New Florida law requires city officials to disclose net worth; some are resigning instead
Two Daytona Beach Shores city commissioners have resigned as the latest in a wave of local elected officials leaving before Jan. 1, when they face more stringent financial disclosure requirements.
Mel Lindauer, a Shores commissioner since 2016, told The News-Journal on Wednesday the new requirement − submitting what's known as Form 6 − is "totally invasive" and serves no purpose.
Commissioner Richard Bryan, who has also served since 2016, said in his Dec. 21 resignation letter that he had another priority but added the Form 6 issue "affected the timing" of his decision.
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Many state officials already file a Form 6, including the governor and Cabinet, legislators, county council members and sheriffs. The forms require disclosure of the filer's net worth and holdings valued at more than $1,000, including bank accounts, stocks, retirement accounts, salary and dividends.
Because I trust someone worth $100k or less to have my interests at heart far more than someone worth $10M. Do these people really not get that?
People are sick and tired of being ruled by the wealthy. The truth is, city government pay is often so bad, it’s only the wealthy with large passive income that will go for it.
It also shows who's accepting other money. If you're worth $10m but entered office with a lot less, the office doesn't pay enough for you to have earned all of that. You must have accepted
bribes"donations" to get there.Exactly this. Finance transparency should be a requirement for public officials. I honestly don't care if my politician has a NW of 10 million. I do care if that's tied to industries they are supposed to be regulating. I also care if they started out with nothing and became millionaires after joining politics.
That said, billionaires should be barred from ever interacting with politics. Congratulations, you won capitalism, now leave the rest of us alone.
City officials typically don't take bribes, they'll buy land after learning about a project, or select a company for a job that uses supplies from your company. One of the famous politicians in my area bought a bunch of land when a highway project was announced and made millions.