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HN: "Ban congress from trading." This is so short-sighted. Congress isn't even the issue, it's the ridiculous wealth inequality. We literally can't compensat
by BrianOnHN 6y ago
HN: "Ban congress from trading."
This is so short-sighted.
Congress isn't even the issue, it's the ridiculous wealth inequality.
We literally can't compensate the most important public servants enough.
Let's say personal wealth had a cap at $1,000,000,000, and the most successful public servant (president after long terms in Congress, Supreme Court judges) could reach that via compensation over say 60 years.
What then?
Edit: To address the expected HN response: "But tax shelters!!!... Or "wealth safe havens"..."
Great! Let them migrate there and doom their future generations.
Bezos will make more money while I write this comment than the president will earn all year. Give me a break.