How is this crap legal?

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Fenixgoon

Lifer
Jun 30, 2003
33,469
13,112
136
In order for that to work, you'd have to assume that politicians have 100% effect over the economy, not just a company or even industry. And then you'd have the politicians that come into office, give away everything to companies and reap the benefits of the bubble created, then leave office and let the next guy clean up the mess after the bubble popped.

with the amount of regulatory power congress and its arms hold, you don't think that's the case?

just think about how much you can fit under "commerce clause" and "general welfare clause." between those two and defense, i can only imagine that every sector of the economy is affected. so yes, politicians do have 100% effect on the economy.

i mean christ, look at the mortgage bubble. congress was at fault in addition to wall street and a shitton of stupid people buying houses they couldn't afford.
 

lothar

Diamond Member
Jan 5, 2000
6,674
7
76
Blind trusts are overrated.
The idea of having my entire assets managed by a banker and for me to not know anything about them is ridiculous.

Either be 100% invested in a company like Berkshire Hathaway or create a "lazy" portfolio of Vanguard ETF's.

I would prefer to have full disclosure than "blind" trusts.
 

HomerJS

Lifer
Feb 6, 2002
39,630
33,209
136
How about blind campaign contributions. Donations are made to agency destined to a party or candidate. Neither the party or candidate knows the contributor.

People are still free to donate so the so called "political speech" thing is maintained.