Why is there zero outrage over politicians committing insider trading?
u/conservamus ·
Reddit — r/stocks
· August 21, 2026 at 06:29
· ⬆ 128 pts
· 💬 33 comments
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AI Summary
Summary
Post criticizes alleged insider trading by politicians like Nancy Pelosi and the president, contrasting it with harsh IRS penalties for ordinary citizens who miss obscure foreign gift reporting forms.
Author's thesis: there is a double standard in enforcement, with powerful insiders protected while regular people face ruinous fines for paperwork errors.
Quality assessment: Opinion/commentary and anecdotal evidence, not well-researched DD or market analysis. No financial data or investment thesis.
Score128
Comments33
Upvote %94%
▶ Full Post Text
I'm talking about a riot, actual outrage. Every day I see people scream over minor culture war nonsense, but where is the outrage over open corruption? I'm neither left nor right-wing, and I'm talking about blatant stuff like insider trading like in the case of Nancy Pelosi or the president doing something that's clearly against the law.
A physician colleague of mine moved to the US to practice medicine. His parents sent him some funds from abroad to help settle in and cover training expenses. Like most normal people, he had no idea what IRS form 3520 (foreign gift reporting) was. Because the money touched his personal account, the IRS hit him with massive automatic penalties even though foreign gifts have $0 in US tax liability. Now an essential worker is spending thousands on attorneys just to fight an innocent paperwork oversight.
Miss one obscure disclosure form on non-taxable family money, and the government tries to bankrupt you. But sit in Congress and trade millions on privileged information? Business as usual. Like are we living in a third world country or what?