r/FluentInFinance 5d ago

Seems like a simple solution to me Geopolitics

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u/Hopeful_Chair_7129 5d ago

Yeah it’s those dirty corrupt democrats we gotta worry about.

https://www.investopedia.com/articles/investing/041516/who-are-americas-7richest-senators.asp

Highlights for those allergic to links.

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u/AJFrabbiele 5d ago

I'll add more to the rebuttal: Congress routinely under-performs.

2022 study: https://www.sciencedirect.com/science/article/abs/pii/S0047272722000044

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u/Hopeful_Chair_7129 5d ago

Hmm? I don’t care about that. Just cause they suck at doing immoral things doesn’t mean it’s okay.

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u/AJFrabbiele 5d ago

Don't get me wrong, I think the perception of potential abuse is enough to limit trades to indices or blind trusts. But that it's happening at a large scale is either false, or as you point out, they are bad at it (good, let them lose money trying to cheat the market).

The question then becomes implementation, do we limit the congressional member, their spouse, their immediate family, extended family, their acquaintances for their potential abuses?

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u/Hopeful_Chair_7129 5d ago

Yes to all of that.