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McConnell and Feinstein episodes raise age concerns about US leaders
(www.washingtonexaminer.com)
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this post was submitted on 30 Jul 2023
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Politics
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Politicians don't get rich from their salaries. They get rich from the connections they make.
I would accept paying them more if they weren't allowed to actively trade stocks while in office
Yes, that is the status quo. If you want to change it, you need to accept higher pay so that more average Joes seek election and then vote to restrict trades by sitting politics.
Constricting pay only cements the status quo by making it so that only rich people or cheaters can make a living as a politician.
Is they pay not being high enough really the barrier to entry for most people? I would imagine the barrier is upfront cost more than eventual salary. Paying the politicians more just encourages them to stay longer.
Give them free food, housing, and health care, and a stipend for recreational spending. They are serving the people, I'm cool to foot the bill for that much. Use the rest of our money to help less rich and powerful people run for office in the first place.
Yeah, it's a barrier. Factoring in cost of living, getting elected to congress would be a significant pay drop for just about any middle class person (unless, of course, they were willing to accept the legally-grey 'benefits' that come from the position, like early info on stock market movement along with freedom from prosecution).
It's just weird to watch Americans complain that "All our politicians are old retirees and lifers, rich assholes, or thoroughly corrupt! Why is that? I don't get it! Also, why are they getting paid a halfway-decent middle class salary (before factoring in cost of living), we should be paying them minimum wage--if that!"
Like...duh, guys.
You're right that upfront costs are a problem, but that's a hard problem to solve. Also, in the age of crowdfunding, it's a less significant problem than it's ever been before.