Archived Ocasio-Cortez: 'Members of Congress should not be allowed to own individual stock' (thehill.com)
submitted ago by BarryO
Posted by: BarryO
Posting time: 9 months ago on
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Archived on: 6/19/2020 10:00:00 AM
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121 upvotes, 12 downvotes (91% upvoted it)
Archived Ocasio-Cortez: 'Members of Congress should not be allowed to own individual stock' (thehill.com)
submitted ago by BarryO
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[–] tokui 2 points 42 points 44 points (+44|-2) ago
Useless. They'll have spouses do the dirty deed for them.
Need death as the deterrent.
[–] LakotaPrude 0 points 25 points 25 points (+25|-0) ago
Exactly. Rules like this are irrelevant because they're so easy to work around through friends and family. Just look at Hunter Biden.
[–] Pepper-theDoctor 0 points 11 points 11 points (+11|-0) ago
This rule would actually help in that scenario because it's illegal for Hunter Biden to inside trade and legal for sitting members of Congress. He's getting away with his corruption because of a lack of will to prosecute.
The bigger issue is that it would require businessmen to leave companies they work for or are board members of. It would basically disqualify some of the most qualified men in the nation from serving in Congress
[–] Gas_the_Jews88 0 points 7 points 7 points (+7|-0) ago
Guillotines should make a comeback. Death to any politician that breaks the law or abuses power
[–] polygeek 0 points 2 points 2 points (+2|-0) ago
Not as useless as you might think. The questionnaires from the SEC include spousal behavior disclosures.
I like your death option, though.
[–] flapjack_charlie 0 points 1 point 1 point (+1|-0) ago
Make it so their spouses or anyone living in their household cant either. That's what brokerages do.
[–] BeeBop71 0 points 26 points 26 points (+26|-0) ago
No dummy, they should be prosecuted for insider trading like the rest of us peasants.
[–] Broc_Lia 0 points 6 points 6 points (+6|-0) ago
That would amount to the same thing. Members of congress have such a broad range of insider information, they wouldn't be able to invest in anything.
[–] golgotham 4 points 16 points 20 points (+20|-4) ago
She thinks no one should individually own ANYTHING, and like a good socialist, of course she exempts herself and her friends.
[–] Poot_McGarvey 0 points 4 points 4 points (+4|-0) ago
I sort of agree with her on this one thing.
If legislators want to own their own productive capital they can have a blind trust, anything else brings with it various inherent conflicts of interest.
[–] golgotham ago
Problem is, my friend, she will not abide by her own reasoning. She is a demoncrat, and a scumbag socialist, so though you have a fine point, do be careful about agreeing with it or it will feel encouraged...
[–] ketoll 0 points 15 points 15 points (+15|-0) ago
How about a 13th Amendment that NO LAWYERS can serve in Congress.
[–] RakerKey 0 points 10 points 10 points (+10|-0) ago
Great Idea !! . .
And follow that with No Dual Citizens
[–] 22991030? 0 points 3 points 3 points (+3|-0) ago
Precede with that and it pretty much becomes redundant.
[–] bonghits4jeebus ago
Hey don't be anti-Semitic
[–] Diggernicks ago
No persons with dual loyalties.
Aka catholics.
[–] Helena73 ago
No democraps.
[–] peacegnome 1 point 2 points 3 points (+3|-1) ago
"lawyer" is just a profession. And those should not be regulated by the government. A school should be able to select their teachers, a person should be able to select their financial consultant, etc.; not the state, and definitely not some private company (the bar, the aca, whatever regulates beauticians, etc.) It's all protectionist bullshit.
That said, term limits, and ending lifetime compensation packages should get rid of many career politicians. The 13th amendment should be something along the lines of "representatives of a constituency should always put them first in their decisions, or rope" of course it would have to be slightly more detailed to prevent frivolous cases, like what is currently happening to trump.
[–] Broc_Lia 0 points 1 point 1 point (+1|-0) ago
As in no one with a law degree or no former bar association members?
The former could make things a little tricky given that their job is writing laws.
[–] JohnGaltApproves 0 points 3 points 3 points (+3|-0) ago
Wonder how all those doctors and farmers did it back in the 19th century.
[–] NewsGuy2020 0 points 12 points 12 points (+12|-0) ago
She is right on this.
Congressional reps and Senators vote on legislation that affects the economy - industries and business, everything. They have the power to introduce and push for laws that they can their friends financially benefit from. So they should not be allowed to own stock or any financial assets during their time in office. It's like a sports ball player betting on the game he's in.
Anything the member of congress owns before going into office should be liquidated and put into an escrow account that keeps up with inflation and maybe gives them a small return once they leave office.
[–] 1Sorry_SOB 0 points 9 points 9 points (+9|-0) ago
"This is my firm position until I have money to invest in stocks."
[–] NoseSubversion 0 points 6 points 6 points (+6|-0) ago
Members of Congress should not get free premium health care for life.
[–] ketoll 0 points 2 points 2 points (+2|-0) ago (edited ago)
For every economic decline in the private sector, the government should be required to make a correlating spending cut in the public sector.
Look at how many private-sector businesses are hurting right now. Government should be making cuts to equal the decline instead of leeching the same amount from the taxpayers. No more private sector cuts without public sector cuts!!!!!! No more weathering recessions and depressions on the backs of the productive!!!!
[–] goatsandbros 0 points 5 points 5 points (+5|-0) ago
She's still in high school. And always will be.