3 ms·
Members of Congress make $174,000 a year. That might be their official salary (I'm assuming?) but unless senior politicians in the US are different to almost e
by Silhouette 7y ago
Members of Congress make $174,000 a year.
That might be their official salary (I'm assuming?) but unless senior politicians in the US are different to almost everywhere else, that will likely only represent a proportion of their total income as a result of their political career. Between the perks that come with the job while it's happening and the consultancies and board positions and speaking engagements that come afterwards or even during, a politician who reaches that kind of level is probably going to make far more money from it than just their salary.
- nullc 7y agoPeople who are at the top of whatever they do also have many other forms of income-- consultancies, speaking engagement, board positions, but also often get paid better. ...and except for media celebs are usually not in the public limelight. Being in the public limelight frequently stinks.
- Silhouette 7y agoThat depends very much on what they do and what "at the top" means. There are few professions where those in the upper levels can command the kind of auxiliary income that a high profile former politician can. Even in fields like tech, it's not usually the case except for in the US.
- fragmede 7y agoVery explictly: everyone should try and become a member of congress - they are exempt from SEC insider trading laws. Your friend at a FAANG who has the quarterly results early? Take their info and short TSLA and face no repercussions from the SEC!