this post was submitted on 30 Jul 2025
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318
GOP Sen. Josh Hawley and Democrats vote to advance congressional stock trading ban (www.cbsnews.com)
submitted 2 days ago by return2ozma@lemmy.world to c/news@lemmy.world
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[–] return2ozma@lemmy.world 54 points 2 days ago (4 children)

This piece of shit LMAO

Republican Sen. Rick Scott, who was not born wealthy but is now worth hundreds of millions of dollars, according to his public filings, said he agrees lawmakers shouldn't be trading stocks. But he defended the ability for members of Congress to be rich, and called attacks on the wealthy "disgusting."

"He made a reference to billionaires, okay?" Scott said of Hawley. "I don't know when in this country it became a negative to make money. But somehow, if you've made money, you're supposedly — I think Senator Hawley suggests — you shouldn't be serving, because you might trade stocks."

"Anybody want to be poor? I don't." Scott continued. "Right? So this idea that we're going to attack people because they make money is wrong. Is absolutely wrong. We should cherish all of our different backgrounds. ... So, I think it's disgusting what is going on here."

[–] Agrajag@scribe.disroot.org 47 points 2 days ago (1 children)

Rick Scott champion of the people

https://newrepublic.com/post/168843/rick-scott-oversaw-one-largest-medicaid-frauds-history-wants-to-be-senate-gop-leader

The former hospital company CEO oversaw what was the biggest case of Medicare fraud at the time. Under his leadership, Columbia/HCA gave kickbacks to doctors to refer patients and then made patients’ conditions appear worse than they were so Medicare would pay more.

When Scott was forced out of the company as it was under investigation, he left with $300 million in stock, a $5.1 million severance, and a $950,000-per-year consulting contract for five years. The hospital, meanwhile, was fined $1.7 billion, the largest health care fraud settlement in history until that point.

[–] very_well_lost@lemmy.world 31 points 2 days ago (4 children)

WTF, this dude should be in jail, not Congress...

[–] darkdemize@sh.itjust.works 15 points 2 days ago

Don't forget this is the same guy who, as Governor of Florida, instituted drug testing requirements for welfare recipients. The administrative burden of conducting the drug tests cost taxpayers more money than it saved from excluding those who tested positive.

[–] floofloof@lemmy.ca 14 points 2 days ago* (last edited 2 days ago)

"We should cherish all of our different backgrounds," including his background of getting unimaginably rich through crime, while pinning it on others so they take the fall.

[–] henfredemars 4 points 2 days ago

That’s how you get to Congress. Unethical, evil, and without morals.

[–] GuyFawkes@midwest.social 2 points 2 days ago

Any more they’re one and the same if they have an (R) next to their name.

[–] logicbomb@lemmy.world 12 points 2 days ago

I think Senator Hawley suggests — you shouldn’t be serving, because you might trade stocks.

I added emphasis to show how Scott even managed to rebut his own argument with a single word. He's admitting he's supposed to be "serving". That's because he's supposed to be a servant. He's supposed to be a public servant. Even if it's possible to get rich, obviously, a public servant's first priority is to the public, right?

He's like a fucking butler trying to defend why it's okay that he took the silver serving trays.

Either you're "serving" or you're not. Rick Scott is obviously not serving. He's eating from the buffet while everybody else is starving.

[–] Rhaedas@fedia.io 5 points 2 days ago

The point is where the money comes from, but he knows that. He just feels called out. Victim millionaires.

[–] GuyFawkes@midwest.social 30 points 2 days ago

Hawley is still a piece of shit; he’s just up for reelection and it’s trying to run from his vote on the Big FuckedUp Bill. Don’t let him dodge accountability- vote that TRASH out!

[–] pulsewidth@lemmy.world 18 points 2 days ago

I'm pretty sure the only reason any conservative or centrist politicians are voting to pass this (and I include Nancy Pelosi in that list) is because they know Trump will veto it 100%.

So they get to look good and can point to this (failed) legislation anytime anyone complains about their stock trading in the future - "I tried to stop it!" and it comes at a time when Trump's popularity is already circling the drain, so Republicans don't think him taking a small hit matters.

[–] corsicanguppy@lemmy.ca 7 points 2 days ago (2 children)

This will not stop stock trading. It will stop stock trading in the open.

[–] Imgonnatrythis@sh.itjust.works 7 points 2 days ago

I think it's a start. This is a form of permissible corruption currently. At least make it's clear that it's corrupt.

[–] cheese_greater@lemmy.world 3 points 2 days ago

Why on Earth would you argue for that to remain legal tho? At least make them open themself to criminal sanction, how would that be any loss. Make it less of a sure thing and more like the massive risk it should be, in line with anyone outiside that inner sphere who tries to pull such shit

[–] ikidd@lemmy.world 4 points 2 days ago

They'll just start a private fund like Berkshire Hathaway and send emails to the fund manager who used to be their broker.