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Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by mike_d on Wednesday April 14, 2021 @09:11PM (#26815101)
Obama was that forward thinking, charismatic, enlightened leader that people wanted to work for. The White House Digital Service was by any metric a resounding success. But the pay did suck.

The problem with the government paying "Google salaries" is who gets them? Is an IRS auditor really worthy of half a million a year in comp? What about the DEA agent deep under cover and risking his life, much more deserving... right?

So you create a new branch of the government where keyboard warriors bang out solutions to government problems. Why is one of these hot-shots making what an entire department of inspectors is paid at the USDA? The resentment from other agencies will be a hard barrier to overcome. They also have no incentive to help your new Rockstar Agency to get access to all the data they need so they can put government employees out of work.

Not to mention, is it really beneficial to the tax payer to try and compete with tech companies? If FAANG companies start to suffer a talent drain, they will just re-up and double whatever the government offers.

Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by paulgb on Wednesday April 14, 2021 @09:15PM (#26815122)
This makes me wonder, was pay competitive for rocket scientists during the space race, or was the mission so compelling that nobody cared if they were making less than they might have at a defense contractor?
Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by mike_d on Wednesday April 14, 2021 @09:23PM (#26815175)
A friend of mine is an electrician, an in-demand skilled job. He can make +/- 10% working for the government directly, at Lawrence Livermore, or in the private sector. Each has tradeoffs like how interesting the work is or the hours, but in the end the government isn't really less competitive.

Now imagine Facebook steps in and wants to hire all the electricians and is willing to pay $750k/yr. Obviously the entire system becomes fucked and the government (or even "normal" businesses) won't be able to find electricians.

Don't get me wrong... I like my tech salary. But inserting a player into any market or economy with effectively unlimited resources breaks it.

Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by Spooky23 on Wednesday April 14, 2021 @10:14PM (#26815483)
If Facebook could create a local monopoly or competitive advantage to pay electricians $1M/yr, they would to deny the skills to their competitors.
Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by randmeerkat on Wednesday April 14, 2021 @09:34PM (#26815230)
I found this trying to Google around for NASA scientists pay during the space race. Turns out maybe money wasn’t the biggest factor involved.

tldr; Korolev, the lead Soviet engineer during the space race died in the middle of it from colon cancer and they never recovered.

https://www.forbes.com/sites/startswithabang/2019/07/11/this...

Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by jasonjayr on Wednesday April 14, 2021 @09:24PM (#26815186)
IRS agents are easy to calculate pay.

Base living wage ($70-$90k)

+ 1-5% of each amount recovered

Incentivize pursuing the biggest evaders, and the problem may solve itself.

Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by hombre_fatal on Wednesday April 14, 2021 @09:33PM (#26815224)
As other commissioned jobs will show you, like in real estate, that’s only an incentive to close high volume easy deals, not move mountains to chase hard deals.

Your idea would likely just spur a movement to throw the book at normal working people to extract the most from easy targets, like self-employed misfiles.

Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by jasonjayr on Wednesday April 14, 2021 @10:15PM (#26815485)
Admitted, without much data to back myself up, I think I disagree. Real Estate has a tier of broker that handles the huge deals too.

Right now the IRS are spending too much time going after the low hanging fruit, which is hurting the little guys. The department has been gutted and understaffed, so they are trying to hit the easy less sophisticated targets.

A few $1 Million settlements could more than double their salary for the year. Even if the bonus was split between a team, a few whales would be a boon.

Re:$7.5B In Stolen Bitcoin from 2016 Bitfinex Hack has just ... by aoeusnth1 on Wednesday April 14, 2021 @09:43PM (#26815306)
You could address that to have the benefit only usable once per year.