us struggle to gain 4-13% a year in growth.
Have funds in an index fund but not specific stocks.
I could accept owning stock, but no buying or selling as of the moment you register as a candidate until a year out of office
That’s still a conflict of interest - while it would prevent trading on insider information, it does enable making decisions what will increase returns on your investment.
There’s an entire universe of indirect investments where you’re not directly involved in decisions. That should be the requirement
And I say no.
Hard no. Govern for us and not for your purse. Represent the people — not yourself.
If it discourages people running, that’s great. We don’t need them.
If someone is discouraged from running for office because it’s no longer a corrupt as fuck get rich scheme, good fucking riddance.
“Corrupt politician says politicians should be allowed to be corrupt.”
He suggested that a stock trading ban could discourage people from running for office.
Good. The type of people who would be discouraged by this are exactly the people we want to keep out of power.
He suggested that a stock trading ban could discourage people from running for office.
That’s precisely the point. If you need ‘encouragement’ in the form of millions of dollars in personal gain in order to be a government official - you’re not the right person for the job.
“If we’re not allowed to be corrupt, who want this job?”
US T-Bills only.
And an annual salary equal to the national median income.
That’s actually a really good idea.
People in positions of power, should be barred from stocks, have fixed and modest incomes attached to the poverty line, and other such fiscal limitations. It has been proven time and again, that the rich will do anything to become richer, no matter who else it hurts.
And no, I am not going to believe people who say “this doesn’t reward merit”. That is a belief espoused by fools or grifters.
The average income should allow the ordinary person to own a house, be free of debt, and enjoy life. Dickheads like Mike Johnson are far beyond what allows a person to be happy.
He suggested that a stock trading ban could discourage people from running for office.
People like you maybe. Hopefully.
A kickass healthcare plan, a lunch allowance, an office allowance, a good salary, no minimum work hour requirements, and a kickass pension not enough for you Mike?
Sure, in a blind trust.
Honestly I wouldn’t mind if they weren’t allowed to even own stocks at all.
I wouldn’t mind that either, but I feel a blind trust for them and all immediate family members is the bare minimum.
If Carter was willing to give up his farm, you can muster up enough balls to stop trading stocks while you’re in office.
And if it discourages people running for office, that seems like a feature, not a bug.
We SHOULD discourage people who want to run for office for the stock trading opportunities from running for office. FUCK those people.
Awweeeeee is someone not paid enough by their job 😭😭 fucking cry about it, suit
