Re:House Democrats to propose ban on lawmaker stock trading ...
by Alupis on Thursday July 28, 2022 @02:32PM
(#32268408)
What kind of lifestyle are you imagining couldn't survive on a single-income of $174,000[1] per year. This, of course, doesn't account for spousal income (if any).
When you're a senator, you also receive a lot of "perks" that reduce your overall expenses. Most travel comes out of an office fund, hotels, rental cars... many meals can also be expensed to the same fund, etc. Clothing even in some cases.
[1] https://en.wikipedia.org/wiki/Salaries_of_members_of_the_Uni...
Re:House Democrats to propose ban on lawmaker stock trading ...
by rgbrgb on Thursday July 28, 2022 @02:27PM
(#32268356)
I'm betting your first book deal (could be ghostwritten) would more than make up for the discrepancy. You might also invest in a hotel down the street and suggest foreign dignitaries stay there. Or employ your kids who can do the same! So many good ways to more than make up the salary drop.
Re:House Democrats to propose ban on lawmaker stock trading ...
by pjbeam on Friday July 29, 2022 @07:15AM
(#32275503)
This is my point--bad pay leads to icky places.
Re:House Democrats to propose ban on lawmaker stock trading ...
by Sporktacular on Thursday July 28, 2022 @07:14PM
(#32271192)
Good, because you sound like you couldn't be a representative for anyone.
Also, presidents don't pay for state dinners out of their salaries. The - state - pays for it.
President's pay comes with housing so my family could probably make that work, would be belt tightening--especially because I'd be on the hook for the food in state dinners and such.
Not that I think anyone wants me to be a senator or the president but rather I couldn't afford to be. I'm too wealthy for it to be an upgrade and too poor to take the pay cuts in stride.