The deal would immediately prohibit members of Congress from buying stocks and selling stocks 90 days after the bill is signed into law.
It would also ban member spouses and dependent children from trading stocks starting in March 2027. Penalties for violating the law would either be the monthly salary of a lawmaker or 10% of the value of each asset they buy or sell.
Most taxes on asset sale is based on profit, subtracting the bought price from the sold price. Given the wording the tax would be on the sale price, not the profit.
AFTER BEING SIGNED INTO LAW seems like a huge loophole to me. They can just trade while they’re talking about it or right after it passes but hasn’t been signed, etc etc.
I dunno maybe they should be subject to more stringent rules like people at banks and such? If you can just trade your stocks right before you pass a law, what’s the point of the new rule? That’s part of why they’re under fire in the first place isn’t it? They have insider information. Saying you can’t trade after the fact seems like it’s too late to me. Maybe I didn’t explain that well idk.
I understand your point, but that’s what this law would theoritcally accomplish. It would limit representatives/senators from being able to trade stocks (a higher standard than an average citizen). While they can buy/sell stocks before the law, that’s just the current state of affairs.
Regarding the timing of trades, etc. The value of their insider knowledge is really only beneficial over long periods of time. Yes they could buy/sell stock in the interim, but preventing it long term would be an actual win.
But Raiklin is nothing if not self-assured that the “evidence” he’s gathering on anti-Trump “deep state” plotters is real. So real, it seems, that Raiklin claims the material — fully revealed — would establish probable cause for county sheriffs across the nation to issue arrest warrants for various high-ranking officials who have, in one way or another, run afoul of Trump.
Under Raiklin’s objectively bizarre plan, the sympathetic sheriffs would deputize some 75,000 military veterans — veterans he claims have been pushed out of service because they refused to comply with COVID-19 vaccine mandates — to carry out the arrests.
I mean, it is bizarre, yes. But it’s also terrifying. The undoing and overtaking of the democratically guard-railed structures of law enforcement is one of the last stages in a fascist collapse. After that, there’s basically nothing left.
They’re trying to figure out how to make an armed force that will go out and use deadly force in public on American streets against anyone who’s disloyal to the movement in any way. And, it’s vital to cloak it in a veneer of legitimacy - hence using friendly sheriffs, hence the confusing setup of “State Guards” by analogy with National Guard, but explicitly loyal to a person as opposed to the constitution. And, because a lot of these people will have friends in law enforcement and normal-looking badges and uniforms, and endorsement from the highest offices in the for real US government, the real law enforcement will hesitate to do anything about it, in a way they wouldn’t (as much) if it was a Patriot Front mob in khakis that was “arresting” a Democratic governor or whatever they are doing.
They’re not sure how to do it, yet, and what will work and what won’t. That’s why it’s so bizarre and hamfisted. But they keep trying, and no one’s stopping any of the explicitly seditious efforts which in any functioning democracy would be instantly recognized as the incredible danger that they are. And sooner or later, one of these things they try is gonna catch on and start working.
And so after a decade of wrecking the courts and passing every Qultists wet dream of bullshit legislation, when they finally get coked up enough to try something, who or what will stop them.
Well, the only people or things left. So. What haven’t we tried yet?
Thanks for pointing it out. I always write “the Ukraine” because it’s how we write it in my native language. I didn’t even know in English the article is used for non sovereign counties. It’s really hard to avoid the extra article here, as in for example German, we use “the Ukraine” exclusively, as it’s female. It’s the same with the Netherlands, the Turkey, the Switzerland. Never even heard before this could imply denying sovereignty.
In English it implies it’s a geographical region rather than a nation’s name. The exceptions are for nations that have an adjectival element. The United States, The Democratic Republic of Wherever, etc.
It’s petty semantics that passes by most, but the people that translate Russian official statements in English are aware of the difference and made a point of it for decades specifically to attack Ukraine’s standing in America and the Commonwealth.
Generally speaking, it’s a minor enough distinction that no one would care if Russia didn’t.
It is actually Reddit policy about threatening violence and harm to others. But it is silly, because that’s the article title. Perhaps it was removed by automation?
a triangle of bullshit states I couldn’t give a fuck less about. It’s hard to contain my surprise here about such a goofy ass backwards thing in these states lol
I don’t know, Singapore has a population of around five and a half million… sixteen insects probably won’t be enough for that many people… even if they were millipedes most citizens wouldn’t even get one leg…
Nobody begins to tackle the constitutionality of Biden leaving after some of the primaries have closed. Every primary that has closed will not have had the opportunity to vote for whoever replaces Biden. The right will rip us a new one for installing a candidate without voting for them and for once they’d be right. With democracy on the line we cannot forgo democracy.
America doesn’t have legal constructs around political parties so whatever the fuck the democrats do won’t go against US law - its all just “tradition”.
Democratic delegate voting rules require the delegates to “in good conscience” vote for who they were sent there to vote for unless they’re released by that candidate. Realistically, an open convention will only happen if Biden releases his delegates.
Maybe? But they also might get sued and/or blacklisted from party politics. There was an interview with various delegates and even those who thought someone else should be the candidate they believed they were obligated to vote for Biden.
It’s not entirely democratic at the convention, even in a typical election cycle. Recall that 15% of the delegates are “unpledged party leaders and elected officials” (superdelegates).
That aside, I don’t think there’s a constitutional issue here with respect to replacing Biden. If Dems decided to select the candidate via musical chairs or Parcheesi, to my knowledge that’s a party matter (though voters would undoubtedly take a dim view of such antics).
2018, right? But there hasn’t been a contested convention since the rule change. Could be quite the circus, for good or ill. Multiple ballots more likely? Guess we’ll see.
There hasn’t been a brokered convention in the modern era of the primary system (post-1968). It would 100% be a circus. Good for TV, probably exciting, almost certainly bad for the party and its candidate. My guess would be that everything would be handled by the prospective nominees before the convention itself to avoid looking like a hot mess in front of the nation.
The West Wing had a brokered convention that went like seven ballots. Was a good episode IIRC.
It depends on how things are run, but unless there’s a pre-decided consensus choice, multiple ballots would be likely.
And for this choice I’m not entirely sure it’s wrong for party leaders and elected officials to have a vote. It’s not like the Biden delegates were selected at random from the public to represent it in a momentous decision. No one thought the delegates would be anything other than a formality. They were likely selected as a reward for service to Biden or as a favor to some local official.
Same, I actually prefer a party-leadership and elected officials decide process to the primary system we have now. FiveThirtyEight did a series of podcasts about the history of the US primary system and it really brought me around to disliking the way we do it. There’s a reason that almost no other country votes on candidates for party nominations the way we do. Here’s the link: fivethirtyeight.com/tag/the-primaries-project/ I recommend listening to all four episodes, but the third in particular was excellent.
There are no constitutional implications to a party’s nomination process so long as it doesn’t violate the law with regard to discrimination and the like. If Biden withdrew you get a brokered convention. If he withdrew after being nominated, the party’s rules would place his VP nominee at the top of the ticket (although ballots would likely still have his name due to state laws and logistics).
It’s a concerted effort spanning almost 70 years and I agree, they’re not going away at all.
It’s a long listen but worth checking out How Conservatism Won by Robert Evans. He lays out in a clear concise way “how a consortium of rich failsons got together to fund a network of right wing think tanks and shift American culture in a fun new direction. (note: it was not actually fun at all).”
The rich hated FDRs New Deal and immediately set about to undo all the trade, tax, and housing policies, labor and consumer rights, everything, he’d done. They very much want a return to the gilded age with themselves as the robber barons and gentry. They’ve been very successful and those think tanks are now pipelines used to funnel ideological purists into powerful positions like our current Supreme Court.
I tell people as often as I can, especially my trans and bipoc friends; now is the time. Get a couple guns (a long one and a short one) and learn how to use them. Learn some basic first aid, you really just need to know how to stabilize someone. Start networking with like-minded people in your communities. The police will not protect us, they’ve proven they’ll happily club senior citizens to the ground and shoot any protesters in the face with rubber bullets while escorting a rightwing murderer to safety. We only have soap, ballot, bullet, and jury boxes and obviously the soapbox has limited impact.
Iran was a secular, liberal state until almost 1980 when they (mostly legitimately) elected an Islamist theocracy; it could happen here.
edit: tl;dr the shadowy cabals the rightwing says are behind everything is classic projection again because they’re controlled by shadowy cabals of rich people and they’re winning
It is more effective to educate conservatives on why white supremacy is wrong. Buying a few little pew pews isn’t going to stop them. Maybe buy you some time to slip out the back.
Perhaps demand they craft legislation on media outlets. Have you noticed the History channel plays nothing about history anymore and is all reality tv?
Of course we should try to reach out and educate, the soap box and the ballot box are always the first and second choices; but you sound like someone with nothing to lose. What happens when the attempt at “education” fails? When the attempt to speak civilly is met with red-faced screaming? When you try to use reason and they use an armed mob.
I wonder if anyone just tried educating Hitler about how antisemitism is wrong.
I’m in a deep red state. I have no interest in letting a caravan of MAGAts come into the singular liberal, “crime-infested blue city” within 200 miles to Rittenhouse some “groomers” because their guy gets to be dictator “for a day.”
Their hate is fueled by manufactured propaganda, an outrage machine controlled by billionaires. The media needs to be regulated immediately and some Monopolies need to be broken up. There is no better time than now
Well technically it iant nor can the plan claim affiliation or support for any candidate. But its pretry clear to anyone with a brain that it does align very well with his ideology.
This is important. I notice a big push here in Trump country to distance him from it. Lots of ardent followers posting sharing stuff that suggests Project 2025 is nothing more than a “conservative wish list” that comes out every cycle. Nothing to see here! And that it has nothing to do with official policy. I suppose we’re to ignore the recent egregious decisions handed down by SCOTUS and Trump himself repeatedly saying he’d be a dictator on day 1 -specifically to enact these goals?
“We have finally figured out a way to pass this law with a big enough loophole for us all to continue to partake in all of the insider trading we want through other family members or our bagmen. I mean lawyers.”
Honestly though, Merkley on board is actually a great sign in my opinion.
Meh I lost some respect for Merkley when he did his publicity stunt of bringing the media and trying to get into the ICE facility unannounced to see how the kids were living under Trump but then never mentioned the detainment or living conditions again once the news cycle refreshed. Wyden on the other hand has been killing it by blasting the government on matters of privacy and surveillance for years with his position on the Intelligence Committee.
In any case, with this being a bipartisan bill, I’m sure there are healthy loopholes carved out (or plans for future amendments) in this bill.
Fuck yeah my boy Ron. Fun fact I saw him in a Portland coffee shop not that long ago. If you didn’t know him you’d never guess. He blends right in as an average older dude lol
can’t wait for the day when you can buy slaught-o-matics from a vending machine in 'murica. What is the fricking use case for buying Ammo at a grocer now at a vending machine?
“Oh I forgot to buy ammunition for my school shooting, better hit Walmart up and get some.”
Why not skip the middleman and equip every building with explosive vending machines that set a timer if you put in a quarter? There’s nothing more American than mass slaughter of innocents.
If only every war was decided by the two most pompous shitbags slapping each other around, rather than tens of thousands of 20-year-olds getting slaughtered with high explosives.
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