• DJKJuicy@sh.itjust.works
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    1 month ago

    To my surprise this is actually illegal for members of Congress per the STOCK Act of 2012:

    https://en.wikipedia.org/wiki/STOCK_Act

    I was going to reply that this is totally legal but decided to fact check myself.

    They all do it. There’s no other way to earn millions and millions of dollars making $174k a year…

    • anon_8675309@lemmy.world
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      1 month ago

      There’s no way to make millions and millions from stock purchases on $174k in any short period of time. They’re using other funds.

  • ceenote@lemmy.world
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    1 month ago

    I feel like that circle of people will be suspicious of anyone not grifting or insider trading.

    • Seaguy05@lemmy.world
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      1 month ago

      As our old friend, Paul Ryan, once said… This is how you know we’re all a family here. If they’re all corrupt they know they’ve all got each other’s backs.

  • Lucky_777@lemmy.world
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    1 month ago

    Mark Wayne was worth something like 400k when he got into congress. Now 32 million, probably more now. He makes 174k a year. Definitely insider trading going on.