But buying stock means you don’t own it (otherwise you wouldn’t need to buy it), so your property rights aren’t being violated.
> But buying stock means you don’t own it (otherwise you wouldn’t need to buy it)
That doesn't even make any sense.
By the way, society does generally let you buy whatever you want. It’s only when your ownership of an item infringes the rights of others are you generally barred from owning something. E.g. you’re not allowed to buy nuclear weapons because they pose a danger to those around you. Allowing policy makers and their families to trade stocks also poses a danger that insider knowledge will be used for personal gain in the market. This is a form of theft against the market and public at large. What about the rights of everyone else?
It's a simple, definitive answer.