Politicians love to talk about how people should be paid according to their performance. But are not willing to let that happen to them.
What I would love is to have all our federally elected officials (President, VP, Senators and Congressmen) wealth and pay be directly connected to the median household income after taxes and healthcare costs.
This would be easy to do for their salary. Just find how much you have to multiply the current median household income after taxes and healthcare to get their current salary. Then just keep using that multiple each year. That way if people get more disposable income then our elected officials get a raise. If on the other hand people have less disposable income then our elected officials salaries get docked.
We would need to do the same type of thing with their wealth. We do not want conflict of interests. So they would only be allowed to keep one home in their district, one home in Washington DC and one vacation home. They would have to divest themselves of all other investments. They would then put the money into a governmental fund. This fund would be like a mutual fund but is tied to median household income after taxes and healthcare.
When a person leaves office they would then be able to invest in whatever they wanted. Also the homes they kept would be appraised when they first came into office and when they left office. If the home went up more than the government fund did, then the amount would be subtracted from how much money the person would get out of the fund. On other hand if the values did not keep up with the fund, they would get that much more money out of the fund.
This way our elected federal officials are now interested in the fate of the average man, rather than the wealthy or the elite.
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