61–70 of 116 posts
Just prediction markets? They should be banned from all trading and active investing, period.
Earlier quoted context omitted.
Exactly! If we're gonna give this actual attention, we should be focusing on the fact that they should be banned from any form of insider trading or major conflict of interest!
They are blocked from insider trading I think this in the previous comment undervalue just how many more complicated ways there are for corruption to bubble. Assume super strict rules. Consider this example to circumvent them: Senator-elect A makes an LLC and invest their money (with some friends) in it (before taking office) They can’t even talk to the money manager. But the manager can see their actions, and the se…
Just prediction markets? They should be banned from all trading and active investing, period.
But then how will they make money? They only make a $174k base salary and a 15% cap on how much they can earn from other employment sources. I'm only saying this semi sarcastically. Often the senator's aides earn more than the senators themselves.
"Prediction market" sounds much better than online gambling.
Just prediction markets? They should be banned from all trading and active investing, period.
But then how will they make money? They only make a $174k base salary and a 15% cap on how much they can earn from other employment sources. I'm only saying this semi sarcastically. Often the senator's aides earn more than the senators themselves.
Fine. People motivated by money should take jobs other than sitting in Congress.
Just prediction markets? They should be banned from all trading and active investing, period.
But then how will they make money? They only make a $174k base salary and a 15% cap on how much they can earn from other employment sources. I'm only saying this semi sarcastically. Often the senator's aides earn more than the senators themselves.
Just prediction markets? They should be banned from all trading and active investing, period.
But then how will they make money? They only make a $174k base salary and a 15% cap on how much they can earn from other employment sources. I'm only saying this semi sarcastically. Often the senator's aides earn more than the senators themselves.
They could even do the sort of things corporate execs at publicly traded companies do, and fill out forms well in advance about future investment purchases, to avoid the ability to time purchases to inside information.
Just prediction markets? They should be banned from all trading and active investing, period.
But then how will they make money? They only make a $174k base salary and a 15% cap on how much they can earn from other employment sources. I'm only saying this semi sarcastically. Often the senator's aides earn more than the senators themselves.
Just prediction markets? They should be banned from all trading and active investing, period.
But then how will they make money? They only make a $174k base salary and a 15% cap on how much they can earn from other employment sources. I'm only saying this semi sarcastically. Often the senator's aides earn more than the senators themselves.
Earlier quoted context omitted.
But then how will they make money? They only make a $174k base salary and a 15% cap on how much they can earn from other employment sources. I'm only saying this semi sarcastically. Often the senator's aides earn more than the senators themselves.
Yeah, I kind of agree with your semi-sarcastic take. While that salary is well above the US average, the fact is that they almost certainly don't make enough to own or rent a home in DC, and a second home in their constituency. It all but ensures that there can't be an honest member of congress, unless they feel like sleeping in their office.
Isn't the solution to needing two homes to do the job for the government to provide that as a work expense rather than permitting funky financial hijinks?