Archived Ocasio-Cortez: 'Members of Congress should not be allowed to own individual stock' (thehill.com)
submitted ago by BarryO
Posted by: BarryO
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Archived on: 6/19/2020 10:00:00 AM
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Archived Ocasio-Cortez: 'Members of Congress should not be allowed to own individual stock' (thehill.com)
submitted ago by BarryO
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[–] 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.