Re:Federal judges or their brokers traded stocks of litigant...
by unmole on Saturday October 23, 2021 @03:50AM
(#28966522)
> Dissuading the wealthy from seeking office sounds like a feature, not a bug to me.
Around 55% of Americans own stock.
Re:Federal judges or their brokers traded stocks of litigant...
by murphyslab on Saturday October 23, 2021 @04:17AM
(#28966635)
"The wealthiest 10% of Americans own a record 89% of all U.S. stocks" — CNBC
https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-...
If you aren't one of that "wealthiest 10%" it would not be difficult to divest your stock holdings in exchange for an index fund.
Re:Federal judges or their brokers traded stocks of litigant...
by PeterisP on Saturday October 23, 2021 @06:28AM
(#28967151)
I would presume that almost everyone qualified to be a federal judge to be among the wealthiest 10% - the median lawyer income is approximately 90-th percentile, and I would presume that the seniority and skills needed for such a position would disqualify most of the less experienced and/or weaker lawyers.
Re:Federal judges or their brokers traded stocks of litigant...
by DFHippie on Saturday October 23, 2021 @08:20AM
(#28967715)
Income is not the same as wealth. They are correlated, but you're blurring lines. The wealthiest individuals accrue a negligible amount of their wealth from income. And the power law relationship between wealth and stock ownership doesn't end when you cross the 90th percentile either.
Dissuading the wealthy from seeking office sounds like a feature, not a bug to me.