4 ms·

It is crazy they allow sitting senators to buy and sell personal stock and then we ask them to make laws that affect stock prices. Force all assets into a blin

by ipaddr 5y ago

It is crazy they allow sitting senators to buy and sell personal stock and then we ask them to make laws that affect stock prices. Force all assets into a blind trust while they are sitting.

sergiomattei 5y ago
If you assume the position that politicians are inherently evil, having them do their lucrative activities publicly is better than having things happen under the shadows. The problem is public scrutiny. We don't scrutinize this behavior enough. Where is the outrage?
- akiselev 5y ago
  Is it? The last four years seemed like impunity under constant scrutiny.
  - dragonwriter 5y ago
    > The last four years seemed like impunity under constant scrutiny. Are you referring to the scandal ridden Administration where many officials went down in disgrace before the Administration itself was defeated?
    - akiselev 5y ago
      That's one way to look at it. My take is that the corruption became so brazen and insidious that the political class had to make some symbolic sacrifices. It's as if we had 100 "[visible] units of corruption" per year before the last administration, with 1 or 2 lost to enforcement or scapegoating and afterwards, we had 200 "units" per year with 10 lost to enforcement or scapegoating. Sure, it went from 1-2% to 5% which is enough to drown out everything else in 24/7 cable newsrooms but in absolute terms, the cost/damage/perception of corruption doubled. (Speaking in abstract terms to illustrate an opinion, not real data)
- rapind 5y ago
  Why would we assume they are “evil”? We disincentivize bad behaviour (in terms of societal impact) all the time. For example, automotive laws don’t assume all vehicle owners are “evil”.
- ashneo76 5y ago
  Not evil. Conflict of interest.
  - 8note 5y ago
    No, there's an evil tradeoff, and a non-evil tradeoff. One of the choices in the conflict of interests is bad.
cpeterso 5y ago
Or only allow politicians to buy shares in index funds of US companies so they aren’t biased towards any individual company whose stock they hold.
- DangitBobby 5y ago
  Even this is a conflict of interest. They could sell out the long term interest of the country in the short term interest of large businesses via any number of levers they control, e.g. harmful deregulation.

by ipaddr 5y ago

It is crazy they allow sitting senators to buy and sell personal stock and then we ask them to make laws that affect stock prices. Force all assets into a blind trust while they are sitting.

sergiomattei 5y ago

If you assume the position that politicians are inherently evil, having them do their lucrative activities publicly is better than having things happen under the shadows. The problem is public scrutiny. We don't scrutinize this behavior enough. Where is the outrage?

akiselev 5y ago
Is it? The last four years seemed like impunity under constant scrutiny.
- dragonwriter 5y ago
  > The last four years seemed like impunity under constant scrutiny. Are you referring to the scandal ridden Administration where many officials went down in disgrace before the Administration itself was defeated?
  - akiselev 5y ago
    That's one way to look at it. My take is that the corruption became so brazen and insidious that the political class had to make some symbolic sacrifices. It's as if we had 100 "[visible] units of corruption" per year before the last administration, with 1 or 2 lost to enforcement or scapegoating and afterwards, we had 200 "units" per year with 10 lost to enforcement or scapegoating. Sure, it went from 1-2% to 5% which is enough to drown out everything else in 24/7 cable newsrooms but in absolute terms, the cost/damage/perception of corruption doubled. (Speaking in abstract terms to illustrate an opinion, not real data)
rapind 5y ago
Why would we assume they are “evil”? We disincentivize bad behaviour (in terms of societal impact) all the time. For example, automotive laws don’t assume all vehicle owners are “evil”.
ashneo76 5y ago
Not evil. Conflict of interest.
- 8note 5y ago
  No, there's an evil tradeoff, and a non-evil tradeoff. One of the choices in the conflict of interests is bad.

cpeterso 5y ago

Or only allow politicians to buy shares in index funds of US companies so they aren’t biased towards any individual company whose stock they hold.

DangitBobby 5y ago
Even this is a conflict of interest. They could sell out the long term interest of the country in the short term interest of large businesses via any number of levers they control, e.g. harmful deregulation.