[celdon25]

I’ll do you one even better. We have a two-chamber legislature, and here is a prime example of what that actually means.

https://www.congress.gov/bill/114th-congress/house-bill/2187

Would have allowed for professionals in a given field to be accredited to make investments related to their profession. Or to put it another way, you would no longer need to already be rich to use the tools that the rich use to get richer.

The bill was passed unanimously in the house, and then quietly killed in the senate.

5 years later, we got a neutered version. Now you can make investments if you get a series 7 license, etc. But from what I understand you can’t just take the test and get the license, you need to be sponsored by an institution, but that misses the point of the original bill that represented the actual will of the people.

[jobgh]

Do you have data to substantiate a strong majority of support for this bill among voters, and adjusted for voting power? I'd assume a lot of voters would be indifferent to this issue. It seems quite complicated. It seems it's a tradeoff between freedom and saving uniformed people from losing their money.

I'll have to look into it more though.

[jobgh]

*uninformed