I think we could get by with less drastic solutions. Allow them to buy and sell stocks BUT it's limited to the same basic funds that are accessible from government employee's retirement accounts and/or 105b-1 them like C-suites. They can buy/sell something but on a pre-defined, publicly disclosed schedule.
Allow things like "every 6 months, I want to put $X into the SP500," but no targeted trading either in selection or time. I say this not out of some concern for congressional scumbags, but if you don't at least let them invest the same way a mailman can, it's goes to making office a rich man's game (even more so than it is) and giving them a justification for finding other ways to enrich themselves. And if they're not fully excluded, it has a better chance of passing.
Let them buy into some passive whole market funds. At least that way they have to enrich the economy to enrich themselves.
I think we could get by with less drastic solutions. Allow them to buy and sell stocks BUT it's limited to the same basic funds that are accessible from government employee's retirement accounts and/or 105b-1 them like C-suites. They can buy/sell something but on a pre-defined, publicly disclosed schedule.
Allow things like "every 6 months, I want to put $X into the SP500," but no targeted trading either in selection or time. I say this not out of some concern for congressional scumbags, but if you don't at least let them invest the same way a mailman can, it's goes to making office a rich man's game (even more so than it is) and giving them a justification for finding other ways to enrich themselves. And if they're not fully excluded, it has a better chance of passing.
Let them buy into some passive whole market funds. At least that way they have to enrich the economy to enrich themselves.