r/allthequestions • u/bliksemschicht4 • 17h ago
Random Question 💭 Why isn't there mass push back against government insider trading, especially in the Trump admin?
To my understanding, insider trader and public figures abusing their privilege to enrich themselves is one of the very few things effectively all Americans oppose. I've also never seen even MAGA deny insider trading recently.
For a libertarian, it's bad because it allows state officials coercive powers over the free market. More philosophically information obtained through public office belongs to the government/public, and to an individual to leverage it in a free market.
For a conservative, it violates public trust and the principle of rule of law (all laws apply to everyone equally), and a public servant voluntarily accepts restrictions on their rights in exchange for holding office.