Senators strike bipartisan deal for a ban on stock trading by members of Congress

5 comments

1. Now do Judges.

2. It’ll never be made a law

3. Congress’s interest should be in serving the American people, and the long term health of the United States.

   Record corporate profits come OUT OF the lives, hides, health, and sanity of the public, workers, communities, and the environment.

   [https://www.reddit.com/r/quotes/comments/1dqwdks/but_the_rate_of_profit_does_not_like_rent_and/](https://www.reddit.com/r/quotes/comments/1dqwdks/but_the_rate_of_profit_does_not_like_rent_and/)

   Record corporate profits should not be in the interest of the people we elect to Congress.

   Our corporate colonial system allows corporate monopolies to brutally rob, enslave, gaslight, and socially murder the public, without any real recourse, on a massive scale.

   I.e., what the British did to India is what our ruling class are and have been doing to the public and working classes – hollowing out the commons for the benefit of an extremely abusive ruling class.

   10% of the population owns 93% of the stock market.

   [https://www.axios.com/2024/01/10/wealthy-own-record-share-stock-market](https://www.axios.com/2024/01/10/wealthy-own-record-share-stock-market)

   What we are creating when we “invest” in the stock market is, on one level, financial security for ourselves, maybe.

   On another level, we’re helping to create a literal hellworld of brutal corporate monopolies, a profoundly corrupt and dysfunctional political system, and an increasingly unlivable planet.

   Americans have been turned into cattle building their own slaughterhouses.

   The conflict of interest is the crux of the problem, CNBC, it’s not just the informational advantage that Congresspeople have.

   While we’re at it, a Congress whose interest was in actually serving the American people instead of their own stock portfolios, would ban stock buybacks and incentivize worker co-ops over corporate oligarchies:

   [https://www.reddit.com/r/WorkReform/comments/16njzfx/corporations_structured_as_oligarchies_should_pay/](https://www.reddit.com/r/WorkReform/comments/16njzfx/corporations_structured_as_oligarchies_should_pay/)

4. Is the GOP supporting this just knowing it won’t go anywhere?

   This is the party of Clarence “Luxury Motor Coach” Thomas. You’ll forgive me if I think their motives are impure.

5. Now let’s see the Republicans pass it in the House during an election year when they wouldn’t even pass border and immigration reform they asked for.