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  3. Members of Congress trading stocks is insider trading

Members of Congress trading stocks is insider trading

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  • stux@mstdn.socialS stux@mstdn.social

    Bonus toot..

    Don't feel sorry for members of Congress for a second btw

    They act like they are poor bastards who ONLY earn about 175K (!!). about 3 times the average of the US household

    A lot of people who kill for that income and I'm pretty sure the average American works a LOT HARDER then Congress

    trebach@functional.cafeT This user is from outside of this forum
    trebach@functional.cafeT This user is from outside of this forum
    trebach@functional.cafe
    wrote last edited by
    #13

    @stux Federal minimum wage is $7.25 but localities can increase this. At 30 hours per week, employers have to offer benefits so they'll design schedules so employees only get 29 hours per week or less. 52 weeks * 29 hours * $7.25 = $10933 per year.

    They work much harder than Congress and don't have any sort of vacation

    pomegranate_stew@kind.socialP 1 Reply Last reply
    0
    • stux@mstdn.socialS stux@mstdn.social

      Bonus toot..

      Don't feel sorry for members of Congress for a second btw

      They act like they are poor bastards who ONLY earn about 175K (!!). about 3 times the average of the US household

      A lot of people who kill for that income and I'm pretty sure the average American works a LOT HARDER then Congress

      nrmacdonald@mastodon.socialN This user is from outside of this forum
      nrmacdonald@mastodon.socialN This user is from outside of this forum
      nrmacdonald@mastodon.social
      wrote last edited by
      #14

      @stux
      It's a club that you could join if you were sufficiently connected

      1 Reply Last reply
      0
      • trebach@functional.cafeT trebach@functional.cafe

        @stux Federal minimum wage is $7.25 but localities can increase this. At 30 hours per week, employers have to offer benefits so they'll design schedules so employees only get 29 hours per week or less. 52 weeks * 29 hours * $7.25 = $10933 per year.

        They work much harder than Congress and don't have any sort of vacation

        pomegranate_stew@kind.socialP This user is from outside of this forum
        pomegranate_stew@kind.socialP This user is from outside of this forum
        pomegranate_stew@kind.social
        wrote last edited by
        #15

        @trebach @stux
        > they'll design schedules

        Yes! Many years ago when that number was 40 instead of 30, I was regularly scheduled for 39.5 hours, while making a whole 15 cents more than minimum wage ($3.35 at the time), just so they didn’t have to consider me full time.

        Employers have been gaming the system forever because too many of them are absolute bastards.

        P 1 Reply Last reply
        0
        • F failedlyndonlarouchite@mas.to

          @stux

          most members of congress actually work damn hard

          given how much temptation they are subject to in the form of bribes, both direct and indirect, it would be good to increase their salary, a lot

          stux@mstdn.socialS This user is from outside of this forum
          stux@mstdn.socialS This user is from outside of this forum
          stux@mstdn.social
          wrote last edited by
          #16

          @failedLyndonLaRouchite You’re a real troll aren’t ya

          1 Reply Last reply
          0
          • stux@mstdn.socialS stux@mstdn.social

            Governing a country should comes with LESS privileges, not more

            You are an example, ACT LIKE IT

            Otherwise get the f out of the way for people who will

            We the people are the bosses of people in government, remember that!

            /end daily politician rand

            pretergeek@mstdn.socialP This user is from outside of this forum
            pretergeek@mstdn.socialP This user is from outside of this forum
            pretergeek@mstdn.social
            wrote last edited by
            #17

            @stux I always thought that politicians should be volunteer work.
            Edit: If we HAVE to have them.

            1 Reply Last reply
            0
            • stux@mstdn.socialS stux@mstdn.social

              Members of Congress trading stocks is insider trading

              Plain and simple

              Ban congress people from trading stocks, as simple as that 🤷 If they want to trade stocks, don't go into f-ing congress

              A toddler even understands this

              remywhisker@mastodon.socialR This user is from outside of this forum
              remywhisker@mastodon.socialR This user is from outside of this forum
              remywhisker@mastodon.social
              wrote last edited by
              #18

              @stux bUt ThEy ArE sO pOoR.

              1 Reply Last reply
              0
              • gooba42@mastodon.socialG gooba42@mastodon.social

                @stux My solution is bigger but... All their net worth goes into a trust that only buys index funds.

                They raise all boats or they get nothing.

                trebach@functional.cafeT This user is from outside of this forum
                trebach@functional.cafeT This user is from outside of this forum
                trebach@functional.cafe
                wrote last edited by
                #19

                @gooba42 @stux It'd have to go into a special index that buys stocks evenly then. The indices that you see on the news covers at most 2,000 stocks and they're weighted so some affect the index more than others

                gooba42@mastodon.socialG 1 Reply Last reply
                0
                • stux@mstdn.socialS stux@mstdn.social

                  Governing a country should comes with LESS privileges, not more

                  You are an example, ACT LIKE IT

                  Otherwise get the f out of the way for people who will

                  We the people are the bosses of people in government, remember that!

                  /end daily politician rand

                  trebach@functional.cafeT This user is from outside of this forum
                  trebach@functional.cafeT This user is from outside of this forum
                  trebach@functional.cafe
                  wrote last edited by
                  #20

                  @stux "That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness." - US Declaration of Independence, 1776

                  1 Reply Last reply
                  0
                  • trebach@functional.cafeT trebach@functional.cafe

                    @gooba42 @stux It'd have to go into a special index that buys stocks evenly then. The indices that you see on the news covers at most 2,000 stocks and they're weighted so some affect the index more than others

                    gooba42@mastodon.socialG This user is from outside of this forum
                    gooba42@mastodon.socialG This user is from outside of this forum
                    gooba42@mastodon.social
                    wrote last edited by
                    #21

                    @trebach @stux Whatever needs to happen to make it so, we should just do it.

                    1 Reply Last reply
                    0
                    • stux@mstdn.socialS stux@mstdn.social

                      Members of Congress trading stocks is insider trading

                      Plain and simple

                      Ban congress people from trading stocks, as simple as that 🤷 If they want to trade stocks, don't go into f-ing congress

                      A toddler even understands this

                      A This user is from outside of this forum
                      A This user is from outside of this forum
                      aachrisg@mastodon.gamedev.place
                      wrote last edited by
                      #22

                      @stux congress made Jimmy Carter sell his small _ peanut farm_ to avoid conflicts of interest.

                      1 Reply Last reply
                      0
                      • pomegranate_stew@kind.socialP pomegranate_stew@kind.social

                        @trebach @stux
                        > they'll design schedules

                        Yes! Many years ago when that number was 40 instead of 30, I was regularly scheduled for 39.5 hours, while making a whole 15 cents more than minimum wage ($3.35 at the time), just so they didn’t have to consider me full time.

                        Employers have been gaming the system forever because too many of them are absolute bastards.

                        P This user is from outside of this forum
                        P This user is from outside of this forum
                        passwordsarehard4@mastodon.social
                        wrote last edited by
                        #23

                        @pomegranate_stew @trebach @stux and that’s not even mentioning tipped employees. If you SHOULD receive over $30 a month in tips they can pay you $2.13 per hour. Why even have a number? It’s so paltry it doesn’t cover the taxes on what customers felt sorry enough to leave you.

                        trebach@functional.cafeT 1 Reply Last reply
                        0
                        • P passwordsarehard4@mastodon.social

                          @pomegranate_stew @trebach @stux and that’s not even mentioning tipped employees. If you SHOULD receive over $30 a month in tips they can pay you $2.13 per hour. Why even have a number? It’s so paltry it doesn’t cover the taxes on what customers felt sorry enough to leave you.

                          trebach@functional.cafeT This user is from outside of this forum
                          trebach@functional.cafeT This user is from outside of this forum
                          trebach@functional.cafe
                          wrote last edited by
                          #24

                          @passwordsarehard4 @pomegranate_stew @stux The sum of that $2.13 per hour and your tips are required to add up to greater then minimum wage or your employer is required to make up the difference.

                          Usually it does. If it doesn't and you bring that law up for them to compensate you, they tend to sack you for being shit at your job

                          1 Reply Last reply
                          0
                          • stux@mstdn.socialS stux@mstdn.social

                            Members of Congress trading stocks is insider trading

                            Plain and simple

                            Ban congress people from trading stocks, as simple as that 🤷 If they want to trade stocks, don't go into f-ing congress

                            A toddler even understands this

                            B This user is from outside of this forum
                            B This user is from outside of this forum
                            bedifferent@mastodon.social
                            wrote last edited by
                            #25

                            @stux Since Vought told the GOP in 2010 not to elect leaders (the quote and source are out there will add if requested), the toddlers are all there in congress following in the footsteps of their higher-up toddlers.

                            1 Reply Last reply
                            0
                            • stux@mstdn.socialS stux@mstdn.social

                              Members of Congress trading stocks is insider trading

                              Plain and simple

                              Ban congress people from trading stocks, as simple as that 🤷 If they want to trade stocks, don't go into f-ing congress

                              A toddler even understands this

                              me@social.jlamothe.netM This user is from outside of this forum
                              me@social.jlamothe.netM This user is from outside of this forum
                              me@social.jlamothe.net
                              wrote last edited by
                              #26
                              @stux In addition to being blatant insider trading, it's also a glaring conflict of interest with their congressional duties.
                              1 Reply Last reply
                              0
                              • stux@mstdn.socialS stux@mstdn.social

                                Members of Congress trading stocks is insider trading

                                Plain and simple

                                Ban congress people from trading stocks, as simple as that 🤷 If they want to trade stocks, don't go into f-ing congress

                                A toddler even understands this

                                numodular@c.imN This user is from outside of this forum
                                numodular@c.imN This user is from outside of this forum
                                numodular@c.im
                                wrote last edited by
                                #27

                                @stux Secondary to politicians writing policy for #TechBros and #FossilFuels #grift #AbuseOfPower

                                Replace them with ethical #scientists

                                1 Reply Last reply
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