AOC and Matt Gaetz join forces on bill to ban lawmakers from owning stock

submitted by AXXA from thepostmillennial.com

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[–]jet199 7 insightful - 3 fun7 insightful - 2 fun8 insightful - 3 fun -  (4 children)

The good thing about AOC is she's stupid enough to work against her own interests.

[–]ActuallyNot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

She graduated cum laude, so she can't be as stupid as you think.

More likely she's interested in combating insider trading and corruption, because she thinks it's good for the country.

[–]chadwickofwv 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

She graduated cum laude

Wow, you actually think that means something. You must not be familiar with colleges.

[–]ActuallyNot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It means most people who graduated had lower marks.

[–]Ehhhhhh 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Acting stupid doesn't mean that someone is stupid.

She is controlled and works against the citizens at absolutely everything. Nothing is intentionally for our benefit.

[–]SoCo 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

With Elizabeth Warren and Nancy Pelosi, both heavily criticized repeatedly for instances appearing like insider trading, mostly through their husbands' trades, both staunchly oppose additional rules to Congressional and their spouses' stock investments.

These entrenched corporate shills will prevent any reform.

[–]Drewski 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (4 children)

I dunno, I'd like to hold politicians accountable for insider trading but I'm not sure this is the solution. They'd probably just have their spouse / family / friends hold the stocks for them anyways.

[–]Bigs 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

According to a twitter tweet the proposal includes spouses and dependents

[–]notafed 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (1 child)

"This is my friend Mike. He's got an IQ of 68, but he's a master at investing."

[–]Alienhunter 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

I don't think a blanket ban is a good idea. Will only encourage people who know how the economy works not to go into politics. Could also potentially make politicians even more reliant on outside money, not exactly a good idea imho.

Do need to be proactive on prosecuting politicians who abuse their position. Gotta get them on insider trading and the like. I'd even be in favor of a law that prevents them from making active trades during their term in office. Or a law that makes their stock holdings a matter of public record so they can be held accountable. But I don't think a blanket ban is a good idea.

It's just an appeal to the populist trends to gain political support from them without actually putting forth anything that had the chance to change anything. It's no different than the republicans doing their unconstitutional death sentence bill. Super popular with their base, won't actually go anywhere, can then just blame it's failure on the opposition instead of blaming it on them for floating the flawed idea in the first place.

[–]carn0ld03 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Interesting.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

"AOC and Matt Gaetz join forces" LOL!

But those swamp creatures and their insider trading is not funny at all.

[–]clownworlddropout 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

There's something so off-putting about Gaetz... he has like, a villainous air about him.

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Rare that 2 such shitty politicians could come with something that makes sense. It will be defeated by a majority of both parties.

[–]MagicMike 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Founding Fathers either fucked up or were in on the scam: (1) only gold is money (2) voting must be in person except military (3) term limits on Congress and POTUS (4) no profiting from Congressional action, esp war. (5) iron clad balanced budget amendment.

Anyone who violates or tries to violate above gets publicly hung.

[–]EddieC 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Even if the current system, Indirect Democracy, is 100% tamper-proofed, the outcome is still, by definition, an elected Oligarchy.
 
When Indirect Democracy has been weaponized to disenfranchise the citizenry, our solution is Direct Democracy
 
For real actual change, it is time to for everyone to do Direct Change
 
Firstly, Decorporatize our own mind: replace the usurping hierarchical🔺paradigm, with usurper-free Dom - a world freed AND immunized from usurpers
 
Secondly, Decorporatize our conversations with Community Walls, get off Social (Control) Media, to have Accretive Dialogue, not idle chatter, toward a usurper-free World, with Direct Systems (more below)
 
Next:
Decorporatize our Money: with usurper-free Currenseas
Decorporatize the Economy: with Co-ops that do not profit the usurpers
Decorporatize our Governance: with Co-opecracy instead of Corporatocracy

 
In summary: Direct Systems > Indirect Systems i.e. usurpation-free
Why Direct Change? You Are The Company You Keep (pun intended)
 
usurper-free Dom = an usurpation-free world
Isn't that what the 99% should all agree on?
 

[–]Ehhhhhh 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It should already be illegal. I'd prob also push to prosecute ones who have already committed insider trading. If they have made decisions for their own gain, then they have already committed fraud.

That could be what bills like this hide or ignore. Banning stocks now before a crash doesn't do shit.

Stop it, but punish the ones who have already defrauded everyone.