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Laeek t1_isu9p5c wrote

Reply to comment by Squidworth89 in Stop The Corruption by sillychillly

So let them invest in index funds. Less than one percent of Americans are active traders. Active trading isn't necessary for financial security, and the thing people have issue with is "insider trading" (used colloquially) like members of congress buying stock in specific American chip manufacturers before they vote to give the industry a subsidy.

Plus members of congress get a pension and lifetime health insurance, in addition to a generous salary while in office. You're either making your argument without knowing how members of congress are compensated or you're being disingenuous.

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Squidworth89 t1_isuh6g2 wrote

You guys cannot even keep your definitions straight.

The "Less than 1%" you're referring to is day trading. That has nothing to do with the conversation.

Just because someone buys stock in specific companies doesn't mean it's insider trading, or day trading, or whatever else ppl come up with.

They get a decent salary while in office for DC. Not something I would give up access to stocks for.

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