• DogPeePoo@lemm.ee
    link
    fedilink
    English
    arrow-up
    19
    ·
    8 months ago

    Please also disallow Congress from trading in the US stock market with their inside information.

    • rigatti@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      ·
      8 months ago

      Not sure that’s part of the budget plan. It would probably have to be a separate law passed by Congress that they definitely would not vote for.

    • Sonori@beehaw.org
      link
      fedilink
      English
      arrow-up
      3
      ·
      8 months ago

      The problem is it’s typically their families that do the stock trading, and i you can’t extend employment contracts to unrelated parties. Even if you did do it with a law, people will still talk with their friends. This is part of the reason why insider trading is so difficult to prosecute and enforce outside of the blinding obvious.

      • DogPeePoo@lemm.ee
        link
        fedilink
        English
        arrow-up
        2
        ·
        edit-2
        8 months ago

        But I think you have to do it anyway— with the threat of investigation and prosecution for the sharing of insider information.

        Right now it’s just tacit approval.

        Every 2 years it’s talked about banning trading for them to appease the public, then a long delay, then nothing occurs.

        They are robbing retail’s money in plain sight.

    • Ace T'Ken
      link
      fedilink
      English
      arrow-up
      2
      ·
      8 months ago

      Please also disallow Congress from trading in the US stock market with their inside information.

      One small adjustment and it’s perfect!

  • Cyborganism
    link
    fedilink
    English
    arrow-up
    18
    ·
    edit-2
    8 months ago

    It’s about time. Hopefully Canada will follow. We’ve about had it with high inflation, high rents and properties, and low wages, while near-monopolies gouge us. Monopolies that are getting tons of tax payer funded subsidies.

    All while our social safety net and infrastructure is crumbling under decades of cuts and austerity measures.

  • Rentlar
    link
    fedilink
    English
    arrow-up
    2
    ·
    8 months ago

    Impressive! Watch this get watered down 4 times before it actually passes…