I know I do. (Yes, that is definitely sarcasm.) If you want to get rich(er), then get elected to Congress. And if you’re naughty, then there’s a committee for that. Supposedly conflicts of interest are regulated by the House and Senate ethics committees, except they’re both rather opaque and no one really knows if they even care.
Seriously. Just ask Nancy Pelosi. She’s beaten every single hedge fund in America — out of sheer coincidence, and not because of insider trading, of course. No one, and I mean NO ONE is that good — not even Warren Buffett. Unless she is a direct descendant of Jesus Christ, nothing other than insider trading explains her supernatural ability to time the market.
But there’s nothing nefarious happening here, right? So if it’s pure luck, then why are the House and Senate attempts to ban stock trading by elected officials going nowhere? You’d think they’d have no problem with getting this bill passed, right?
Yet here we are.
The Founders made just one mistake when they drafted the Constitution — they assumed that future generations would be good people. It’s one of several reasons why they didn’t think term limits were necessary.
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