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House Democrats to propose ban on lawmaker stock trading – report

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371–380 of 382 posts

Re: House Democrats to propose ban on lawmaker stock trading – report

#371
post #345

Earlier quoted context omitted.

Lawmaker pay is a rounding error. Clearly we can't pay lawmakers $0 and expert high effort + no corruption. is there any proof of any way that saying pay from 170k a year to ??? 1 million USD? a year would have any impact on the problems? Do countries with less corrupt lawmakers pay more than the US? I doubt that...

Another commenter here claimed that in Singapore, they pay 3x the national median salary. Singapore is not my cup of tea government-wise, but they are viewed as one of the least corrupt governments in the world. Certainly that's not solely due to how they are paid, but I'm sure it factors in.

Median salary in the US is 67k.

3 of that is a rounding error from what our reps are currently paid.

Not sure what that argument is going?

Re: House Democrats to propose ban on lawmaker stock trading – report

#372
post #345

Earlier quoted context omitted.

Another commenter here claimed that in Singapore, they pay 3x the national median salary. Singapore is not my cup of tea government-wise, but they are viewed as one of the least corrupt governments in the world. Certainly that's not solely due to how they are paid, but I'm sure it factors in.

Median salary in the US is 67k. 3 of that is a rounding error from what our reps are currently paid. Not sure what that argument is going?

> Median salary in the US is 67k.

No, it's not. Median household income is about $67k. Median salary (or, at least “median annual earnings for workers who worked full time”) is about $56k.

Re: House Democrats to propose ban on lawmaker stock trading – report

#373
post #368

Earlier quoted context omitted.

Unless Citizens United is overturned, this would take a constitutional amendment, "money is speech" per that Supreme Court verdict and so... > Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. So t…

Yeah, I don't like your odds here. Your politicians can barely agree on a budget these days. Constitutional amendments seem like a thing of the past now. But it's likely the only good solution here, and on other issues too, like abortion.

They really do seem like a thing from history. If you chart both how far apart each of them are in ratification date and time from the start of the process for ratification to the fine they get finally ratified you see this steady increase over time.

Re: House Democrats to propose ban on lawmaker stock trading – report

#374

Earlier quoted context omitted.

I'm originally from Kenya. We used to have a joke "If it happens in Africa it is called corruption. If it happens in the US it is called lobbying". I remember seeing a chart of how much money a Senator had to raise every week for their next race and it was stark bonkers (and this was in the 90s, before Citizens United). I just checked and the figure is even worse now. https://www.opensecrets.org/news/2019/02/state-of…

As an american, I really enjoy learning things like this about how other countries view us and our craziness. A lot of people here would be genuinely confused at the comparison. >"If it happens in Africa it is called corruption. If it happens in the US it is called lobbying". To add to this, we (americans) also never refer to our own elite class as oligarchs. That's reserved for other countries, because ours is a tot…

> As an american, I really enjoy learning things like this about how other countries view us and our craziness. A lot of people here would be genuinely confused at the comparison.

I'm puzzled by that. I thought it is generally well known Hollywood influences the Dems, and that the tobacco industry influenced politics in past (to name two examples).

Re: House Democrats to propose ban on lawmaker stock trading – report

#375

Earlier quoted context omitted.

Median salary in the US is 67k. 3 of that is a rounding error from what our reps are currently paid. Not sure what that argument is going?

> Median salary in the US is 67k. No, it's not. Median household income is about $67k. Median salary (or, at least “median annual earnings for workers who worked full time”) is about $56k.

Ok, does not change my post in any way.

Re: House Democrats to propose ban on lawmaker stock trading – report

#377

Earlier quoted context omitted.

I think we should pay them more. I just think getting better candidates would be much more influential than the reduction in corruption. Most corruption isn't someone dropping off a bag of money. It's an organization donating a bunch of money so they can put somebody intelligent charming and attractive in front of the senator who is going to have a really good argument why certain provisions are good for their consti…

I think we should pay all of our politicians more. Some state politicians are essentially volunteer positions. How are we supposed to get younger candidates into politics if you need to be not reliant on an external job that may not approve of your political activities?

It's essentially a remnant of aristocracy: you can only have a say in society if you have time to spare.

Re: House Democrats to propose ban on lawmaker stock trading – report

#378
post #339

Earlier quoted context omitted.

How much are politicians paid —and how does their salary affect corruption? It might not be a popular opinion, but perhaps we should double the wages of US Representatives (they currently make $175k—not a lot in Washington DC). Is paying US representatives $350k worth the money? First, a bigger financial cushion for representatives might reduce financial corruption. Second, a bigger salary might attract more talented…

>"It might not be a popular opinion, but perhaps we should double the wages of US Representatives" How about this: we can have some criteria like state of health, education, buying ability etc and call it well being index. If it increases politicians get a bonus. If it decreases they pay fine.

On what time scale? Government policies have effects that exceed term limits. If you want to reduce government to the same myopic view of CEOs, i.e. politicians that optimize for the next quarter only, this is how you would achieve it.

Re: House Democrats to propose ban on lawmaker stock trading – report

#379
post #179

Our political parties are failing us so badly, I wouldn't be surprised if the guillotine came back into fashion over the next decade. I hope congress can get its act together and serve its constituents better before it comes to that, but it feels naive.

Ahaha I always love the calls for political violence in the US, because we've experienced so little (relative to other parts of the world). Honestly it shows how well off we've been these last decades to have the luxury to call for someone else to kill a politician for us because we're upset. You have no concept of the injustice that would arise if "the people" begin murdering politicians in the street again. So many…

No post body was provided.

Re: House Democrats to propose ban on lawmaker stock trading – report

#380

Lawrence Lessig (Harvard law professor famous for fighting for sane copyright law) does a great presentation on the root cause of Americas problems. He also ran for president in 2016. It can be watched here: https://www.youtube.com/watch?v=PJy8vTu66tE The short version is that to win primaries you need money. Money mainly comes from corporations and rich people. Taking money from corporations and rich people creates…

Yeah, I'm of the firm opinion that the US is a second world plutocracy that masquerades as a first world democracy by using its military might.

The concept of being the best country in the world (American exceptionalism [0]) is not rooted in fact. In actuality, it's propaganda designed to keep people within US borders instead of seeing them flee to much greener pastures around the globe.

[0] https://en.wikipedia.org/wiki/American_exceptionalism

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