You know, I've been looking at the data on this. A 2022 study from researchers at Harvard and the University of Chicago found that less than one percent of trades made by members of Congress actually coincided with major legislative actions. That's not nothing, but it's hardly the widespread corruption people assume.
The problem with banning stock trading is that it treats every public official the same way, whether they're a senator with real influence or a local school board member. We're talking about people with families and retirement plans. Forcing them into blind trusts or index funds strips away their ability to manage their own finances. That's a big ask.
I think we should focus on stronger disclosure rules and enforcement instead. Transparency works. We can track patterns without taking away a basic financial freedom. It's a more measured approach that actually addresses the issue without overcorrecting.
12:36 AM