Re:House Democrats to propose ban on lawmaker stock trading ...
by willcipriano on Thursday July 28, 2022 @12:42PM
(#32266785)
It is huge by the people they are supposed to govern standards though. It would be a raise to virtually everyone except the top 1% of people in terms of household income. They also receive top of line medical care and retirement benefits in addition to the salary. The salary isn't preventing poor people from becoming elected officials.
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Re:House Democrats to propose ban on lawmaker stock trading ...
by danaris on Thursday July 28, 2022 @01:13PM
(#32267297)
It would be much more effective to guarantee that the salary of Congresspeople was a fixed multiple of the minimum wage than to attempt to force Congresspeople to live on minimum wage (or anything similar).
Even as it stands, just relying on their Congressional salary, it can be difficult for Congresspeople to maintain a residence in their district and one in DC—which is a fairly expensive real estate market—which is effectively a requirement of their position. Within some fairly clear limits, increasing the salary paid to those in Congress would have a tendency to decrease their reliance on lobbying money, rather than increase their appetite for it.
Re:House Democrats to propose ban on lawmaker stock trading ...
by willcipriano on Thursday July 28, 2022 @01:31PM
(#32267617)
Studio apartments in DC are available for $2000 - $2300 a month, that's $27,600 a year, leaving them with $146,000 a year to secure a place to live within their home state, or roughly triple the median household income. For most Americans that would be a massive increase in their standard of living.
Rather than paying our politicians more to hopefully prevent them from being corrupt I'd suggest putting them in prison anytime we catch even a slight whiff of impropriety.
Re:House Democrats to propose ban on lawmaker stock trading ...
by tootallgavin on Thursday July 28, 2022 @12:59PM
(#32267053)
> The salary isn't preventing poor people from becoming elected officials.
I agree, and trading stocks is not keeping poor people from becoming elected officials either