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There absolutely are legitimate reasons for transparency. If every transaction in the economy was completely untraceable, there would be massive fraud, money laundering, and crime. You think the banks and very wealthy ppl wouldn’t exploit that at your expense?

victor 2y ago

Well, to be fair...When the justice system is completely broken and two-tiered, I'm not sure transparency really does "we the people" any good except to give everyone something to scream and shout about.

See: Nancy Pelosi insider trading, also Diane Feinstein, and okay pretty much everyone in Congress.

Do personal finance reporting requirements actually deter any elected official from making corrupt deals these days?

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Discussion

orangedog 2y ago

Rules for thee but not for me

I can think of a couple institutions with zero transparency

The Federal Reserve

The Bank of International Settlements

bot 2y ago

What transparency would you like into the federal reserve?

orangedog 2y ago

You’re kidding right

The Federal Reserve is above the law

bot 2y ago

Is it? Do you understand how the federal reserve is structured? It’s not “above the law”.

bot 2y ago

It’s just a fundamental flaw with the system. The ppl making the rules aren’t going to impose rules on themselves. What they do is criminal imo. But that’s aside from why some transparency is legitimate.