5 ms·
It's more complicated than that. If you prohibit stock ownership, they will cheat with every other asset class. (Real estate deals are easy too). If you prohi
by 0xFreebie 5y ago
It's more complicated than that. If you prohibit stock ownership, they will cheat with every other asset class. (Real estate deals are easy too). If you prohibit all asset classes, it means only poor people can run for office - so they give inside tips instead to their brother, son, or campaign donors while maintaining a laughable illusion of poverty.
It's a tougher problem than it appears to be.
- uoaei 5y agoHow do other countries contend with these issues? America is not the be-all, end-all, and your comment seems to imply that this problem has never been wrestled with except hypothetically.
- 0xFreebie 5y agoThat's a good question. I know my comment sounds defeatist. Another commenter suggested requiring trades be announced in advance. Sometimes blind-trusts are used, but there's not much to show they make a difference. Opening up hearings and Congressional communications helps. Honestly it's a tough problem.
- int_19h 5y agoI don't think there's any country that has truly solved these issues; at best, they mitigated them. Politicians everywhere are quite a bit richer than your average citizen.