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A Bloomberg analysis before that election showed that among directors who had previously served in Congress there were 31 Democrats and 33 Republicans, with the average pay more than $330,000.
Ryan will no longer be making his speaker’s salary of $223,500 (wookie here - GASP!), but he will be eligible for a pension in a few years, and has an estimated net worth of slightly more than $6 million (wookie here - LOL $6M at 48 being a politician), according to a Center for Responsive Politics analysis of his 2016 financial filings. AshLee (wookie here - WTF is with the L) Strong, a Ryan spokeswoman, didn’t respond to an email seeking comment on her boss’ potential future employment.
These guys (and gals) get to set their own salary.
Since we are a Federal Republic, the members of Congress should be paid by the States that send them.. State legislators should decide on the pay/benefits of those sent to Washington, and pay out of State budget. That would remind them of who they work for.
Why wouldn't a national politician that has been in a key position of power for a long time not be multi-millionaire?
There are cops and firefighters that are millionaires.
There are homeowners that have achieved nothing in their lives that are millionaires.
There are actors and athletes that are multi-millionaires.
Some investors that haven't done squat outside buying and selling paper are billionaires.
Why wouldn't a national politician that has been in a key position of power for a long time not be multi-millionaire?
There are cops and firefighters that are millionaires.
There are homeowners that have achieved nothing in their lives that are millionaires.
There are actors and athletes that are multi-millionaires.
Some investors that haven't done squat outside buying and selling paper are billionaires.
Why wouldn't a national politician that has been in a key position of power for a long time not be multi-millionaire?
Anyone who can invest their salary wisely should reap the benefits. But if you are a politician who got rich with no such activity then your wealth came through laundered bribes.
If you're on some defense committee and are making decisions about an upcoming weapons contract, you can trade the news before it's even news and make shit load of money and it's 100% legal.
WookieMan saysIf you're on some defense committee and are making decisions about an upcoming weapons contract, you can trade the news before it's even news and make shit load of money and it's 100% legal.
This is how most politicians got to be Millionaires. For a long time, insider trading was all the rage. There was a reason a congressman making $150K a year was a millionaire after his first term. It wasn't from his salary.
That's the reason they make 6 figures + all expense paid + cushy retirement.
They don't need more avenues to wealth, they need more control, like no IPOs and all elected officials must place their wealth under professional management at arm's length.
TwoScoopsPlissken says
That's the reason they make 6 figures + all expense paid + cushy retirement.
They don't need more avenues to wealth, they need more control, like no IPOs and all elected officials must place their wealth under professional management at arm's length.
I agree with that. I just object to some people here wanting politicians to get low salaries just because this is "taxpayers money".
They see no problem when the CEO of their companies gets a $50 millions package for a few years of work - eating up their own bonuses, as well as shareholders returns - in a wink wink agreement with the board. But should they scream because a guy like Ryan ends up a "multi-millionaire" for an entire career.
It's more like people don't like it when politicians are paid $200K and walk away with millions a few years later. That math doesn't work out, unless they've been skimming the cheating the system and the people they're working for. That is what irks people.
The same people see no problem when the CEO of their companies gets a $50 millions package for a few years of work - eating up their own bonuses, as well as shareholders returns - in a wink wink agreement with the board. But they scream because a guy like Ryan ends up a "multi-millionaire" after an entire career.
All part of the cliche that gov sucks - always - but corporations rule.
How many Republicans are not millionaires? Just the Losers!
I'm betting he isn't retiring, and that he simply doesn't want to be associated with the current round of trump politics. He wants to get out, and then come back as a presidential candidate that left because his party was going the wrong direction and he's there to fix it... Which everyone will eat up, and forget what he's done in the past and how he didn't actually do anything while in one of the most powerful positions.
I don't think this will work out since Trumps presidency so far has been relatively successful and his approval rating is rising. The dissatisfaction was more with mainstream Republicans and Democrats.
mell saysI don't think this will work out since Trumps presidency so far has been relatively successful and his approval rating is rising. The dissatisfaction was more with mainstream Republicans and Democrats.
Very few people who have tasted power just give it up and leave.
He surely has a plan to come back. Probably betting dems will win mid terms and Trump will be impeached and thrown in a mental hospital.
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