2 ms·
Two issues going on here in this subthread: 1) Paying people more won't help corruption 2) You get what you pay for So, both can be right and wrong at the sa
by Balgair 1y ago
Two issues going on here in this subthread:
1) Paying people more won't help corruption
2) You get what you pay for
So, both can be right and wrong at the same time.
I think that we need to pay them a lot more. Running and serving in congress is a hell of dumb idea for anyone that we'd want in the position. Your life gets pulled apart by the press, you spend absurd amounts of money just to get there, and you essentially have to quit your career and buy a house/condo in DC for an indeterminate timeline, you get yelled at. Smart people would not do this job; it really is a service for the people they represent. [0]
This really only allow the corrupt and the already wealthy to do the job. Issues there are obvious.
Look, the labor theory of value is wrong. Something is not worth what went into it (capital, labor, R&D, etc). Something is worth what you pay for it. This is why you don't see a lot of marxists about these days, because prices are determined by the market, not the production.
Same thing goes for CEOs and politicians. They are not worth what they produce (mostly headaches). They are worth what it takes to get them there. If you want a good one to run and try for election, then you have to make it worth their time relative to their other options. You want a good one? You have to pay exponentially.
Pro sports understands this. Sure, you can get a lot of people playing NFL any Sunday for like $10; they'll do it just for the crowds and the dream. Nearly all of them will suck. But if you incentivize correctly ($$$), then you get a much better game and viewing experience than a Sunday afternoon beer league. Better politicians means better incentive structures.
[0] campaign finance reform is also desperately needed, but that's another related subject.