|
That thinking led to the corruption. Any normal senator, governor, or president has the skills to work at a high level in corporate America. That pays better, counting only the legitimate pay. It should be no surprise that voters are seldom able to hire (elect) anybody non-corrupt. We aren't paying market rate for the desired skills or for the level of responsibility. Senators get about $200,000 and the president gets about $400,000. At an S&P 500 company, CEO pay is about $15,000,000 on average. Elon Musk gets around $595,000,000. Tim Cook gets around $133,000,000. Sundar Pichai gets around $280,000,000. Satya Nadella gets around $77,000,000. None of those CEOs have responsibility for tariffs, military operations, hundreds of millions of people, thousands of nuclear weapons, or over 10 million employees. You get what you pay for. Proper pay: The senate splits 0.1% of GDP, the house splits 0.1% of GDP, the supreme court splits 0.1% of GDP, and the president gets 0.1% of GDP. Lump the VP in with the senate, probably. That totals 0.4% of GDP for the whole group. |
That's a heck of a lot of money for the vast majority of people.
If that's the real issue, then we're attracting the wrong kind of people to those jobs. Let them stay at the hedge fund instead, do hopefully more limited damage there.
> You get what you pay for.
No, not always. And it's precisely this narrow vision, this absolutization of money that's one of the major causes of the woeful state of the world nowadays.
People in government ought to be focused on doing what's good for the nation, first and foremost. If they go "well, $200k isn't enough for me to do this job", kick them out. That's precisely the wrong kind of person for the job.
I think actually the oodles of money being pumped into politics these days are responsible for drawing some awful characters to it. Remove that motivation, and perhaps you'll have people with very different goals running the show.
You get what you, collectively, value and believe in. America believes in money above all. Well, yeah, then the piles of cash end up ruling supreme. Good luck fixing that mess.