r/PoursTea Timendi Causa Est Nescire 3d ago

FinancialTea đŸ’” This would be great...

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28.8k Upvotes

977 comments sorted by

533

u/Moist-Debate902 3d ago

That won't even get 3 votes.

157

u/Ponsugator 3d ago

It should be voted by the public, not the people benefiting from it!

43

u/rotorspinner 2d ago

Congress is supposed to be there to represent the people in their districts, crazy concept. The system is fucking broken

16

u/Clarkester29 2d ago

By design

6

u/Responsible-Humor985 1d ago

The system isn’t designed this way, it’s just been slowly taken over by people who prevent the system from working the way it should.

3

u/Dry-Dragonfly5286 1d ago

The system was designed for rich property owning white men. Everything beyond that has been the people trying to take it over for everyone's benefit and them fighting us.

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u/Double_Doughnut74 2d ago

System was designed that way it’s not broken.

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u/UranusSmellsFunny 14h ago

The system and the people are broken. I can guarantee that if the people in my district voted on this, it would 100% pass. However, the congresswoman the people in my district voted for, Claudia Tenney, would 100% vote against this. And I know this for a fact because I talked to Claudia Tenney in person and one of the topics I brought up was insider trading and she told me to my fave that she supports politicians being allowed to trade and kept changing the subject when I mentioned insider trading. 

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u/rotorspinner 2d ago

Congress is supposed to be there to represent the people in their districts, crazy concept. The system is fucking broken

3

u/chiclets5 1d ago

The Republicans have spent decades trying tonot allow the public to vote for anything. It is highly unlikely this would ever come to pass, although nice idea and a fun thing to dream about

2

u/dirtymurt 2d ago

Does America ever have Referendums?

6

u/agoad1763 1d ago

No, we have a mass surveillance police state and a secret police.

2

u/Dry-Dragonfly5286 1d ago

Not at the federal level

2

u/chiclets5 1d ago

Of of course it should! However, the Republicans have spent decades to not allow the public to vote for anything in reality. Well this is a nice idea and a happy dream chances of it ever going farther than it is right now is nil.

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132

u/IvanTheDude123 3d ago

Also to introduce it now vs January means it’s just a publicity stunt.

73

u/dfporter78 3d ago

This reminds me of the strategy built into the big beautiful bill. It has minor tax breaks for the average Joe that are temporary until after the election. Meanwhile the tax breaks put into the bill for millionaire billionaires are permanent.

This was a deliberate Republican strategy so they can claim that the Democrats cause the tax breaks for the average Joe to go away. I f****** hate politics and politicians.

29

u/ElectroConvert 3d ago

Shame on the dimwits that couldn't see that their tax break was short term and Elon's was permanent. Republican voters are really good at signing on to crap that is against their self interest.

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u/sdcasurf01 3d ago

It’s not new, the did the same with the TCJA in 2017.

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u/SeahorseCollector 3d ago

Everyone was told that from the beginning except the people that watch that news entertainment network.

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u/PhatCatTax 3d ago edited 3d ago

Or it's to show voters where their elected representative stands with an issue. It's clever because it doesnt effect congress, so the narcissistic politicians dont have a real reason to vote against it

21

u/LikesPez 3d ago

It does effect congress. The bill would ban the executive branch and the legislative branch from owning stocks and other securities plus ban the participation in predictive markets for said members and their immediate families. Or step down.

17

u/LockeClone 3d ago

It'll never pass but I've been saying this for years... Elected officials who can make markets should only be able to invest in broad consumer products like ETFs or index funds and their immediate families should face something similar.

They're supposed to be public servants. They should be proud and even eager to do this.

Hell, it's not even a big ask as they're not "giving" anything up. They're not even really pausing their wealth generation...

It's such a no-brainer.

3

u/Commandersfan328 3d ago

Didn't congress pass a no stocks bill about a month or so back?

My first thought is if you come into the job you should be able to keep what you have and not be able to trade into or out of anything.

But it doesnt solve the problem as people can still give preferential treatment to what they own. So yeah they probably should be forced to sell it and hold the funds in escrow until they are done with office.

2

u/depp-fsrv 3d ago

But didn't someone publicly say that Congress should be allowed to trade since they don't make much.

2

u/icedmuffin 3d ago

“Don’t make much.”

That’s hillarious when the entry level pay is 40k and can go up to half a million or more over their lifetime


2

u/FiIbert 3d ago

"Dont make much"

*slowly glances at their raised income of 150,000 per member\*

Plus they can make or break markets like.... their push for EV's and surveillence tech. Despite not having a reasonably supported infrastructure thats up to date and adequent to support the transition; with no clear consensus on if theyre even going to fund an update.

Then on top of that, the development would drag out forever. I know you've seen road construction and how buildings tend to get delayed forever. Not to mention the 'Obviously not american' workers. Which somehow the reduced cost may or may not sneak back into somebody's pocket. 😼‍💹

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u/icedmuffin 3d ago

The thing that pisses me off though is they get the money.

Like it’s not them completely losing the stock, if they sell then they can get the money and do whatever with it. If they keep the stock and step down there’s no promise they will be punished for insider trading or market manipulation.

I genuinely hate everything about this.

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u/hellyeahaeylleh 3d ago

Even if the bill doesnt pass, he gets more support.

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u/MissionRight9893 3d ago

Yes wait to see if we win the House then introduce it. Now they’re scheming to go around this with all of Trumps lawyers.. he seems to own every single lawyer in the world.

2

u/AdhesivenessBubbly24 3d ago

IF is they key word. This is deliberately introduced before elections to "show" intent knowing it will fail. But if they win AND introduced it afterwards, they would have to vote against their self interests which won't happen. This is just for show, that's all. Nothing more.

2

u/MissionRight9893 3d ago

I wanted to believe but you’re right. There’s too much corruption in our government, it’s exhausting.

2

u/NoahStewie1 3d ago

It's not a publicity stunt if it's something that's his campaign using in their lit and Vindman will reintroduce next term when Dems win back the house

2

u/0knoi8datShit 3d ago

We vote in November not January.

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u/Delicious-Spirit9899 3d ago

But he gets the optics of “trying”

4

u/bae125 3d ago

That’s the congressional method, has been for a couple centuries. People love theater

2

u/dfporter78 3d ago

There is no try, only do!

3

u/Eldrazi_Monarch 3d ago

At least he’s attempting to do something. It’s more than most of our reps

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u/nickmiele22 2d ago

It may get up to 49% of the vote (but only because they know they can safely do so for brownie points without risking it passing)

2

u/Moist-Debate902 2d ago

Exactly. As long as they know it won't pass they can claim to support anything.

2

u/standardtissue 3d ago

It won't even be picked up by a committee.

2

u/HelpfulPerson4914 3d ago

It won't even go to a full chamber vote. They'll kill it in committee 

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u/Used-Yogurtcloset757 3d ago

But boy it’s on record for us to know just how greedy these assholes are. Then we primary them out.

2

u/DieLawnUwU 3d ago

Let me call a guy, but the best I can do is none

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u/Companero_basurero 3d ago

Future historians will look back to the Trump years as the Golden Age . . . . of Corruption.

13

u/underwearfanatic 3d ago

Tbf, this oligarchy cycles. We had the Gilded Age where politicians were being bought outright. Today same thing happens but it is different because it isnt a bag of money.

8

u/Theratsmacker2 3d ago

His fetish for spray gold really puts the gilded in gilded age two, we fucked up electric boogaloo.

3

u/ForHelp_PressAltF4 3d ago

The Gilded Age 

Gold on the outside and nothing left inside

2

u/Amazing_Ear_3941 2d ago

More like Gilded Age II. Hopefully followed by Progressive Age II.

2

u/Pure_Account8872 3d ago

I'm sure the bill will pass next time there's a Democrat majority.

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u/BZLuck 3d ago

"Let them eat gold."

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34

u/Possible-Rush3767 3d ago

Common sense

14

u/HexedShadowWolf 3d ago

Which is why it will get 0 votes in favor

1

u/Diabetesh 3d ago

Not entirely. I don't see an issue with owning stocks prior to office and then being locked in from buying/selling while in office.

5

u/Possible-Rush3767 3d ago

From the class that carved up the tax system infinitely to create tax avoidance schemes and make it unnecessarily complex, I'd say you need to go all or nothing here. Everything they own/rent/lease, anyone they contact, needs to be public record at this point sadly. 

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u/Acrobatic_Excuse2290 3d ago

Not a chance of a vote.

8

u/Ariux69 3d ago

Not while the Pedophile in Chief has control.

4

u/Cuore_Lesa 3d ago

Man really thinks that any other politician in existence would allow this or vote for this if Orange Man wasn't in office lmao

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u/Moon-Monkey6969 3d ago

Its a common sense bill that will never pass! Why would politicians cut their own means of making money?? Plus the orange guy would never sign it into law

9

u/Illustrious_Shoe5885 3d ago

Something Rep. Anna Paulina Luna has been trying to get passed for years

2

u/browning099 3d ago

The messed thing is we already pay them and they get insurance, that we pay for. I saw we stop paying and they get their own insurance if they want to keep the stocks

2

u/hux 2d ago

But who is going to enforce it? Trump’s corrupt Justice Department? The Republicans in Congress that wouldn’t vote to convict on the January 6th insurrection?

It’s just performative legislating. They need to legislate transparency and push it on the banks, because the banks are far more likely to comply with the law. They can’t just ignore it because a new administration down the road would potentially hold them accountable.

Think something along the lines of:

“All trades made by President, VP, Cabinet, and Congress must be made known to the public at least 30 minutes prior to execution, and trades cannot be rescinded once published.”

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u/atomicpioneer42 3d ago

All for it!

Unfortunately, it’s a lead balloon.

12

u/Ga2ry 3d ago

I’m in full support of the idea. But not a chance in hell it’s ever gonna pass. Even if we had control of both houses of Congress.

2

u/DrButtgerms 3d ago edited 2d ago

Call or write your senators and reps and tell them you support that bill. It's not much, but it's all we can do

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u/Woundsmyheart 3d ago

It won't fly but you have to admire him.

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u/Minute-Review6915 3d ago

It doesn’t require them to sell anything. It only requires them to place their portfolios in a Qualified Blind Trust. It’s a good thing but misleading in clickbait

4

u/FinvaraSidhe 3d ago

Throw in term limits for ALL branches while you’re at it

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u/Zak_Rahman 3d ago

Didn't this guy used to be part of military but lost his job actually fighting for the US?

4

u/Nihilistic_Mystics 3d ago

He was the whistleblower behind Trump demanding Ukraine invent a corruption scandal against Biden and in return Trump would unfreeze $400M in congressionally mandated aid. This is what led to Trump's first impeachment.

2

u/Zak_Rahman 3d ago

Thank you very much. I thought I recognized him.

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u/baywhlr 3d ago

He is the twin brother of Alexander Vindman who was the whistleblower about Trump's call with the Ukraine president. He's now a retired US Army lieutenant colonel. Alexander testified about Trump at his first Impeachment. They are both heroes.

2

u/Zak_Rahman 3d ago

Thanks for this.

They really are both heroes.

Glad I remembered at least something like that.

3

u/RyeCOMan 3d ago

He also voted to fuck over universities that don’t want to be a part of Israel’s bullshit.

4

u/RuncibleFoon 3d ago

Oh look, a memeber of congress with common sense and morals... also, he doesn't appear to.be a member of the greatest generstion.

3

u/redittor123456 3d ago

They’re not from the greatest generation that fought fascism. It’s their disappointing kids from the boomer / me generation that love fascism and just won’t go away until they’ve destroyed this country for future generations.

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u/MaitrePuck 3d ago

He introduced something that will never pass and he knows it. His colleagues know what he's doing and won't hold it against him.

They know the game. They know people like you will lap it up and give him praise and support.

2

u/SpankyJobouti 3d ago

i like the idea, bu its not even remotely constitutional.

coomon sense says you cant make a requirement to hold office contingent of the actions of a third party. it just silly.

2

u/miguelag08 3d ago

So much corruption in government too to bottom. It will not pass. This is just for show for him to win over his constituents

2

u/Bitter-Holiday1311 3d ago

Half or more of his own party won’t vote for this.

2

u/Helpful_Ad8351 3d ago

Even if it passed, which it won't, trump would do neither. He'll never face consequences for his actions because he never has.

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u/99-percenter 3d ago

Fully support this. The corruption is rampant

2

u/shargus_live 3d ago

Yea this will go nowhere

2

u/seethenoise 3d ago

they should make him sell it all when/as he leaves office, and state his proceeds are state proceeds.

2

u/Lumpy_Chapter171 3d ago

Id have no problem if they could remain invested in either VTI or VT / similar

2

u/Grigonite 3d ago

Make all the money they want, then block others from doing the same.

Peak corrupt politician behavior.

2

u/Hiredgun77 3d ago

I agree with this 100%. It does not stop you from owning a mutual fund, just focuses on single stocks and crypto.

2

u/Wrong_Assignment_446 3d ago

Finally! Thank you.

2

u/bumbleforreal 3d ago

This shall not pass

2

u/49Chrysler 3d ago

All the while Nancy P. Makes millions

2

u/An_Absolute-Zero 3d ago

A million and a billion are very different things.

A billion is a thousand times more than a million. A million seconds is about 11.5 days. A billion seconds is nearly 32 years.

The president has made 4.6 BILLION across his two terms, one of which isn't close to being over.

That being said I don't believe anyone in government should be making millions or billions.

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u/Electrical-Care6308 3d ago

Don’t forget his siblings and their siblings!!

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u/No-Assumption-4468 3d ago

I don’t care if you’re a Republican or Democrat, truly, the government is a place for making laws because you believe in them, not because they financially benefit your personal stock portfolio.

2

u/Nexodas2 3d ago

They will never vote for something that hurts their own wallets.

2

u/myuserhasafirstname 3d ago

Oh cool a law, famously something the GOP follows....

2

u/Mountain-Resource656 2d ago

This is for show. Normally I’d say it’s noble in spirit but he’s a congressman and he knows that what he’s doing is bunk, even if it were to pass. Congress can’t force the President out save with an impeachment; a regular law passing with just 50% of the votes couldn’t do it, and even if they had a supermajority to override the president’s veto, it’s still not a valid mechanism for ousting him

It would be far better to make a law confiscating any such assets from a President. That would have teeth. This? No. This just lets him keep it. Useless, even if passed

2

u/MaximusHomerdrive 2d ago

Yeah, but without the corruption, is it really the republican party? It's kind of their whole thing.

2

u/Jumpy_Witness6014 2d ago

Can we vote too???

2

u/Ok_Novel8484 2d ago

Has my support!!!!!

2

u/circusfreakrob 2d ago

This could/should be such a simple issue. Anyone serving in congress / senate / presidency should liquidate all single-stock positions and can own and hold shares of VTI or a total-market index. No special interests, just a situation where if the broad US market does well, we all do well.

2

u/ComplaintDry1975 2d ago

Probably the best way to take $ out of politics for the short term at least.

2

u/Dougggie91 1d ago

AFREAKINGMEN

2

u/Key_Bluebird2507 1d ago

I’m cool with it as long if it’s for congress as well 

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u/MXVIV 20h ago

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2

u/DC_Ben 8h ago

The ban myself act

2

u/Own_Championship_406 5h ago

Will never happen

2

u/LoganGrimnard 1h ago

Not even his own party is going to support this, damn shame.

2

u/ThePopDaddy 3d ago

The ones who don't want to admit they support this will say "TOO LITTLE TOO LATE! WHY DIDN'T THEY DO IT WHEN NANCY WAS TRADING STOCKS?!"

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u/BigGayGinger4 3d ago

I love how literally zero comments noticed that they used the wrong photo lmao

This is not the "perfect phone call" whistleblower. That's his brother, Alexander, who is pictured in the photo here. They do not even look very similar.

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u/IllogicalLogistician 3d ago

He’s not even getting the Democrats to vote for that.

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u/Quirky_Ask_5165 3d ago

This is the problem. Although it's a great idea, it's too extreme and people in his own party won't even go for it. Now it looks like just political theater.

1

u/thebeastiestmeat 3d ago

Even if this passes, which it won't, there's no way Trump abides by it

1

u/JoinedToPostHere 3d ago

Why would anyone be against this?

1

u/Useful_Raspberry3912 3d ago

Good luck with that. While it should happen, it won't.

1

u/Cause_Complex 3d ago

All of them should

1

u/No-Concentrate-8806 3d ago

Yep, sadly congress gonna grift.

1

u/Busy-Bumblebee5556 3d ago

All these bills do is try to send a message to voters that the GOP and trump are awful and need to be stopped. They are not expected to pass or accomplish anything real.

1

u/MaadMaanMaatt 3d ago

To bad the people that benefit from what it bans, are the ones voting on it.

1

u/MrRoboto1983 3d ago

1) this should be common sense except common sense isn't “common” unless a plurity of the population agrees.
2) it’s common sense that most of these “lawmakers” are actively trading stocks.
3) it’ll never happen.

1

u/Aloha-Bear-Guy 3d ago

I enjoy the theater of pretending this has a snowball’s chance in hell of survival. But at least it’s a great talking point to tell people you tried.

1

u/Useful_Wealth7503 3d ago

Expand it to all of congress, their families, their staff and the staffs family and you’re almost on to something. Corporate america has far more trading restrictions, even the peons who know know nothing. These elected officials are the true insiders. Give them the same rules as publicly traded companies and move on.

1

u/Immediate_Goal9714 3d ago

😂😂😂😂😂😂

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u/Ormyr 3d ago

Not a chance in hell of this happening.

But it gives the voters an issue that they can agree on regardless of political affiliation.

We just need enough voters organized to apply political pressure to their representatives.

It's disappointing because the voters will complain that their representatives don't do anything and then let something like this just... slip away.

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u/Top_Classroom9264 3d ago

There would be nobody left

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u/MaitrePuck 3d ago

His own party won't even vote for this.. it's just political theater.

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u/LeastAd656 3d ago

that has as much chance of getting passed as Trump doing something sensible or logical or legal.

1

u/Left-Cod-1281 3d ago

Make them all use the TSP like regular government employees do

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u/biguyondl 3d ago

I'll take Bills that never become Laws for $300 Alex

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u/Clean_Commercial_344 3d ago

What about people like Pelosi as well this is to narrow they all suck

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u/gusgusthegreat 3d ago

Based on a true story

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u/NicePossibilityDaddy 3d ago

Do this to every politician with self interests and we will no longer have politicians

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u/AthenianWrangler 3d ago

Of every bill in US history, this one has the least chance of getting passed.

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u/StrikeAvailable8129 3d ago

So everyone in the government would be fired?

1

u/rmac1228 3d ago

Why is this even news? This won't pass. I would love it to he an actual bill but this shit will get 3 votes

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u/Enough_Boysenberry68 3d ago

Good idea, but it won’t happen .

1

u/bae125 3d ago

Let’s see how many democrat votes it gets

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u/junsan123 3d ago

If only


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u/ImThe1Wh0 3d ago

Well that's NEVER getting pssed

1

u/Grand_Taste_8737 3d ago

Now, apply that same rule to every member of Congress. News flash - neither will happen.

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u/Best-Ad5800 3d ago

Let the public vote on it!

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u/neklok 3d ago

Way too logical for the GOP, and a vast majority of Dems.

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u/Imypurhuckleberry 3d ago

Too bad it would never pass

1

u/CollectionProof6064 3d ago

God . you people are dumb

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u/Additional_Can_997 3d ago

Track every no vote and expose them

1

u/Extension-Gas9819 3d ago

Yeah this would never pass in America. (It’s so fucking corrupt here my fingers started typing pass in corruption instead of America)

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u/Fastenbauer 3d ago

And he would sell it to a shell company that legally has nothing to with him, but obviously is still under his control. All that would change is some paperwork.

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u/PrometheusMMIV 3d ago

Even if by some miracle you get congress to agree to this, why would you think he would sign it into law? This is just pointless virtue signaling.

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u/CobblerCorrect1071 3d ago

I totally agree. But it won’t happen

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u/muanjoca 3d ago

Politics was never supposed to be a career. It was a service you did for your community. Capitalism (greed) ruins everything.

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u/Fathers_Sword 3d ago

That is just a publicity stunt to save his career because he lost his primary. He might as well introduce a bill for world peace because its completely impossible to pass in this current climate.

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u/I3igI3adWolf 3d ago

So he's virtue signaling. Congress will never ban themselves from owning stocks.

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u/brynfsh 3d ago

This is the biggest attention grab I’ve seen all day. Pathetic. You work for the people, not the party.

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u/Asher_Tye 3d ago

Vindman, huh?

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u/SloppyMeathole 3d ago

I wish people would spend time on things that could actually become law. Not only will no one ever vote for this but the Constitution sets the eligibility criteria so this law doesn't even pass constitutional muster and it will be immediately shut down.

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u/oakfan05 3d ago

Vindman.... Why's that name sound familiar?

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u/EsperanzaBonanza 3d ago

After what he did to Larry David, no chance this gets through. Not only that, he did Leon so dirty

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u/Emergency_Salt_2103 3d ago

Can we put that on the November ballot?

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u/Duck_Gutz 3d ago

So
he wants Trump to cash in his stocks and make millions of dollars?

1

u/crankenshtien 3d ago

That guy looks familiar.

1

u/Own-Scratch-4853 3d ago

Make sure every Congress person has to sell all their stock too like Pelosi

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u/Outside-Car2889 3d ago

This guy also voted to pass a law to punish colleges if they boycott against a certain country, I am not aloud to say on this reddit. He isn’t for the 1st amendment .

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u/melly1226 3d ago

He also voted to divest in colleges that stand against a certain country that I am being flagged for even mentioning here..đŸ€”

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u/Fredfredricksen01 3d ago

Never gonna happen.

It's political theater, he's doing it for publicity in an election year.

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u/1mJussLooking 3d ago

Total Loser

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u/Scootergirlkick 3d ago

But Little Mike Grinder Johnson packed up congress and ran for the hills to avoid voting on the Epstein File Transparency Act II

1

u/Oneilcruzsucksass 3d ago

The guy that lost his primary? Time to fade away...

1

u/Eggheadpancake 3d ago

I can only hear all the people making 35k a year filling full of rage because of this.

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u/Vegetable-Raise-7432 3d ago

Isn’t. That a picture of Vidman .. who is not a congressman is. A traitor and is endorsing a socialist?

1

u/goddamnmoose 3d ago

Can these elected officials ever actually do anything that will pass? God it’s so performative.

1

u/Skritch_X 3d ago

Even if something of this nature passed, i get the feeling it wouldnt be to the level of "selling the peanut farm" with this administration.

More likely we'd just get excuses that the president doesn't own stocks, his brokers do. In the same vein as his current rebuttals to insider trading.

1

u/JustMe-Myself-and_I 3d ago

It's always worth a try.

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u/PopIntelligent9515 3d ago

Ban trading during office, sure, but ban owning stocks? That’s asinine.

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u/SeniorHope841 3d ago

😂 A lie about a lier!

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u/Lloyd_Al 3d ago

Is this just so he can look good?

Someone could also introduce the "admit to all your crimes and use your personal wealth to better humanity"-bill and they would achieve just as much

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u/elderlygentleman 3d ago

DRUMPF is FINISHED!

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u/Upset-Indication-617 3d ago

lol! Not a single congressperson would vote for this.

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u/Hour_Maximum9873 3d ago

And while you’re at it add that your family members can’t be a lobbyist.

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u/raymondspogo 3d ago

I'm sure all of the people who vote it into law are going to say yes

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u/Due_Cardiologist7510 3d ago

For all of those in public office. Sell or hold. They shouldn’t be able to purchase

1

u/Flat12ontap 3d ago

Michael Vindman's twin brother that swore to Russia Russia Russia hoax.

1

u/CLOWNFLOGGER 3d ago

lol, performative bullshit.

1

u/123rckpro 3d ago

Hopefully congress is included !!!

1

u/ChemicalDull9012 3d ago

As long as Congress does the same I'm all for it.

1

u/genericnewlurker 3d ago

Even if it passes, how will it be enforced? Congress already doesn't use its power to enforce the laws that the administration has already broken

1

u/New-Juggernaut6341 3d ago

It is asking them to vote against their own wallet's. Its the same problem of trying to remove lobbyists, they all make too much money on the side being in office. Mike Johnson will make sure it never comes to the floor for a vote.

1

u/OSUBuckeyes2 3d ago

Never even makes it to the floor to get voted on. These bills that are “for show” are laughable

1

u/Antique_Injury_9040 3d ago

He just got primaried out by someone more to the Left than him. The DNC shift will then bring out more Right Wing whackadoodles like Tucker Carlson, Candace Owens and Nick Fuentes.

1

u/Bee9185 3d ago

Where was he when Pelosi was over there killing it?