4 ms·
I've always felt that we should 5x-10x the salaries (Singapore style) of federal elected officials and cabinet secretaries but require them to divest their enti
by maxcan 3y ago
I've always felt that we should 5x-10x the salaries (Singapore style) of federal elected officials and cabinet secretaries but require them to divest their entire portfolio within 30 days of taking office and only hold securities issued by the US government, states, and localities.
- peteradio 3y agoSounds nice on first order. Are there any unintended consequences? Personally I don't think you can kill corruption you can only balance it against itself.
- maxcan 3y agoIm sure there are but not really aware of what they are. The one that I can think of is putting some downward pressure on asset prices when the market knows that a lot of wealthy people have to sell off assets somewhat quickly.
- spacemanspiff01 3y agoWhat I've always kinda thought is that each congress person gets a large amount of budget to spend on staff. ~order of 10 million per congressman. This would allow for the establishment of in house knowledge groups/ staffers, particularly with regards to policy, rather than having to rely on lobbiests. It would also reduce the churn from congressional staffer to industry lobbyist. Or at least that's my thought. The us gov spends a ridiculous amount of money, spending more in the organization meant to monitor and control that spend. If you even have a half a percentage gain in efficiency would pay for itself. This is forgetting the ability of congresspeople to be more responsive to constituents.