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> Think about the US presidency: how much money should the US citizenry be willing to pay to get the best candidate into office? And yet... > §102. Compensati

> Think about the US presidency: how much money should the US citizenry be willing to pay to get the best candidate into office? And yet... > §102. Compensation of the President > The President shall receive in full for his services during the term for which he shall have been elected compensation in the aggregate amount of $400,000 a year https://uscode.house.gov/view.xhtml?req=(title:3%20section:102%20edition:prelim) https://uscode.house.gov/view.xhtml?req=(title:3%20section:1... If the mightiest person on the planet can live off a $400'000 wage, CEOs can, too.

gruez 2y ago
>If the mightiest person on the planet can live off a $400'000 wage, CEOs can, too. literally no one is arguing that CEOs need $50M (or whatever) compensation salaries to survive, just like software engineers don't need $500k total comp packages to survive. The argument is that companies need to pay those salaries to attract CEOs (and software engineers), otherwise your competitor will pay 10% more and poach them instead. The same arguably exists for the presidency, except "competition" is literally any other job that a competent leader could be doing, like being a CEO rather than a president.