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Public servants often do not make enough money in public service to make these kinds of ethically gray payments easy to turn down. I don't know about Yellen's
by smeeth 6y ago
Public servants often do not make enough money in public service to make these kinds of ethically gray payments easy to turn down.
I don't know about Yellen's personal finances, but the chairman/woman of the Fed makes $203k/yr. I bet 50%+ of the people reading my comment make more money than that, and unless my comment is graced by a well-known CEO I sincerely doubt any of you have as important a job.
Maybe if we want to hold our public servants (generals, commissioners, congressmen, secretaries of x, etc) to higher ethical standards we should compensate them well enough that a speaking fee like this is "more money" rather than "help pay off my mortgage".
- stainforth 6y agoThe richer a public minister is, the more disconnected they are from the people they govern, plain and simple.
- Aunche 6y agoI agree with the premise, but there's no way to please populists. If public servants got paid 7-figures, there would be even more outrage.
- astura 6y ago> the chairman/woman of the Fed makes $203k/yr. I bet 50%+ of the people reading my comment make more money than that Unlikely, according to the BLS the 2019 Median Pay for software engineers in the US is $107,510 per year https://www.bls.gov/ooh/computer-and-information-technology/mobile/software-developers.htm https://www.bls.gov/ooh/computer-and-information-technology/...