I didnāt write this to get clicks. I wrote it because Iām tired. Iām tired of watching public service turn into a stepping stone for private gain. Itās not just a partisan issue. Itās everywhere. Ā
Corruption isnāt the exception. Itās the operating system. And we canāt fix that with anger alone. We need actual rules.Ā
The truth is, outrage has become a commodity. Media feeds on it. Politicians use it to stall. Writers, too often, get stuck pointing fingers instead of offering something better.Ā Somewhere along the way, solving problems stopped being the point. Keeping them alive became the strategy.Ā
Corruption isnāt new, of course. But in Donald Trumpās second term, it feels like the curtain has been ripped down entirely. Whether you support him or not, the self-enrichment is hard to ignore. Heās backed a meme coin, charged for VIP dinners, and posted market-moving comments like they were punchlines. Since returning to office, estimates say his net worth has jumped to nearly $5 billion ā up from $2.3 billion when he started. That kind of leap doesnāt happen from a government salary. It comes from turning influence into income.Ā
And yes, before you say it, the Bidens should be scrutinized, too. So should Nancy Pelosiās decades of well-timed stock trades. Trump doesnāt get a pass just because others played the game. Thatās exactly the problem. Everyoneās playing.Ā
This isnāt just a double standard. Itās a broken standard. One thatās hollowed out public trust, one ethical compromise at a time. And once that trust is gone? Itās almost impossible to get back.Ā
I donāt think we can completely eliminate corruption. But I do think we can make it harder to get away with. Thatās why Iām proposing the Elected Official Investment Fund, or EOF for short ā a neutral, practical tool to prevent public servants from profiting while in power. It doesnāt punish success. It just separates it from the job.Ā
Hereās what the fund would do:Ā
Transfer assets at entry. Every elected official, from president to governor to senator, would move their investments into the EOF upon taking office. This includes stocks, business stakes and real estate partnerships. You keep your checking account and your house. But your portfolio goes in the fund.Ā
No tax penalty for rollover. Want to move your Tesla stock into an index fund when you join? Fine. No capital gains tax. But once youāre in office, you canāt buy or sell anything specific. No exceptions.Ā
Withdrawals get taxed. Need money from the fund? Sure. But it gets taxed like ordinary income. No sneaky liquidity plays. No gaming the tax code.Ā
Full public visibility. The public sees whatās in the fund. Voters deserve to know if their representatives are getting richer on the job.Ā
No family workarounds. If you canāt buy Nvidia the day before a hearing, neither can your spouse or your kids. Influence doesnāt stop at the dinner table.Ā
No private market deals. While in office, you canāt invest in private equity, hedge funds or venture capital. These are the murkiest corners of finance, and the easiest to abuse.Ā
No gifts over a symbolic threshold. A framed jersey from a school visit? Fine. A luxury trip from a donor? No. Draw the line clearly, and donāt make it flexible.Ā
This isnāt radical. Companies already do this. Major CEOs canāt trade stock without triggering disclosure. Some canāt give gifts at all. Business caught up to the ethics of influence. Politics hasnāt.Ā
And the defenses are getting more absurd. Speaker Mike Johnson actually said Trumpās profiteering wasnāt a problem because it was āout in the open.ā As if transparency turns bad behavior into good behavior. Thatās like saying, “Sure, I robbed the store, but I smiled for the security camera.”Ā
Weāre grading corruption now based on how shameless it is. Thatās not accountability. Thatās surrender.Ā
In the corporate world, you can be fired just for creating the appearance of impropriety. You donāt have to break a rule. You just have to make people think you might. Because perception matters. Leadership is supposed to mean restraint.Ā
I care about this because Iāve run a business. Iāve seen how power warps decision-making. How proximity gets monetized. And how easy it is to justify. But more than that, I care because weāre running out of time. Ā
We need to stop asking whether someone got rich from power. We need to build a system where the answer is that they can’t. The Elected Official Investment Fund wonāt solve everything. But itās a good place to start.Ā
Thatās not idealism. Thatās baseline democracy.Ā
Corey Kvasnick is an entrepreneur, investor, philanthropist, and a contributor to Common Ground Thinking.Ā Ā
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