@ISIDEWITHQuestionsTechnologicalStarted 8mos agoActive 13hrs ago

Should artists be held to the same reporting and disclosure requirements as hedge funds, mutual funds, and public companies when selling their artwork?

In 2024, the United States Securities and Exchange Commission (SEC) brought lawsuits against artists and art marketplaces, arguing that artwork should be classified as a security and subject to the same reporting and disclosure standards as financial institutions. Proponents argue that this would provide greater transparency and protect buyers from fraud, ensuring that the art market operates with the same accountability as financial markets. Opponents contend that such regulations are overly burdensome and would stifle creativity, making it nearly impossible for artists to sell their work without facing complex legal hurdles.

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Response rates from 6.4k Constitution Party voters.

48%
Yes
52%
No
47%
Yes
52%
No
0%
Yes, but only if the sales price is high enough to justify it as an investment

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Other Popular Answers

Unique answers from Constitution Party voters whose views went beyond the provided options.

 @9SWKQKL from Tennessee  answered…8mos8MO

This should be implemented for art exceeding a limit, like $10,000. It should not be applied to small or minor works.

 @9SZZZ2T from Minnesota  answered…8mos8MO

Yes, but only if the regulations are simple and fair without an undo reporting burden on the artist.

 @9SXRJP2 from New York  answered…8mos8MO

Yes, for large volume traders of artwork or high-earning artists where a specific earned income from the works is stated such as $1 million plus.

 @9SSCMHB from Texas  answered…8mos8MO

It's their artwork so they should be able to do whatever they want with it and sell it however they want.

 @9TP3NXB from Kentucky  answered…8mos8MO

While some level of reporting and disclosure is important to ensure fairness and prevent exploitation, it should be tailored to the specific context of the art world rather than being identical to the requirements for hedge funds, mutual funds, and public companies.

 @9SWFP8X from Florida  answered…8mos8MO

They should have some form of regulation for reporting and disclosing because artwork is used as a means of money laundering.

 @9ZP8SND from California  answered…6mos6MO

They shouldn't be held to the same reporting and disclosure but they should have some form of accountability.

 @9T8688D from Wisconsin  answered…8mos8MO

This should be implemented for art exceeding a limit but it should not be applied to minor works of art.

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 @ISIDEWITH submitted…6mos6MO

Biden's Trash Talk: President Calls Trump Supporters "Garbage" Over Racial Jokes

President Biden sparked backlash on Tuesday when he appeared to compare supporters of former President Trump to garbage after commenting on a racist joke a comedian made at a Trump rally days earlier likening Puerto Rico to an “island of garbage.”The White House in a statement argued that the president was referring to the rhetoric at Trump’s Madison Square Garden rally on Sunday as “garbage.”“The President referred to the hateful rhetoric at the Madison Square Garden rally as ‘garbage,’” deputy press secretary Andrew Bates said in a statement.It also provided a fuller transcript of the comment, which included an apostrophe with “supporter’s,” to indicate Biden was referring to comedian Tony Hinchcliffe’s “demonization of Latinos” as “garbage.”Hinchcliffe delivered a comedic set at a Madison Square Garden rally for Trump on Sunday in New York City that mocked Latinos, Jews and Black men and included a joke comparing Puerto Rico to a “floating island of garbage.”And just the other day, a speaker at his rally called Puerto Rico a ‘floating island of garbage.’ Well, let me tell you something. I don’t — I — I don’t know the Puerto Rican that — that I know — or a Puerto Rico, where I’m from, in my home state of Delaware, they’re good, decent, honorable people. “The only garbage I see floating out there is his supporter’s — his — his demonization of Latinos is unconscionable, and it’s un-American. It’s totally contrary to everything we’ve done, everything we’ve been,” Biden said, according to the transcript provided by the White House.In a post on X, Biden himself asserted he was referring to the rhetoric from Hinchcliffe.

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