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We are compensating high office holders all wrong. We are paying them pennies on what they could make in the private sector for a similar position of power, an
by fallingknife 6y ago
We are compensating high office holders all wrong. We are paying them pennies on what they could make in the private sector for a similar position of power, and leaving them to make up the difference by extracting money from favors and prestige. It virtually guarantees corruption.
They should be paid an enormous salary plus an excellent pension for life, with the caveat that they are not allowed to accept income from any other source for the rest of their life. This would not be a lot of money. If we paid everyone in the house, senate, and cabinet $10M / y, that would cost < $5B per year, which is nothing to the government. You could make the pensions like $2M / year, and the total cost would probably come in at < $10B.
- lovecg 6y agoI agree except for the prohibition on other sources of income. I do want some of these people to write memoirs for example. The exact amount is something that needs careful consideration as well, more is not always better. At $10M a year you’ll end up with a “rest-and-vest” congress full of checked out do-nothings (granted some people prefer that).