Sometimes in life, we get lucky and the best solution is the simplest one. For example: Our elected members of Congress are openly and regularly trading stocks chasing personal profits, leading to seemingly endless possibilities for corruption. Thus, we should ban congressional stock trading.
Simple and clean. But let’s dive deeper.
So, what’s the big issue with congressional stock trading, you ask? Well, as a part of their duties, members of Congress are given unprecedented amounts of confidential information about, and routinely exercise oversight over, companies and organizations, which include publicly traded corporations. Unchecked, members could then use this information to profit in the stock market, linking personal gain and legislative action in ways that directly harm the legitimacy of our government.