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Re:Congressional lawmakers 47% pts better at picking stocks by trentnix on Wednesday December 03, 2025 @09:29AM (#46134861)
Every single one of these scoundrels will stand up at a college graduation and exhort the virtues of public service and sacrifice for country. But somehow they all manage to get rich in the midst of their own service and sacrifice.

They shouldn't be allowed to trade stocks. When you do so, corruption is inevitable. It should be an expected price of public service that you remove yourself from most other ambitions.

I'd hope that if they were required to live off of their (rapidly depreciating) savings and income, like most Americans, they might consider some of their legislative choices differently.

Re:Congressional lawmakers 47% pts better at picking stocks by Aurornis on Wednesday December 03, 2025 @09:43AM (#46135028)
> It should be an expected price of public service that you remove yourself from most other ambitions.

Countries like Singapore already figured out that if you pay public servants very well you can attract high quality people to government jobs.

If you make part of the job requirements that you sacrifice your retirement and financial well being for the good of the country you’re just targeting a type of politician you wish existed, not real people.

> I'd hope that if they were required to live off of their (rapidly depreciating) savings and income

The problem with your line of thinking is that “they” is not a fixed set of candidates. If you forced them to have “rapidly depreciating” financial states to take the job, you’d lose a lot of candidates. I know you’d like to imagine they’d be replaced by perfect utopian candidates who only have your best interests in mind, but in reality if you make people financially desperate they’re actually more likely to look for ways to commit fraud for self-benefit. Imagine the desperate lawmaker watching their family’s retirement “rapidly depreciate” who gets a visit from a lobbyist who can get their kid a sweet $200K/yr do-nothing job if they can just slip a little amendment into a law.

The populist movement to punish lawmakers is self-defeating.

Re:Congressional lawmakers 47% pts better at picking stocks by IgorPartola on Wednesday December 03, 2025 @10:48AM (#46135839)
Or we can recruit lawmakers how we choose juries: randomly. Every two years we randomly select 435 individuals to serve in the House and 100 random people for the Senate. We pay them well, and they pass a basic literacy test. No money in politics, no parties. You have to for a coalition to govern.

One objection could be this: but what if we hire unqualified people. The counterargument: do you think are current legislators are more or less qualified than an average person?

Another objection: but what if they don’t want to do it? Counterargument: when a juror does not want to be on a case, they are almost always dismissed from it. Doesn’t mean you get to skip jury duty, just that you don’t get to do that one.

One last one: this will disrupt those people’s lives. Counter argument: what Congress is and isn’t doing right now is disrupting everyone’s lives as are lobbyists and special interest groups.

Something similar has been done in Ireland with their assemblies. And I do think that if you cannot convince 535 randomly selected average citizens that a law should be passed, that law is probably not worth passing.

Democracy is a terrible form of government. It’s just that it is about 5x better than anything else we have invented so far. Doesn’t mean we should stop looking for a better system.

Re:Congressional lawmakers 47% pts better at picking stocks by angiolillo on Wednesday December 03, 2025 @11:20AM (#46136285)
For reference, this is referred to as "sortition", and at least the Athenians felt that it was more democratic than elections. The randomization machines they used for picking winners (kleroterion) are quite ingenious.

In modern times, sortition sometimes shows up in some deliberative democracy proposals.

Re:Congressional lawmakers 47% pts better at picking stocks by groundzeros2015 on Wednesday December 03, 2025 @11:34AM (#46136531)
Athens is a tiny community. And within that the citizens are the aristocrats who know each other by name. Ordinary residents are merchants or slaves.
Re:Congressional lawmakers 47% pts better at picking stocks by angiolillo on Wednesday December 03, 2025 @03:01PM (#46139268)
Sure and when the US was founded the majority of residents were similarly not allowed to vote because voting was restricted voting to a minority of property-owning white males over the age of 21. Democracy has evolved from its Athenian origins, presumably sortition would as well.
Re:Congressional lawmakers 47% pts better at picking stocks by hrimfaxi on Wednesday December 03, 2025 @03:25PM (#46139634)
I think their point was that it only worked because of such a cohort to randomly select from.
Re:Congressional lawmakers 47% pts better at picking stocks by angiolillo on Thursday December 04, 2025 @09:39AM (#46148134)
That was also my interpretation and why I made the point that democratic processes have evolved to account for a changing polity.

The US government could not be managed by Athenian sortition any more than it could be by Athenian direct democracy -- the citizenry is too different, the questions too complex.

However, just as the Romans evolved their original Athenian-style direct democracy into representative democracy as their empire grew and became more heterogeneous, sortition has similarly evolved into deliberative democracy.

Re:Congressional lawmakers 47% pts better at picking stocks by groundzeros2015 on Thursday December 04, 2025 @02:25PM (#46151679)
Well I’m saying more than that.

There is no historical precedent for our democratic system. Not Romans, Greeks, or 13 colonies. Why cite them?

Nobody has ever had a system with 300 million people having almost direct voting while simultaneously having no definition of a citizen besides “born here”.

I’m skeptical. The Trump/Fetterman/RFK phenomenon is the fruit of this democracy, not an unlikely aberration.

Re:Congressional lawmakers 47% pts better at picking stocks by groundzeros2015 on Wednesday December 03, 2025 @11:23AM (#46136340)
We elect leaders - people with skills, knowledge, and expertise.

Does the average citizen even understand discounted cash flows or opportunity cost? And not to mention legal concepts I’m ignorant of.

I don’t see why lowering the quality of candidates by 10x would improve things.

Re:Congressional lawmakers 47% pts better at picking stocks by margalabargala on Wednesday December 03, 2025 @11:52AM (#46136792)
> We elect leaders - people with skills, knowledge, and expertise.

I admire your optimism but saying it doesn't make it so.

We elect people able to convince others they should be elected. Often that means they possess the ability to convince others they have the skills, knowledge, and expertise you describe.

If you think that's the same thing as actually having skills, knowledge, and expertise, well, I have bad news for you...

Re:Congressional lawmakers 47% pts better at picking stocks by groundzeros2015 on Wednesday December 03, 2025 @02:19PM (#46138722)
Optimism would be believing people on the street are as capable as Us senators.
Re:Congressional lawmakers 47% pts better at picking stocks by margalabargala on Wednesday December 03, 2025 @11:22PM (#46143781)
That's because most US senators have been senators longer than most people have been alive.

Most random people off the street would be as capable as a US senator if they spent decades doing it.

Re:Congressional lawmakers 47% pts better at picking stocks by groundzeros2015 on Thursday December 04, 2025 @02:31PM (#46151768)
People aren’t even good at the menial jobs they do have.
Re:Congressional lawmakers 47% pts better at picking stocks by margalabargala on Thursday December 04, 2025 @04:19PM (#46153237)
Yes, that's something they have in common with most of Congress.
Re:Congressional lawmakers 47% pts better at picking stocks by IgorPartola on Wednesday December 03, 2025 @12:08PM (#46137024)
Literally laughed out loud about this. You might have missed some of the things that prominent leaders with "skill, knowledge, and expertise" have been doing:

https://www.kennedy.senate.gov/public/2025/9/kennedy-calls-f...

https://edition.cnn.com/2015/02/26/politics/james-inhofe-sno...

Or an even older one: https://rollcall.com/2018/02/16/flashback-friday-a-series-of...

We are definitely not sending our brightest.

Re:Congressional lawmakers 47% pts better at picking stocks by groundzeros2015 on Wednesday December 03, 2025 @02:19PM (#46138716)
- literally a Kennedy - has BA from Harvard - has law degree

That’s not an ordinary person even if we think his health views are dumb.

Re:Congressional lawmakers 47% pts better at picking stocks by 0cf8612b2e1e on Wednesday December 03, 2025 @03:14PM (#46139469)
Isn’t literally a Kennedy a point against proving merit? Do you think many professors would fail a Bush, Clinton, Bezos, Zuckerberg, etc? Do such bloodlines even have to apply for admittance to prestigious institutions?
Re:Congressional lawmakers 47% pts better at picking stocks by groundzeros2015 on Wednesday December 03, 2025 @10:23PM (#46143450)
Yes, Kennedys, Bushes, and Zuckerberg's are imuch smarter and more capable than a randomly selected person from Walmart. I'll stand by that.
Re:Congressional lawmakers 47% pts better at picking stocks by kelnos on Wednesday December 03, 2025 @11:11PM (#46143731)
I absolutely hate the fact that I agree with you, but I think this is actually correct.
Re:Congressional lawmakers 47% pts better at picking stocks by throwaway2037 on Sunday December 07, 2025 @04:59AM (#46180548)
It is weird that you included Zuckerberg in that list -- Mark, I presume. I'm pretty sure it was not from a famous nor super wealthy family. Although, he did attend a prestigious high school, so his parents are probably upper middle class in US parlance. And Hillary Clinton is brilliant. Look at GW Bush's kids by comparison.
Re:Congressional lawmakers 47% pts better at picking stocks by throwaway2037 on Sunday December 07, 2025 @10:50AM (#46182564)
Edit: I meant to say: And Chelsea Clinton is brilliant.
Re:Congressional lawmakers 47% pts better at picking stocks by jazzyjackson on Wednesday December 03, 2025 @08:15PM (#46142622)

  got into Harvard
What, like it's hard?

(Cannot resist the legally blonde reference)

Re:Congressional lawmakers 47% pts better at picking stocks by sagarm on Wednesday December 03, 2025 @11:28AM (#46136426)
Do our current elected leaders understand discounted cash flows or opportunity cost? I'm not seeing evidence our current process results in people skill, knowledge, and expertise, especially given the over representation of people from entertainment.
Re:Congressional lawmakers 47% pts better at picking stocks by groundzeros2015 on Wednesday December 03, 2025 @11:35AM (#46136547)
Yes. across parties senators typically have prestigious law degrees and piles of accomplishments.

I’m not saying that makes them great. But if you want to see the pool of average citizens walk into a Walmart or DMV outside the Bay Area.

Re:Congressional lawmakers 47% pts better at picking stocks by HDThoreaun on Wednesday December 03, 2025 @11:49AM (#46136731)
Yes. They just don’t talk about it because the voters don’t understand and feel insulted when they hear politicians talk about stuff they don’t understand.
Re:Congressional lawmakers 47% pts better at picking stocks by BeFlatXIII on Wednesday December 03, 2025 @04:24PM (#46140346)
Those advanced concepts are what gets used to dupe people into letting themselves be ripped off.
Re:Congressional lawmakers 47% pts better at picking stocks by ragebol on Wednesday December 03, 2025 @11:00AM (#46136028)
Sounds very interesting, but one more counter-points I'd like to see counter-countered:

These random people will have to rely on experts a lot for knowledge they lack on any topic, because the world is complex. Now, these experts can be biased, bought, influenced etc. Or be accused of being in some sort of "Deep State" if you're into that.

But then again, this can already be the case, now I counter-countered myself.

Re:Congressional lawmakers 47% pts better at picking stocks by IgorPartola on Wednesday December 03, 2025 @11:22AM (#46136327)
That’s exactly it: we already have this in the form of the lobby industrial complex. Except it is possibly quite a bit worse because if you stay in Congress for a long time and form a trusting relationship with your lobbyists who by the way also pay to your reelection campaign or support you in other ways, over time you get to accept their expert opinion with less skepticism. If a lobbyist has to start over every 2 years, they can’t sink their teeth as hard into you. And I doubt many congresspeople are experts on most subjects on which they write laws. Some have economics degrees. Some are doctors, some are lawyers. Very few engineers, it seems.

If you wanted an alternative system: you could always have a professional group of law writers and a professional group of law opposers try to present arguments to a large assembly of law jurors. If they can’t get 2/3rds majority on a law, it doesn’t pass. This is better than something like direct democracy where everyone votes on an issue because you can’t get the voters’ attention on any one thing for more than a few minutes or a few hours at the most (except a small fraction for whom it is their life for a while). In this law jury setup you can properly brief them.

You could have some other body of professional governors who do things like emergency resolutions and maybe basic budget stuff but anything beyond that goes to the assembly for approval. You could create a new assembly as often as every 6 weeks and process a batch of laws at once so that you really rotate out the jurors before they can be influenced. And selection of law writers and law opposers can be something that is reviewed by this kind of assembly too, or just some large pool of professionals who are chosen at random for any given period of time and given the power to present before the assembly. A lot of options here for how to amortize bad behavior such that over the long haul it averages out to close to zero.

Re:Congressional lawmakers 47% pts better at picking stocks by jkartchner on Wednesday December 03, 2025 @03:24PM (#46139613)
Assuming, arguendo, that corruption is somehow not a factor in your scenario, it still doesn't account for ignorance. Consider that jurors in jury trials have one binary decision to make based on the facts and law given to them. They don't need to decide if the law is just (in fact that's explicitly NOT what they're supposed to do). They don't need (and are not supposed) to decide if the situation is fair. That happens elsewhere by folks trained to consider these things. Jurors in jury trials literally apply the law they are given to the evidence they are presented. That's it. Even this burden is often more than a lot of folks can wrap their head around.

The legislature, however, is not there just to nod its head when they think something is a good idea and voting no when it's not. Even if we were to create a space for exactly that, all we've done is push the fallibility to those who are doing the work to write and revise law--but now they're pitching to those off the streets who don't know anything about governance! If anything, lay congresspeople would magnify, not reduce, the problems we have with our current system.

Re:Congressional lawmakers 47% pts better at picking stocks by IgorPartola on Wednesday December 03, 2025 @10:10PM (#46143369)
I am definitely not going to argue with almost any of what you said. My main point is that democracy as we have it now clearly has flaws and maybe exploring ways to amend it to work better isn’t a terrible idea. Again, Ireland successfully used randomly selected assemblies to decide in major legislation. Perhaps a state like California that loves doing direct referendums and as a result has referendums decided in part by how successfully the campaign around the given issue is can benefit from a longer deliberation by people who are not known ahead of time.
Re:Congressional lawmakers 47% pts better at picking stocks by projektfu on Wednesday December 03, 2025 @11:23AM (#46136336)
Currently, the Congressional staff is mostly recruited and retained by the congresspeople, and they become the experts in many situations. They can also be retained by the committees, in which case they are often more non-partisan. They do have some ability to influence the debate, but they usually do not frame it.

If we had national assemblies by sortition every 2 years, I would worry that the the tail (the current structure of Congressional support staff) would wag the dog. A better system would need to be designed to enable good decision-making.

Re:Congressional lawmakers 47% pts better at picking stocks by benmmurphy on Wednesday December 03, 2025 @11:34AM (#46136533)
sortition is just democracy but with a weird probabilistic form of voting
Re:Congressional lawmakers 47% pts better at picking stocks by IgorPartola on Wednesday December 03, 2025 @12:10PM (#46137042)
As opposed to the determinism we have now?
Re:Congressional lawmakers 47% pts better at picking stocks by jkartchner on Wednesday December 03, 2025 @12:36PM (#46137432)
As a prosecuting attorney who selects and works to convince the "average" juror 5+ times a year, this is not a good idea. You are vastly overestimating what the average level of competence is. Most people, when given unfamiliar knowledge work to do, are so hopelessly biased and ignorant that I definitely think the average congressperson is more qualified to do that kind of work. We are spoiled by selection bias when extrapolating what "average" means in the USA.
Re:Congressional lawmakers 47% pts better at picking stocks by superxpro12 on Wednesday December 03, 2025 @02:46PM (#46139069)
I'm reminded of the famous Carlin bit: “Think of how stupid the average person is, and realize half of them are stupider than that.”
Re:Congressional lawmakers 47% pts better at picking stocks by dfxm12 on Wednesday December 03, 2025 @05:16PM (#46140988)
Speaking of "average", every political debate moderator should ask the candidates where they shop and how much milk and eggs cost. Ask them how much it is to fill up their car's gas tank. I don't necessarily think sortition is the answer, but I have more faith that the so called "hopelessly biased and ignorant average person" would address issues that affect me than I do with hopelessly biased and ignorant people like Trump, Johnson, Thune, Schumer and Jefferies, because I know they're only looking out for themselves.
Re:Congressional lawmakers 47% pts better at picking stocks by crummy on Wednesday December 03, 2025 @06:25PM (#46141716)
Re:Congressional lawmakers 47% pts better at picking stocks by throwaway2037 on Sunday December 07, 2025 @04:52AM (#46180504)
So if you are wealthy enough to have house staff to do all the shopping, cooking, and driving, then you are somehow less qualified to be a member of parliament?
Re:Congressional lawmakers 47% pts better at picking stocks by angiolillo on Thursday December 04, 2025 @12:40PM (#46150409)
> I definitely think the average congressperson is more qualified to do that kind of work

My sense is that people who advocate for sortition find it attractive not because they believe that the average citizen is more intelligent or better informed than the average career politician, just less corrupt.

Setting aside whether that's even true, I'm not sure whether it would be better to live in a country run by honest idiots or corrupt experts.

Re:Congressional lawmakers 47% pts better at picking stocks by NoMoreNicksLeft on Wednesday December 03, 2025 @02:58PM (#46139233)
>Or we can recruit lawmakers how we choose juries: randomly. Every two years we randomly select 435 individuals to

If anyone doesn't like that number (435), there's already a constitutional amendment to bump it up to 6000ish. It's been ratified by 12 states, so only 26 more needed. Call your state legislator today and ask why they're not ratifying it.

Re:Congressional lawmakers 47% pts better at picking stocks by seanw444 on Wednesday December 03, 2025 @03:21PM (#46139566)
Whoa. Gonna have to congregate in the Capitol One Arena if that happens.
Re:Congressional lawmakers 47% pts better at picking stocks by NoMoreNicksLeft on Wednesday December 03, 2025 @03:27PM (#46139661)
Let's fuck up Congress. Help make it happen.

(In seriousness, they'd be forced to explore other solutions, possibly even regional capitols with some sort of high-tech teleconferencing. Anything that decentralizes and claws back power from DC can't be a bad thing if you ask me.)

Re:Congressional lawmakers 47% pts better at picking stocks by singleshot_ on Wednesday December 03, 2025 @06:39PM (#46141832)
> The counterargument: do you think are current legislators are more or less qualified than an average person?

More, obviously. Almost a third of the US House and half the Senate are lawyers. Less than three tenths of a percent of Americans have a JD.

Re:Congressional lawmakers 47% pts better at picking stocks by IgorPartola on Wednesday December 03, 2025 @10:12PM (#46143384)
I am honestly curious how many Congresspeople with law degrees could pass the Bar.

But also have you see some of the laws written by them? I am not saying we need to dumb it down, but the fact that an average person who is governed by these laws cannot comprehend these laws is probably not the most desirable quality in a legal system.

Re:Congressional lawmakers 47% pts better at picking stocks by throwaway2037 on Sunday December 07, 2025 @04:49AM (#46180491)
Many people who are members of parliament are highly educated, usually in law. It sounds like a terrible idea to randomly select people. I want my MPs to be very well educated.
Re:Congressional lawmakers 47% pts better at picking stocks by greedo on Wednesday December 03, 2025 @10:09AM (#46135356)
Nebraska has a unicameral legislature that isn't in session year round. Pay is $12k/year (with travel per diem). This low salary leads to an older cohort of senators, either retired or wealthy enough to work part time. This low salary completely neuters the ability of younger people to enter state politics until they've amassed enough money to survive for four years.
Re:Congressional lawmakers 47% pts better at picking stocks by Tempest1981 on Wednesday December 03, 2025 @10:15AM (#46135441)
> requirements that you sacrifice your retirement and financial well being

Holding index funds seems reasonable (Total Stock Market, S&P 500)... not a huge sacrifice imo

Re:Congressional lawmakers 47% pts better at picking stocks by maerF0x0 on Wednesday December 03, 2025 @10:54AM (#46135939)
Definitely prefer something like Total market, even 500 companies is too much of a bias towards one group. Especially with the S&P500 currently looking like an S&P10...
Re:Congressional lawmakers 47% pts better at picking stocks by sidrag22 on Wednesday December 03, 2025 @11:16AM (#46136234)
this feels like a no brainer solution, but just seems like a wonderful wishlist that won't happen, ive heard it a lot.

I am wondering why i don't hear anything like: if a church or group representing a church get involved with politics, through lobbying or any other type of means, their tax free status is revoked and they are treated like a normal entity.

it seems like a similar type of thing that in my eyes at least, is a no brainer, but is just as likely to be chopped down because of how our current system functions.

Re:Congressional lawmakers 47% pts better at picking stocks by charlieyu1 on Wednesday December 03, 2025 @11:10AM (#46136167)
Hong Kong already showed that paying public servants well doesn’t stop corruption.
Re:Congressional lawmakers 47% pts better at picking stocks by throwaway2037 on Sunday December 07, 2025 @05:12AM (#46180613)
This is untrue. The programme to improve public servant pay started in the 1960s because British businesses were struggling with local corruption. (The Brits didn't do it out of the kindness of their colonizer hearts!) As a result, public servant pay was increased dramatically, then indexed with inflation, to ensure that most public servant roles were middle class and above. This greatly reduced corruption. If you think that having big trials about corruption is a sign that you country has a lot of corruption, I would say just the opposite. Having those big trials is proof that your anti-corruption police force (ICAC) and the court system is working. To be clear, I know if this changing since Hongkong became a single party state in the last few years.
Re:Congressional lawmakers 47% pts better at picking stocks by throwaway2037 on Sunday December 07, 2025 @06:03PM (#46186272)
Edit: To be clear, I don't know if this changed since...
Re:Congressional lawmakers 47% pts better at picking stocks by HighGoldstein on Wednesday December 03, 2025 @10:25AM (#46135553)
> Countries like Singapore already figured out that if you pay public servants very well you can attract high quality people to government jobs.

I see this argument a lot, but I think it treats people as uniform input-output machines. Singapore is successful in this regard because of much more severe and very real penalties for corruption, and because not "everyone does this". You can't bribe immoral people into behaving morally, because in the absence of morals they have no incentive not to just take your bribe and keep doing what they're doing.

A significant number of corrupt public "servants" are multi-millionaires, no amount of money will ever be enough for them.

Re:Congressional lawmakers 47% pts better at picking stocks by thaumasiotes on Wednesday December 03, 2025 @09:50AM (#46135130)
Compare the observation that in superhero comics, wealthy villains can be self-made, while wealthy heroes invariably get that way through inheritance.

The only acceptable leader is someone who was born so rich that he leads as a hobby.

Re:Congressional lawmakers 47% pts better at picking stocks by delecti on Wednesday December 03, 2025 @11:58AM (#46136876)
That strategy is pretty hit or miss though. Sure we've got Kennedy or FDR, but we've also got Bush and Trump.
Re:Congressional lawmakers 47% pts better at picking stocks by thaumasiotes on Wednesday December 03, 2025 @12:36PM (#46137423)
I'm not saying that's a useful thing to believe. I'm saying that's what people do believe.
Re:Congressional lawmakers 47% pts better at picking stocks by InitialLastName on Wednesday December 03, 2025 @01:20PM (#46137970)
Alternately: Self-made wealth is so frequently derived from evil that those who are born rich and come good owe penance for the sins of their forebears.
Re:Congressional lawmakers 47% pts better at picking stocks by ekianjo on Wednesday December 03, 2025 @09:49AM (#46135113)
> Countries like Singapore already figured out that if you pay public servants very well

So insider trading is not a thing among Singapore's ruling class?

Re:Congressional lawmakers 47% pts better at picking stocks by toephu2 on Wednesday December 03, 2025 @01:57PM (#46138464)
Singapore pays its public officials high salaries primarily to ensure the integrity and quality of its government. The official justification centers on attracting top talent who could otherwise command high incomes in the private sector, thereby establishing a "clean wage" that reduces the financial incentive for corruption. Salaries are explicitly benchmarked to the median income of the nation's highest earners.

e.g.,

Singapore PM annual salary: ~$1.63 million USD

Singapore President salary: ~$1.14 million USD

Re:Congressional lawmakers 47% pts better at picking stocks by danny_codes on Sunday December 07, 2025 @01:41AM (#46179687)
This makes so much sense to me. If the public sector is compensated the same or slightly better than the public, then naturally we’d attract the best people to the public sector.

Personally I never considered a career in the public sector mostly because there is an expectation in my country (US) that I would be poorly compensated.

Re:Congressional lawmakers 47% pts better at picking stocks by throwaway2037 on Sunday December 07, 2025 @05:14AM (#46180619)
To be clear, the Sing president has essentially no power -- it is a figurehead, mostly. It is a parliamentary system.
Re:Congressional lawmakers 47% pts better at picking stocks by superxpro12 on Wednesday December 03, 2025 @02:45PM (#46139059)
On a similar note, the NHL has a lot of problems with its referee program (they only recruit washed up AHL players with zero passion or experience in officiating), but one thing they seem to get right is that they pay the NHL ref's full time professional salaries up to 250k. Just to ref. With the goal that they're compensated enough to not worry about betting scandals or anything that can ruin the integrity of the game.
Re:Congressional lawmakers 47% pts better at picking stocks by akudha on Wednesday December 03, 2025 @03:32PM (#46139728)
Countries like Singapore already figured out that if you pay public servants very well

Congressmen get paid 170K/year, get pension after only 5 years (MTG is leaving just after she becomes eligible), plus they only work like 6 months in a year, right? Not sure about healthcare and other benefits. While they can't get rich on this salary, this does seem pretty decent salary and perks, right?

How do other democracies solve this problem?

Re:Congressional lawmakers 47% pts better at picking stocks by sackfield on Wednesday December 03, 2025 @07:15PM (#46142159)
Countries like Singapore figured out that high reward / high risk (e.g. punishment) is the essence of capitalism and thus retaining talent in the public sector.

EDIT: You will notice a lot of talk about high pay. It's important to note that this is not without major punishment for financial mismanagement. You can't have one without the other, it's not just a question of giving politicians a bigger trough to put their snout in.

Re:Congressional lawmakers 47% pts better at picking stocks by throwaway2037 on Sunday December 07, 2025 @04:48AM (#46180486)

    > Countries like Singapore already figured out that if you pay public servants very well you can attract high quality people to government jobs.
And most highly developed, democratic nations don't pay their highest gov't officials very well. Yet, they continue to attract high quality people. The only "proof" that I can offer: Look at G7 and similarly developed democratic nations (the richest per capita on Earth). If they struggled to attract the best and brightest into gov't, eventually things would decline due to economic mismanagement. Instead: They have not. Those nations have been rich for 50 years and will be rich for many more years into the future because they have high quality people in gov't making effective policy.
Re:Congressional lawmakers 47% pts better at picking stocks by newsoftheday on Wednesday December 03, 2025 @11:59AM (#46136893)
The idea sounds tempting at first but the founders set it up so congressmen could be voted in for decades or voted out. The real issue in my view is, why are constituents not voting the scoundrels out.
Re:Congressional lawmakers 47% pts better at picking stocks by ryandrake on Wednesday December 03, 2025 @10:32PM (#46143516)
You can't vote a scoundrel out without voting another scoundrel in. There's no option for "vacant seat".
Re:Congressional lawmakers 47% pts better at picking stocks by kelnos on Wednesday December 03, 2025 @11:13PM (#46143743)
Because you don't vote people out, you vote people in (or abstain from voting, which is just letting someone else decide who to vote in).

If all the options on the ballot are scoundrels, which seems to often be the case, you're kinda stuck.

Re:Congressional lawmakers 47% pts better at picking stocks by hopelite on Wednesday December 03, 2025 @12:08PM (#46137017)
Or maybe if they do trade, their trades have to be on a month long delay. The transparency should take out any corruption on the duration and it will incentivize their investment on long term gains and allow the public to also participate and make their insider knowledge.

The current lag timed reporting requirement is a decent start, but fact of the matter is that it still allows Reps to take advantage of insider knowledge to profit and thereby basically be bribed in circuitous ways not really all that different than a mobster/teamster accidentally leaving behind a suitcase of cash after they dinner party the politician invited him to, just even more obfuscated and structured.

Re:Congressional lawmakers 47% pts better at picking stocks by giancarlostoro on Wednesday December 03, 2025 @11:03AM (#46136064)
> They shouldn't be allowed to trade stocks.

I'd be okay letting them invest in S&P500 and that's about it.

Re:Congressional lawmakers 47% pts better at picking stocks by octoberfranklin on Wednesday December 03, 2025 @12:38PM (#46137446)
Re:Congressional lawmakers 47% pts better at picking stocks by ookblah on Wednesday December 03, 2025 @10:13AM (#46135403)
maybe capital gains for politicians should be increased to like 80% and redirected entirely to public service funds lol. i'm just throwing random crap out there but haven't thought it thru at all for 2.
Re:Congressional lawmakers 47% pts better at picking stocks by earlyreturns on Wednesday December 03, 2025 @10:28AM (#46135592)
Yes, I’m sure they’ll vote for that.
Re:Congressional lawmakers 47% pts better at picking stocks by maerF0x0 on Wednesday December 03, 2025 @10:54AM (#46135940)
Then we shouldnt vote for them...
Re:Congressional lawmakers 47% pts better at picking stocks by kelnos on Wednesday December 03, 2025 @11:15PM (#46143750)
That means that you shouldn't vote at all, then. Good luck getting 60 Senate candidates and 218 House candidates who would agree to something like that on ballots all over the country, with a chance in hell of winning.
Re:Congressional lawmakers 47% pts better at picking stocks by maerF0x0 on Wednesday December 10, 2025 @12:08PM (#46220330)
We would get them if we actually supported them and participated-- in time, money and votes.
Re:Congressional lawmakers 47% pts better at picking stocks by testfoobar on Wednesday December 03, 2025 @12:49PM (#46137584)
It is instructive to ask why voters are uninterested or incapable of selecting honest politicians?

Or another way to state my point: voters are getting exactly the politicians they voted for. There is no majority-constituency that seeks a different group - because majority voters already have the ballot power to select different politicians.

Re:Congressional lawmakers 47% pts better at picking stocks by trentnix on Wednesday December 03, 2025 @01:26PM (#46138049)
Indeed, an informed electorate voting in self-beneficial ways is the only perfect answer.

As Milton Friedman said:

  What is important is not the particular person who is elected President or the party he belongs to. I have often said we shall not correct the state of affairs by electing the right people; we’ve tried that. The right people before they’re elected become the wrong people after they’re elected. The important thing is to make it politically profitable for the wrong people to do the right thing. If it is not politically profitable for the wrong people to do the right thing, the right people will not do the right thing either.
Re:Congressional lawmakers 47% pts better at picking stocks by mrinterweb on Wednesday December 03, 2025 @02:38PM (#46138971)
I would rather congressional representatives be paid more and have much stricter rules (with sufficient oversight and penalties), than what we have now. Also the "revolving door" where congress members become lobbyists when they leave is no good. Not to mention that campaign fundraising starts the day they swear in, so they become beholden to their donors. Bribes, campaign contributions, what's the difference?

Federal US politician incentives are pretty much designed for corruption.