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Many of us have to work for decades to gather this amount of money, if even possible. Not even taking in account that we need to spend most of it to go through
by jraph 3y ago
Many of us have to work for decades to gather this amount of money, if even possible. Not even taking in account that we need to spend most of it to go through this amount of time.
- perryizgr8 3y agoIf things keep going as well as they have been for me, I will never have earned this amount in my entire life cumulative.
- 2024user 3y agoTake inflation into account and we might achieve it some day. Although in all seriousness, what is going on in your life?
- new_user_final 3y agoAverage mid level programmer in our country will have to work 190+ years for this amount of money. [edit] Now, I think I should focus on other things. Average politicians can earn (/s) 50x more money in 5 years than what average programer earns in 190+ years.
- dr_dshiv 3y agoHow do they do that? I’ve never understood how US politicians make money
- freedomben 3y agoMostly insider trading. Real estate and stocks especially. For long sitting politicians, they usually do this through family members. Some also clean up by taking huge speaking fees for giving speeches, but only those at the top with heavy celebrity power. Can you usually pull this one off.
- bionsystem 3y agoWow, not even sure how to answer to that, but insider trading is illegal. So you either implying that they are all crooks, or that they could do that if they wanted but in the latter case that doesn't answer the question of how they make their money.
- skyechurch 3y agohttps://en.m.wikipedia.org/wiki/2020_congressional_insider_trading_scandal https://en.m.wikipedia.org/wiki/2020_congressional_insider_t...
- askonomm 3y agoI thought it was common knowledge that politicians are crooks. There's even information out there on politicians trading patterns, and how they very often seem to buy or sell certain stock right before a huge news affecting that stock comes out.
- satellite2 3y agoIf it was so easy to prove it would be enforced. You can't have it both ways.
- d1sxeyes 3y agoBuying and selling stock is one thing, how do you prove it is insider trading though?
- Gyrantula 3y ago>If it was so easy to prove it would be enforced What makes you think that?
- fennecbutt 3y agoRich and powerful people don't do time, lmao.
- yawpitch 3y ago
- swarnie 3y agoGet paid a six figure sum to give the opening ten minute speech at XYZ banks yearly conference.
- Lutzb 3y agoI never understood how speech fees could be seen as anything else than direct bribes.
- notahacker 3y agoMarket prices for famous speakers who don't have any conceivable effect on a bank's future regulation are also very high.
- d1sxeyes 3y ago“See how we look after folks who treat us well.”
- notahacker 3y agoYou're missing the explanation of how the non-political celebs also charging fees in the >$100k bracket "looked after" anyone. If celebrity speakers aren't worth anywhere near that, what are banks and multinationals and industry events bribing ex-sports coaches and actors for? And of course even the politicians get paid by a lot of entities that aren't obvious beneficiaries. Boris Johnson might be as sleazy as former PMs get, but I'm really struggling to understand any quid pro quo with the Indian newspaper or Portuguese TV channel that both paid him north of $250k for a single keynote, and I don't think he ever had much influence on insurance brokers in Colorado either
- DANmode 3y agoYou don't think there's quid pro quo in the entertainment industries?! Sheesh. Not even worth debating.
- new_user_final 3y agoIt's not US. I have mentioned, it is equivalent of 190+ years of salary. Let's say a pillow cost $2, a contractor will charge $600. 10 politicians will get $550 dollars and the contractor will keep $50.
- dr_dshiv 3y agoPersonally, I like the Singaporean model where they pay their politicians a lot of money in salaries. It seems like such an obvious way to get higher quality talent with less corruption. I vaguely recall that the US president makes 1/4 what George Washington made in salary (with inflation). Congresspersons and Senators should be paid well for their service, given the importance of their job. Of course, this is an unpopular idea.
- junofan 3y agoA flat $1MM/yr for all 2.87 million federal employees is only 2.87 tn. Could produce some interesting results.
- Snow_Falls 3y agoI'm of the opinion that politicians above a certain level (in the UK: prime minister, members of Parliament and maybe mayors) should just get a permenant annuity for the rest of their lives on the condition that they can't make money from anything else, ever. No stocks, no "speaking engagements" or do nothing bribery jobs. It would be expensive yes, but cheaper than the cost of corruption. Maybe have the value of the annuity be based of rank, MP gets 300k/y and PM gets 500k/y.
- junofan 3y agoAppreciate the British perspective. I don’t think that would work in the US; the people at the top are the rainmakers for their parties, and the party will take care of them somehow. Rather I think it’s more interesting in a knowledge economy to use the money printer to move talented people into public service who otherwise would’ve wasted their lives in the private sector positioning themselves as close as possible to the money printer (while also setting a high floor price for their services).
- charlieyu1 3y agoNourish integrity high salary. At least it worked in Hong Kong for a while.
- b4ke 3y agoTime is a concept of human design to demarcate wealth into units to be sold to the poor through the value exchange of labor. You’re welcome, I’m not saying you don’t need money to participate in the experience of being a human. But there is more power in our belief in their unit (as this particular experience exposes about one store of value…. It certainly says about another. The joker is real. ;)
- tim333 3y agoA fair bit of time passed before humans got here.