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Here here! I think we need to deeply reexamine how much we pay officials. Senators/Governors should probably get triple their current pay with severe penaltie

by realce 5y ago

Here here! I think we need to deeply reexamine how much we pay officials. Senators/Governors should probably get triple their current pay with severe penalties for any financial fraud. This was one of the better Andrew Yang points too. Reps have very little financial incentive to do the "right thing" and we could help them realign that incentive by just paying them more.

logicchains 5y ago
> Here here! I think we need to deeply reexamine how much we pay officials. Senators/Governors should probably get triple their current pay with severe penalties for any financial fraud. Singapore is an example of why this doesn't work. It pays the prime minister $5 million/year, in theory to prevent corruption. However he got around this by making his wife CEO of Temasek, Singapore's national investment company which everybody is mandated to invest in via the central provident fund. And it's all perfectly on the books and legal, because the PM creates the law, in spite of the fact that in any other context it'd be considered corruption.
- InitialLastName 5y ago
  I don't know that Singapore (effectively a single-party state whose PM has dictatorship levels of power) is the best example of how this works in a republic (or sub-republic) with separated powers.
  - yunohn 5y ago
    Every major democracy is effectively a two party system. Further, both parties are usually quite corrupt, despite claiming to be the opposite of the other.
    - InitialLastName 5y ago
      Even granted that, in a (n>1)-party system there is the capacity for electoral repercussions for individuals who demonstrate extraordinary corruption (as in the situation we are discussing here). In a single-party unitary system, there isn't even that possibility.
- pirate787 5y ago
  On the other hand, Singapore judges are well paid and their courts are considered among the most honest in the world.

by realce 5y ago

logicchains 5y ago

> Here here! I think we need to deeply reexamine how much we pay officials. Senators/Governors should probably get triple their current pay with severe penalties for any financial fraud. Singapore is an example of why this doesn't work. It pays the prime minister $5 million/year, in theory to prevent corruption. However he got around this by making his wife CEO of Temasek, Singapore's national investment company which everybody is mandated to invest in via the central provident fund. And it's all perfectly on the books and legal, because the PM creates the law, in spite of the fact that in any other context it'd be considered corruption.

InitialLastName 5y ago
I don't know that Singapore (effectively a single-party state whose PM has dictatorship levels of power) is the best example of how this works in a republic (or sub-republic) with separated powers.
- yunohn 5y ago
  Every major democracy is effectively a two party system. Further, both parties are usually quite corrupt, despite claiming to be the opposite of the other.
  - InitialLastName 5y ago
    Even granted that, in a (n>1)-party system there is the capacity for electoral repercussions for individuals who demonstrate extraordinary corruption (as in the situation we are discussing here). In a single-party unitary system, there isn't even that possibility.
pirate787 5y ago
On the other hand, Singapore judges are well paid and their courts are considered among the most honest in the world.