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Re:House Democrats to propose ban on lawmaker stock trading ... by paulcole on Thursday July 28, 2022 @01:13PM (#32267314)
Did you mean to reply to me here?

I was trying to clear up your confusion that staff (and other expenses) were paid out of a congresspersons $150,000 salary (which is also a bit higher than that btw).

Re:House Democrats to propose ban on lawmaker stock trading ... by tootallgavin on Thursday July 28, 2022 @01:46PM (#32267822)
I am not particularly confused about the salary though I see how my comment point to that.

I am trying to assert that political machines require money. Taxpayer money is one avenue the stock market is another.

I am also saying that the money allocated, by taxpayer money, may not be enough. One way to alleviate this tension is investing in the stock market.

If I am not mistaken, if this ban passes, would they not also vote to increase their salaries? (I would think so, because a source of income was made illegal) So, to conclude, I don't want to give more money to politicians. Let them make money in the stock market and actually enforce the laws already in place that governs their trades.

Re:House Democrats to propose ban on lawmaker stock trading ... by paulcole on Thursday July 28, 2022 @03:27PM (#32269070)
> I am also saying that the money allocated, by taxpayer money, may not be enough

What is this hunch based on, given that you didn't know they had another $1,000,000+ to spend?

Re:House Democrats to propose ban on lawmaker stock trading ... by tootallgavin on Thursday July 28, 2022 @04:13PM (#32269554)
> What is this hunch based on

Politicians trade stocks

Re:House Democrats to propose ban on lawmaker stock trading ... by paulcole on Thursday July 28, 2022 @11:40PM (#32272915)
Homer: Aw, twenty dollars? I wanted a peanut!

Homer's Brain: Twenty dollars can buy many peanuts.

Homer: Explain how!

Homer's Brain: Money can be exchanged for goods and services.

Re:House Democrats to propose ban on lawmaker stock trading ... by tootallgavin on Friday July 29, 2022 @01:02AM (#32273332)
Paul: Aw, what do I do with all this money? My purse is so small!

Mr. Cole: That money could be put to use, to gain more money.

Paul: Explain how!

Mr. Cole: Money can be exchanged for stocks and bonds. The value of these securities shifts over time. Performing analysis on these securities can help you produce probabilities on how the value may change.