Thursday, June 13, 2019

The Insider Trading Loophole

Alexandra Ocasio-Cortez objects to withdrawing a bill to increase her salary by $4500 per year because keeping salaries unchanged for Congress, “only increases the pressure on members to exploit loopholes like insider trading loopholes to make it on the backend.”

In addition to bad grammar, presumably she knows that insider trading is illegal. There is no “loophole” that permits it for members of Congress. It is illegal.

She goes on to say that voting against pay raises is “superficial.” (She probably means “symbolic,” but…) She claims that not increasing the salaries will “increase the pressure to exploit loopholes” to “enrich oneself from service.”

Because, of course, a member of Congress could not possibly be expected to exist on the paltry salary of $174,000 that presently is paid by our government, and would therefor have to resort to illegal means to obtain additional income in order to get by.

1 comment:

bruce said...

So she basically saying Congress members are corrupt or corruptible. I'd venture to say that we already know they are. Either morally or materially. Starting with He-Shall-Not-Be-Named.

Okay, maybe not all of them are bad. But enough are and there a re go-alongs, and that has given the lot of them a bad smell.

Yes, I'm cynical. And no, I don't think much of Ms. AOC

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