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I like the Singaporean model of benchmarking high-ranking government salaries to a percent of the pay of top earners in the country (https://www.dollarsandsense
by lekanwang 3y ago
I like the Singaporean model of benchmarking high-ranking government salaries to a percent of the pay of top earners in the country (https://www.dollarsandsense.sg/heres-much-singapores-president-cabinet-ministers-paid-salary/ https://www.dollarsandsense.sg/heres-much-singapores-preside..., https://www.psd.gov.sg/docs/default-source/default-document-library/white-paper---salaries-for-a-capable-and-committed-govt.pdf https://www.psd.gov.sg/docs/default-source/default-document-...), and pairing that with very active anticorruption enforcement.
MPs get paid over $1M USD under this model, but it incentives are much more aligned under this model.
- kelipso 3y agoWe're talking money in the range of $100 million and upwards that these politicians make within a few years in office. The anti corruption has to be the primary focus because the incentive to make money even with $1M salary is huge.