r/FluentInFinance 5d ago

Seems like a simple solution to me Geopolitics

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u/meikyoushisui 5d ago

If you tell people their retirement accounts won't be allowed to grow while they're in Congress, a lot of people will decide it isn't worth it.

That's not what people are arguing for, though. Just make them transfer all of their assets to a blind trust for the duration they hold public office + 3 to 6 months. The legislation is already partially there under the 1978 Ethics in Government Act.

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u/Naudious 5d ago

I was replying to a comment that was advocating that.

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u/meikyoushisui 5d ago

My point is that there's no reason their retirement accounts can't grow even if they can't exercise direct control over them. It's not as if there's widespread belief that they should completely liquidate their assets to hold public office.

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u/Naudious 5d ago

The comment said if they want to "own" securities they should find a new job

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u/meikyoushisui 5d ago

I am going to take a guess that the person who posted that would not have an issue with a blind trust and by "own" they mean "exercise direct control over". Easy to figure out if that's not the case, though, rather than making an assumption without clarifying.

Hey /u/BusStopKnifeFight, how would you feel if their assets were committed to a blind trust for the duration they held public office?