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Should congresspeople be allowed to own stock?
if "cash" is essentially common stock in the country, and common stock for a large international corporation essentially competes against it in the marketplace, should congress be allowed to own "positions" in companies which may not have the interests of the people at heart?
So does a "blind trust" own stock? Seems like Cheney did not have his assets in a blind trust.
4 Answers
- 1 decade agoFavorite Answer
The interest of the corporation IS the interest of the people since the Citizens United supreme court decision. Now where does that leave us? Whether politicians own stock or are merely bought by campaign donations, the corporations have a corrupting and detrimental effect on the common good of the citizens. The voters are being unduly influenced by corporate interests as well. Unless Americans get more knowledgeable and discerning we are in for a solid reaming.
Source(s): Wisconsin, Michigan, Ohio, Indiana etc. - PfoLv 71 decade ago
Not directly. Major conflict of interest. They can invest in blind trusts, most do. You can't be seen passing laws that give benefit to corporation X when you own stock in them.
- bi-polar-iticalLv 61 decade ago
not at all. as long as they are in office they should be on hold and then when they leavr there should be a five year hold on any inevstments.
- Anonymous1 decade ago
of course. but it should not influence their decisions as it does now.
