House Speaker Mike Johnson said that members of Congress should be able to continue owning stocks.

He suggested that a stock trading ban could discourage people from running for office.

Earlier this year, Johnson expressed support for a ban, citing the “appearance of impropriety.”

  • LoafedBurrito@lemmy.world
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    2 days ago

    Don’t let this pedophile protector fool you, the bill states they can only have INVESTMENT accounts like the rest of us have. Mutual funds, 401k, IRA.

    They SHOULD NOT be able to trade stocks as they are insiders and that is a felony for the rest of us who aren’t politicians.

    Very cut and dry what he is saying, he wants to continue to scam us and do insider trading, while the rest of us struggle to gain 4-13% a year in growth.

  • jj4211@lemmy.world
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    2 days ago

    Have funds in an index fund but not specific stocks.

    I could accept owning stock, but no buying or selling as of the moment you register as a candidate until a year out of office

    • AA5B@lemmy.world
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      2 days ago

      That’s still a conflict of interest - while it would prevent trading on insider information, it does enable making decisions what will increase returns on your investment.

      There’s an entire universe of indirect investments where you’re not directly involved in decisions. That should be the requirement

  • santa@sh.itjust.works
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    4 days ago

    Hard no. Govern for us and not for your purse. Represent the people — not yourself.

    If it discourages people running, that’s great. We don’t need them.

  • Typhoon@lemmy.ca
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    4 days ago

    He suggested that a stock trading ban could discourage people from running for office.

    Good. The type of people who would be discouraged by this are exactly the people we want to keep out of power.

  • MagicShel@lemmy.zip
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    4 days ago

    If someone is discouraged from running for office because it’s no longer a corrupt as fuck get rich scheme, good fucking riddance.

  • owenfromcanada@lemmy.ca
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    4 days ago

    If Carter was willing to give up his farm, you can muster up enough balls to stop trading stocks while you’re in office.

    And if it discourages people running for office, that seems like a feature, not a bug.

  • Cruxifux@feddit.nl
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    4 days ago

    We SHOULD discourage people who want to run for office for the stock trading opportunities from running for office. FUCK those people.

  • 0ops@piefed.zip
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    4 days ago

    He suggested that a stock trading ban could discourage people from running for office.

    People like you maybe. Hopefully.

    • BrianTheeBiscuiteer@lemmy.world
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      3 days ago

      A kickass healthcare plan, a lunch allowance, an office allowance, a good salary, no minimum work hour requirements, and a kickass pension not enough for you Mike?

  • SabinStargem@lemmy.today
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    4 days ago

    People in positions of power, should be barred from stocks, have fixed and modest incomes attached to the poverty line, and other such fiscal limitations. It has been proven time and again, that the rich will do anything to become richer, no matter who else it hurts.

    And no, I am not going to believe people who say “this doesn’t reward merit”. That is a belief espoused by fools or grifters.

    The average income should allow the ordinary person to own a house, be free of debt, and enjoy life. Dickheads like Mike Johnson are far beyond what allows a person to be happy.

  • billwashere@lemmy.world
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    4 days ago

    This fuckwad wouldn’t know a conflict of interest if it bit him in the ass or his son found it while searching through his father’s porn history.

  • 2piradians@lemmy.world
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    4 days ago

    I wonder if Johnson is honest with himself about being a vile, corrupt piece of shit. Or if he kids himself that he’s righteous and doing good things in Congress.

    When all this is over for maga, he’ll still carry the Trump-sized hand impression up his puppet ass for the rest of his days. History will paint all of them exactly as they are.

    • Baphomet_The_Blasphemer@lemmy.world
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      In “Inglorious Basterds” Christopher Waltz plays Col. Hans Landa a villain for the record books. When asked about it, Christopher Waltz says he achieved this by not playing Landa as the evil character he is written as, “because no one believes themselves to be evil.”

      In some weird twisted way I believe these Maga believe themselves to be saving the soul of America. These fanatics are so far removed from reality they’re literally delusion in their believes they’re doing the right thing.

      • III@lemmy.world
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        4 days ago

        But how would stock trading relate to “saving the soul of America”? A lot of their disgusting actions like gerrymandering or bending to knee to Trump could be painted as a means to stay in power and thus allowing them to be able to continue “saving” America. But personal stock trading?..

    • tubthumper@lemmy.world
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      Pretty convinced at this point that all these dickweeds are in some kinda shared psychosis, where in their world of entitlement they get to have it all and being all righteous about it because it’s their God-given right goddamn it. Money, power, control over other humans because they never learned how to control themselves.

      Buncha king wannabes.

      Fuckers be living in fantasy land.