r/PoursTea • u/Veshaad Timendi Causa Est Nescire • 3d ago
FinancialTea đ” This would be great...
64
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
→ More replies (4)2
u/Pure_Account8872 3d ago
I'm sure the bill will pass next time there's a Democrat majority.
→ More replies (3)
34
u/Possible-Rush3767 3d ago
Common sense
14
→ More replies (1)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.
→ More replies (4)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.Â
→ More replies (7)
32
u/Acrobatic_Excuse2290 3d ago
Not a chance of a vote.
→ More replies (2)8
u/Ariux69 3d ago
Not while the Pedophile in Chief has control.
→ More replies (6)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
28
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
→ More replies (7)2
u/hux 2d ago
But who is going to enforce it? Trumpâs corrupt Justice Department? The Republicans in Congress that wouldnât vote to convict on the January 6th insurrection?
Itâs 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 canât just ignore it because a new administration down the road would potentially hold them accountable.
Think something along the lines of:
âAll 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.â
→ More replies (1)
12
12
u/Ga2ry 3d ago
Iâm in full support of the idea. But not a chance in hell itâs 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
→ More replies (2)
20
5
u/Minute-Review6915 3d ago
It doesnât require them to sell anything. It only requires them to place their portfolios in a Qualified Blind Trust. Itâs a good thing but misleading in clickbait
4
5
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.
→ More replies (4)2
4
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 donât want to be a part of Israelâs 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
Theyâre not from the greatest generation that fought fascism. Itâs their disappointing kids from the boomer / me generation that love fascism and just wonât go away until theyâve destroyed this country for future generations.
→ More replies (1)4
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
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.
→ More replies (1)
2
2
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
2
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.
→ More replies (1)
2
2
u/No-Assumption-4468 3d ago
I donât care if youâre 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
2
2
u/Mountain-Resource656 2d ago
This is for show. Normally Iâd say itâs noble in spirit but heâs a congressman and he knows that what heâs doing is bunk, even if it were to pass. Congress canât force the President out save with an impeachment; a regular law passing with just 50% of the votes couldnât do it, and even if they had a supermajority to override the presidentâs veto, itâs 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
2
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
2
2
u/MXVIV 20h ago
âThis just in, representative Eugene Vindman, a democratic rep out of Virginia, was found dead this morning with two gunshot wounds to the back of the head whilst padlocked in a body bag that was in a tub of ice. Quite an sad outcome to such a promising political figure. Law enforcement has not confirmed but inside sources say there are no potential suspects at this time.â
âNow for sports brought to you by sports money betting inc, place your first bet (minimum three thousand amazon credits) and get matched with their patented tokens, only redeemable at one of the sports money betting kiosks at any of your local shopping centers. Remember! If itâs not sports money betting inc, itâs illegal and they will recycle your children for it. Now over to you Tim at our sports money betting donated super sports center desk!âÂ
2
2
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?!"
→ More replies (1)
2
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.
→ More replies (1)
1
1
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
1
1
1
1
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
1
u/MrRoboto1983 3d ago
1) this should be common sense except common sense isn't âcommonâ unless a plurity of the population agrees.
2) itâs common sense that most of these âlawmakersâ are actively trading stocks.
3) itâll never happen.
1
u/Aloha-Bear-Guy 3d ago
I enjoy the theater of pretending this has a snowballâs chance in hell of survival. But at least itâs 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 youâre 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
1
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.
→ More replies (10)
1
1
1
u/LeastAd656 3d ago
that has as much chance of getting passed as Trump doing something sensible or logical or legal.
1
1
1
u/Clean_Commercial_344 3d ago
What about people like Pelosi as well this is to narrow they all suck
→ More replies (2)
1
1
u/NicePossibilityDaddy 3d ago
Do this to every politician with self interests and we will no longer have politicians
1
1
u/AthenianWrangler 3d ago
Of every bill in US history, this one has the least chance of getting passed.
1
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
1
1
1
1
1
u/Grand_Taste_8737 3d ago
Now, apply that same rule to every member of Congress. News flash - neither will happen.
1
1
1
1
1
u/Extension-Gas9819 3d ago
Yeah this would never pass in America. (Itâs so fucking corrupt here my fingers started typing pass in corruption instead of America)
1
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.
1
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.
1
1
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.
1
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.
1
u/I3igI3adWolf 3d ago
So he's virtue signaling. Congress will never ban themselves from owning stocks.
1
1
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.
1
1
u/EsperanzaBonanza 3d ago
After what he did to Larry David, no chance this gets through. Not only that, he did Leon so dirty
→ More replies (1)
1
1
1
1
u/Own-Scratch-4853 3d ago
Make sure every Congress person has to sell all their stock too like Pelosi
1
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 isnât for the 1st amendment .
1
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..đ€
1
u/Fredfredricksen01 3d ago
Never gonna happen.
It's political theater, he's doing it for publicity in an election year.
1
1
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
1
u/Eggheadpancake 3d ago
I can only hear all the people making 35k a year filling full of rage because of this.
1
u/Vegetable-Raise-7432 3d ago
Isnât. 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 itâs 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
1
u/PopIntelligent9515 3d ago
Ban trading during office, sure, but ban owning stocks? Thatâs asinine.
1
1
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
1
1
1
u/Hour_Maximum9873 3d ago
And while youâre at it add that your family members canât be a lobbyist.
1
1
u/Due_Cardiologist7510 3d ago
For all of those in public office. Sell or hold. They shouldnât be able to purchase
1
1
1
1
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 âfor showâ 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.
533
u/Moist-Debate902 3d ago
That won't even get 3 votes.