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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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  • 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.

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    • 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.

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      • 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
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        • 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

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          • 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.

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            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

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