Seems like a reasonable alternative tobanning stock trading. It's unfortunate that congress is so slimy in people's perception that they can't raise their pay without crushing their own political careers. But republicans would certainly have a tough time justifying pay increases as they slash subsidies for health ins., cut SNAP aid to children, and slash Medicaid spending to the most vulnerable. Maybe congress could base its pay increases/cuts to the overall wage growth. That might encourage some of the lower life forms in confress to fight to increase the wages of workers and not just their own selfish, inconsiderate, corporate supported selves.
If polls were any indication of performance, congress would be working for minimum wage, which hasn't been increased in more than a decade. Any avenue to tie congressional pay to performace is better than sleazy insider trading scams that stuff cash into underserving members of congress.
Gee, whatever was the argument that members of Congress should be allowed to trade stocks?! I worked awhile in the 80s in DC in the D of Health and Human Services and was privy to new medical technologies. Had I traded on that information I would have been busted for insider trading! You mean Waxman and Kennedy were trading based on the information I gave them?!!
Realistically, it should be total divestment outside managed funds.
If you don’t want to do that, don’t join congress. Large asset-owners cannot help but protect those assets, which means they will never represent people.
Seems like a reasonable alternative tobanning stock trading. It's unfortunate that congress is so slimy in people's perception that they can't raise their pay without crushing their own political careers. But republicans would certainly have a tough time justifying pay increases as they slash subsidies for health ins., cut SNAP aid to children, and slash Medicaid spending to the most vulnerable. Maybe congress could base its pay increases/cuts to the overall wage growth. That might encourage some of the lower life forms in confress to fight to increase the wages of workers and not just their own selfish, inconsiderate, corporate supported selves.
Performance pay sure works elsewhere in our economy... not sure it could ever fly, but it would be an interesting experiment!
If polls were any indication of performance, congress would be working for minimum wage, which hasn't been increased in more than a decade. Any avenue to tie congressional pay to performace is better than sleazy insider trading scams that stuff cash into underserving members of congress.
This is the same information everyone else had, so I don't see why it took longer to reach the same conclusion everyone else did.
Those who commit these crimes hurt us all.
Gee, whatever was the argument that members of Congress should be allowed to trade stocks?! I worked awhile in the 80s in DC in the D of Health and Human Services and was privy to new medical technologies. Had I traded on that information I would have been busted for insider trading! You mean Waxman and Kennedy were trading based on the information I gave them?!!
Politically, yours makes sense.
Realistically, it should be total divestment outside managed funds.
If you don’t want to do that, don’t join congress. Large asset-owners cannot help but protect those assets, which means they will never represent people.