reply to post by Aazadan
Not a bad idea on the surface but how much do you suggest?
I disagree we should pay them more. Greed knows no bounds. If we paid them a $1,000,000/year, it would not stop them looking for more elsewhere. It
would not stop money influencing the system. Instead of $172,000/year plus ill-gotten gains, now they have $1,000,000/year plus ill gotten gains.
No way, not on my dime.
I would suggest millions per year, with some strings attached. I wrote a thread on it a few weeks ago
but it wasn't very popular. My initial recommendation (though any final numbers
could obviously be tweaked) would be 8 million per year tax free, and with living expenses paid. Essentially that would just become pocket money.
The goal would be to encourage congressmen to use their insider trading connections to significantly grow their earnings. Rather than earning 8
million per year, after investments they could be walking away with 10 million or so.
At this point you probably think I'm absolutely insane, and you're right but sometimes insane ideas are needed. The trick though would be that we
institute wealth caps on members of congress. If the personal wealth of a congressperson and their immediate family surpassed a certain threshold
they got nothing. This threshold could be set to X years in congress. For example if we wanted them gone after 12 years (2 senate terms) we would
set their wealth cap to 120 million dollars. Anything they earned that put individual wealth above this amount would simply be taken away.
Furthermore, this cap would apply to them for the next say... 20 years after they're out of congress meaning if they wanted to take a high ranking
lobbying job after their term is up, they would be working for free. There would of course need to be extremely strict punishments in place for going
above the wealth cap, including but not limited to someone losing ALL of their assets if they go above it.
The reason I favor a system like this, is that congress is in charge of writing the laws that restrict congress. As a result, they will never vote
for legislation that negatively impacts them. It's simply against human nature. So in order to get rid of the lobbying influence we can just give
them a very good deal. If you're interested in how much this would cost you on your taxes it would come to $10.35 annually (if spread among the
population evenly). An amount you would easily get back through improved legislation. Contrary, in order for corporations to buy a politician off to
the same degree that they can now, they would need to spend for example 46 million per senator every 6 years opposed to 300,000 per senator every 12
years. They would simply be priced out of the game. To me that is worth an extra $10 in taxes per year.
What, you think that if we pay them more they'll stop taking bribes, gifts, or whatever you want to call their K-Street paychecks? That's pretty
Like I said above, I'm in favor of wealth caps. Give them a very high wealth cap and then pay them so that after 10-12 years of service they hit that
cap (and would then be working for free). It literally stops bribes and gifts unless they're 1 termers, in which case bribes are prohibitively
expensive (and of reduced effectiveness when they can't bribe 51% for a majority vote). The wealth cap combined with their personal income make them
totally pointless. Because congressmen would serve shorter terms it also makes lobbying and buying people off considerably more expensive.
You could pay these people 500K a year and they will still take bribes. Remember insider trading which is illegal for the people is legal for members
As the old saying goes you don't go to DC to make laws you go to DC to make money.
edit on 19-9-2013 by buster2010 because: (no reason given)
Of course, that's because 500k a year is nothing compared to what they make through insider trading and bribes. If you want to price the corporations
out of lobbying, you have to think bigger.
edit on 19-9-2013 by Aazadan because: (no reason given)
edit on 19-9-2013 by Aazadan
because: (no reason given)