Comment on Biden’s Budget Calls for Tax Increases on Corporations and the Wealthy

DogPeePoo@lemm.ee ⁨9⁩ ⁨months⁩ ago

• rigatti@lemmy.world ⁨9⁩ ⁨months⁩ ago

  Not sure that’s part of the budget plan. It would probably have to be a separate law passed by Congress that they definitely would not vote for.

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• sonori@beehaw.org ⁨9⁩ ⁨months⁩ ago

  The problem is it’s typically their families that do the stock trading, and i you can’t extend employment contracts to unrelated parties. Even if you did do it with a law, people will still talk with their friends. This is part of the reason why insider trading is so difficult to prosecute and enforce outside of the blinding obvious.

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  • DogPeePoo@lemm.ee ⁨9⁩ ⁨months⁩ ago

    But I think you have to do it anyway— with the threat of investigation and prosecution for the sharing if insider information.

    Right now it’s tacit approval.

    Every 2 years it’s talked about banning trading for them to appease the public, then a long delay, then nothing occurs.

    They are robbing retail’s money in plain sight.

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    • sonori@beehaw.org ⁨9⁩ ⁨months⁩ ago

      Ohh no, they should ban it. I just don’t expect it to do anything.

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      • DogPeePoo@lemm.ee ⁨9⁩ ⁨months⁩ ago

        Yes— thank you. I’m tired of their nonsense. It’s completely unethical.

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• AceTKen@lemmy.ca ⁨9⁩ ⁨months⁩ ago

  Please also disallow Congress from trading in the US stock market with their inside information.

  One small adjustment and it’s perfect!

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