alt Hacker NewsGreat intention, but too simplistic. The lawmaker has a third party set up a trust for the benefit of his children and the trust owns a company in yet another jurisdiction that just happens to not only take a position in a certain stock, but probably provides "consulting services" for a healthy fee. And that is the simple version. By the time the lawmaker's interest is fully obfuscated, the legal structure is fully compliant with every letter of the law, just not the intention. Better to have fewer laws that are actually enforceable.
That's like saying "why bother banning insider trading? People can just obfuscate their illegal trades".
Yeah, sometimes people can break laws and not get caught. But that's no argument against laws. Some congressmen might be able to hide their investments, but sometimes they'd get caught and plenty of them would not take the risk.