Re:Unusual Stock Trading by Whales in US Congress
by jhallenworld on Thursday April 15, 2021 @02:21PM
(#26824286)
It was at least created for them to at least preserve their wealth. In the debates leading up the creation of the Senate, here is a typical argument:
"...our government ought to secure the permanent interests of the country against innovation. Landholders ought to have a share in the government, to support these invaluable interests and to balance and check the other. They ought to be so constituted as to protect the minority of the opulent against the majority. The senate, therefore, ought to be this body; and to answer these purposes, they ought to have permanency and stability. Various have been the propositions; but my opinion is, the longer they continue in office, the better will these views be answered"
"...our government ought to secure the permanent interests of the country against innovation. Landholders ought to have a share in the government, to support these invaluable interests and to balance and check the other. They ought to be so constituted as to protect the minority of the opulent against the majority. The senate, therefore, ought to be this body; and to answer these purposes, they ought to have permanency and stability. Various have been the propositions; but my opinion is, the longer they continue in office, the better will these views be answered"
https://founders.archives.gov/documents/Madison/01-10-02-004...