3 ms·
> Well paid politicians do everything to get reelected rather than doing everything to increase general welfare. Yes. Parent comment is literally completely ba
by throw10920 3y ago
> Well paid politicians do everything to get reelected rather than doing everything to increase general welfare.
Yes. Parent comment is literally completely backwards - we've seen from Wall Street that paying people extremely well leads to corruption.
High pay has the opposite effect. Things that work include oversight, transparency, audit logs, removal of human processes, active anti-corruption investigation, and the like.
- cyanydeez 3y agoWhat you're observing is the climbing the latter effect of absent regulation. Social economics has already identified that people only care about relativistic wealth so a business industry surrounded by greed will of course, produce more greed. Slap some actual consequences and you'll see better results.