@ISIDEWITHQuestionsTechnologicalStarted 8mos agoActive 2wks 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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Answer Overview

Response rates from 236 Social Democracy voters.

47%
Yes
53%
No
44%
Yes
53%
No
2%
Yes, but only if the sales price is high enough to justify it as an investment

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Trend of support over time for each answer from 236 Social Democracy voters.

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Trend of how important this issue is for 236 Social Democracy voters.

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Other Popular Answers

Unique answers from Social Democracy voters whose views went beyond the provided options.

 @9SSRG9Hfrom Manitoba  answered…8mos8MO

Artists should be held to the same standards as anyone who is sort employed. The selling of their art is a business.

 @9ZRQ8ZPfrom Nova Scotia  answered…5mos5MO

Yes, but only if the art surpasses a particular value threshold.

 @9ZTRL63from British Columbia  answered…5mos5MO

Yes, but only for artists who are making a certain a substantial income off their work

 @B4H5T5Zfrom Alberta  answered…2wks2W

There should be categories for smaller groups and larger groups depending on how much the income is.

 @B4BM96Jfrom Quebec  answered…3wks3W

depending on the value of the artwork in question. High value transactions should be treated as such, but most artists don't get high value commissions

 @B2SZMQDfrom Ontario  answered…3mos3MO

Yes, artists should be held to the same standards as everything else, while also making sure the process is very simple and non-tedious.

 @B2P2T62from Alberta  answered…3mos3MO

It should always be considered income and treated as such. Like retail institutions selling a product, an artist is selling their product. However, rules should still apply for authenticity of large works

 @B2J3VBFfrom Ontario  answered…3mos3MO

I think that extent of reporting is somewhat extreme, but art should be reported as it can easily be manipulated to provide unfair benefits to certain people or be involved in "funny business".

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 @ISIDEWITH submitted…5mos5MO

Texas Offers Trump 1,400 Acres for His Mass Deportation Dream

Officials in Texas have offered President-elect Trump a 1,400-acre ranch for his mass deportation plan.Dawn Buckingham, land commissioner of the Texas General Land Office, said in a letter to Trump Tuesday that her office was “fully prepared” to work with federal agencies that are going to be involved in Trump’s immigration plan, and specifically deportation.Buckingham offered Trump a 1,402-acre lot in Starr County. The lot is owned by the Texas General Land Office and is roughly 35 miles west of McAllen, Texas.She said the agency is ready to work with the Department of Homeland Security and Immigration and Customs Enforcement (ICE) or the U.S. Border Patrol to build a facility on the land for “the processing, detention, and coordination of the largest deportation of violent criminals in the nation’s history.”“I am committed to using every available means at my disposal to gain complete operational security of our border,” Buckingham wrote.The letter and offering of land were first reported by The Texas Tribune. Last month, the state bought the land along the U.S.-Mexico border and has plans to build a wall.In the letter, Buckingham criticized her predecessor for not allowing a border wall to be built on the property. Those actions “enabled cartel members and violent criminals to sexually abuse migrant women and children on this land,” she said.On Monday, Trump signaled he would declare an immigration national emergency and use military assets to support his mass deportation plan when he returns to office.

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 @ISIDEWITH submitted…3mos3MO

Supreme Court Clears The Way For Trump Sentencing

Donald Trump will face sentencing over his New York “hush money” conviction on Friday, after the US Supreme Court declined to grant him a last-minute reprieve.The decision will force the president-elect to face public proceedings in the criminal case that he has fought strenuously to avoid. His lawyers had appealed to the high court on Wednesday to postpone the proceeding, claiming that allowing it to go ahead days before his inauguration would create a “constitutionally intolerable risk of disruption to national security” and interfere with his efforts to get his 34 felony convictions overturned.In a 5-4 decision handed down just hours before the sentencing was set to go ahead in a state court in lower Manhattan, a majority of the justices declined to do so, saying “the burden that sentencing will impose on the president-elect’s responsibilities is relatively insubstantial” especially as Trump was unlikely to face any prison time. They added that any issues with the evidence presented at trial — some of which Trump’s lawyers have claimed was inadmissible — “can be addressed in the ordinary course on appeal”.Trump-appointed Justice Amy Coney Barrett joined Chief Justice John Roberts and the three liberals on the bench in refusing to grant Trump’s appeal.Trump said in a post on Truth Social that he appreciated the Supreme Court’s time but vowed to continue fighting the case. “For the sake and sanctity of the Presidency, I will be appealing this case, and am confident that JUSTICE WILL PREVAIL,” he said.Lawyers representing Trump did not immediately respond to a request for comment.Trump’s sentencing was repeatedly postponed while he mounted his third campaign for the White House and pursued various appeals against his conviction. Last week Judge Juan Merchan, who oversaw the “hush money” trial in New York earlier this year, finally set a firm date, in order to bring what he called “finality to this matter”.Trump will probably not face any punishment when he is sentenced, however, as the judge previously indicated he would not impose a fine or condemn Trump to prison time.

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Active 2 days ago

 @ISIDEWITH submitted…6mos6MO

Trump’s Puerto Rico Problem Erupts in Pennsylvania: Latino Voters Fire Back

Donald Trump has a serious Puerto Rico problem — in Pennsylvania.Many Puerto Rican voters in the state are furious about racist and demeaning comments delivered at a Trump rally. Some say their dismay is giving Kamala Harris a new opening to win over the state’s Latino voters, particularly nearly half a million Pennsylvanians of Puerto Rican descent.Evidence of the backlash was immediate on Monday: A nonpartisan Puerto Rican group drafted a letter urging its members to oppose Trump on election day. Other Puerto Rican voters were lighting up WhatsApp chats with reactions to the vulgar display and raising it in morning conversations at their bodegas. Some are planning to protest Trump’s rally Tuesday in Allentown, a majority-Latino city with one of the largest Puerto Rican populations in the state.And the arena Trump is speaking at is located in the middle of the city’s Puerto Rican neighborhood.“It’s spreading like wildfire through the community,” said Norberto Dominguez, a precinct captain with the local Democratic party in Allentown, who noted his own family is half Republican and half Democratic voters.“It’s not the smartest thing to do, to insult people — a large group of voters here in a swing state — and then go to their home asking for votes,” Dominguez said.The timing couldn’t be worse for Trump. Almost a week before Election Day, he’s pushing to cut into Harris’ margins among Latinos, especially young men who are worried about the economy. But the comments from pro-Trump comedian Tony Hinchcliffe Sunday night, referring to Puerto Rico as a “floating island of garbage,” has reverberated throughout Pennsylvania and elsewhere, prompting even the former president’s Republican allies to defend the island and denounce the comments. And with the race essentially a toss up, every vote counts — especially in Pennsylvania.“This was just like a gift from the gods,” said Victor Martinez, an Allentown resident who owns the Spanish language radio station La Mega, noting some Puerto Rican voters in the area have been on the fence about voting at all.

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