Plenty of good policies might reduce the value of the market. Now, the assumption here is that the S&P500 going up us good, and as a result Congress is fine if it has to keep it high. So let's assume that what you really mean is super broad (IE SPY) ETFs. It would be fucked up if, for instance, Congress bought up a travel ETF then lifted Covid restrictions. Many of them are industry or country specific. So first of all index funds are a big category. Let me explain why and what the alternative looks like. Yes, they should be banned from holding Indexed funds as well. I'm a quant at one of the big American banks - I work mostly on FX but still think this is a little in my lane. These are the tags associated with this on Twitter: #EarnItAct #StopTheEARNITAct2022 #STOPTHEEARNITACT #StopTheEARNITAAct2022Īlso turns out the guy who pushes this bill admits that this is about undermining encryption: Which means that sexual predators are more likely to run free. And by forcing websites to become state actors and collect CSAM (Child Sexual Abuse Material), they basically make that evidence completely inadmissible in court due to violating the fourth amendment (unreasonable/unlawful search and seizure). By letting third parties spy on kids' most private thoughts and photos, they are basically making it much easier for child abuse to occur, making it much easier for predators online to find and target these kids. And given the kind of people pushing this, who's to say they won't find loopholes or excuses to expand that definition to include other things that we take for granted? Like NSFW content, or just simply having views that contradict what they consider to be 'correct'?Īnd (ironically), not only making the internet LESS safe for kids, but also making the internet and government less able to deal with child and sexual predators. They can choose to silence you just because you saying anything LGBT related, being LGBT might be 'unsafe for kids'. If you're part of any LGBT groups, whether it be a fandom, a support group, or even just posting anything related to LGBT or racial content, THEY CAN CENSOR IT against your will. The commission that would be set up by this bill is called NCOSEP, which suggests they’d have a strong influence on whoever is chosen to sit on said committee. There’s a high chance that LGBT and race-related content will be targeted and censored, since the bill is being pushed by a known fundamentalist Hate Group called NCOSE (formerly known as Morality in Media). Without encryption, they’re horrifically vulnerable to being found and targeted. It could pose a serious danger to Ukrainian Refugees and other such groups from oppressed nations, given that encryption is necessary for those using social media and the internet in general to help them flee from oppressive regimes.

This bill is attempting to put back doors in sites under the pretense of protecting children, but it would also leave these sites more vulnerable. depend on encryption in order to remain secure. My concern is that the way the bill handles encryption, it will end up making our sites vulnerable to cyber attacks, since our online data and sites, including those of the stock market, online banking, cryptocurrency etc. It’s a bill that has heavy mass surveillance and censorship intentions by intending to attack encryption, but is disguised under the pretense of protecting children that is being pushed through the Senate under everyone’s noses. Follow us on Twitter or Like us on Facebook!įacebook Twitter Instagram Calendar Please check out our Rules and FAQsĪre you aware of the dangerously insidious EARN IT Act?.Email us at Step-by-step guide to doing an AMA.

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Im just a bill jon stewart