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I think a complete ban on owning individual stocks would be a bit overkill. Perhaps, controversially, I believe members of the government should own some stock
by legitster 3y ago
I think a complete ban on owning individual stocks would be a bit overkill. Perhaps, controversially, I believe members of the government should own some stock - I want them personally invested in the economic wellbeing of the country. I also don't want to limit the candidate pool artificially to just professional politicians.
But the fix here seems pretty easy. If you are an executive at a publicly traded corporation, you have to disclose any changes in your position of that stock months in advance. Just make politicians follow the same process for the entire stock market.
- jzoch 3y agoLet them own index funds only. Individual stock holding is not an investment in the economic well-being of the country
- kelseyfrog 3y agoThe other option is complete real-time transparency. Eliminate the alpha on congressional trades. A de-anonymized book view of all congressional orders and trades.