| ▲ | somenameforme 7 hours ago | ||||||||||||||||||||||
An even more interesting one is that Ford was the first president to go on paid speaking tours after office. It's not like the 37 other presidents couldn't have also cashed in on the office in a similar fashion, but it was felt that such a thing would impugn the integrity of the office and also undermine the perception of somebody working as a genuine servant of the state. There has most certainly been a major decline in values over time that corresponds quite strongly with the rise in the perceived importance of wealth. | |||||||||||||||||||||||
| ▲ | lumost 7 hours ago | parent [-] | ||||||||||||||||||||||
Curious if part of this was the overall decline in government compensation relative to the private sector. The president makes roughly what the typical SV engineer makes after 5 years in big tech or as a fresh grad from a top PhD program. Meanwhile the people the president deals with have become unfathomably wealthy. In 1909, the US president made 75k - roughly 2.76 Million in today's dollars. This is in comparison to the current 400k dollar salary of the president. As the president is the highest paid government employee by law/custom - this applies downward pressure on the rest of the governments payroll. I see no reason why the president shouldn't be modestly wealthy given the requirements or the role and the skill required to do it well. Cutting the payscale to less than some new grads seems like a recipe for corruption. | |||||||||||||||||||||||
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