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Yes - in addition - just have documentation sites like unusual whales which track the trades, holdings and profits of politicians - create infographics prior to
by somethoughts 6y ago
Yes - in addition - just have documentation sites like unusual whales which track the trades, holdings and profits of politicians - create infographics prior to every election and distribute them to existing voter information/polling prediction sites like real clear politics.
Politicians already long on certain stocks can also profit from legislation that they are passing. Being privy to insider info which leads to continuing to stay long a stock is an advantage that wouldn't be detected by just sharing recent trades.
In addition to trying to eradicate insider trading - just shedding light on existing holdings by US office holders will have a huge cleansing effect that will go a long way to showing potential biases/conflicts of interest.
- mikepurvis 6y agoI would love to believe that would make a difference, but in a hyperpartisan world where many vote based on a handful of ideological allegiances, how many would seriously be moved to change sides over something as small as a little corruption? Or is this something that would be more at the primary level, where it really is more about personality and personal qualities than party? In any case, the Trump movement's whole response to this kind of thing was a combination of denial and "lol everyone does it", and it seems like that was enough for many in that camp.
- rocqua 6y agoThere are still voters on the fence / differences in voter turn-out that mean politicians worry about scandal. The main effect is that these politicians will probably be replaced by different ones from the same party. Moreover, other politicians, hoping not to be replaced, might stop doing blatant insider trading.
- somethoughts 6y agoOr is this something that would be more at the primary level, where it really is more about personality and personal qualities than party? >> For sure there are many factors that influence someone's vote. I think you're right - its more likely to cause leadership rotation within the parties where the rest of the factors are more similar (i.e. stance on gun rights, etc.). The challenge today is that incumbent politicians within their own party tend to have great name recognition among voters - but are more likely to be in the pockets of corporations. This would enable challengers within the party to potentially have an issue they can highlight. "lol everyone does it" >> And perhaps articles prove in a data science-y way that perhaps this is true - many politicians are doing it.