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Fixing politician’s fees to the consumer price index

by HADRIAN ION Nov 9, 2020 3 Comments 3 Links

#democracy, #government, #jobs, #money, #politics, #representitive,

Fixing politician’s fees to the consumer price index

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sunnyjim on November 11, 2020 at 9:38 pm
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Idea: Fixing politician’s fees to the consumer price index
Link: https://www.investopedia.com/articles/07/c...
Sounds reasonable on first view but the CPI isn’t a good measure of how well things are going – plus, what if the previous administration messed up and things skydive? Then you would only have politicians who don’t need the money- because they have plenty already.

Why Is the Consumer Price Index Controversial?
Link: https://www.investopedia.com/art

The Consumer Price Index is a popular measure of inflation in the United States whose calculation generates controversy amongst economists.

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MeterMan on November 9, 2020 at 8:11 pm
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Idea: Fixing politician’s fees to the consumer price index
Link: http://news.bbc.co.uk/2/hi/uk_news/magazin...
It’s the expences that you should be watching, that makes all the difference, Good charts that visualise the problem here on the bbc http://news.bbc.co.uk/2/hi/uk_news/magazine/8072031.stm

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8-BIT BOBBY on November 9, 2020 at 9:40 am
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Idea: Fixing politician’s fees to the consumer price index
Link: https://www.cato.org/publications/commenta...
Just pay them properly and you will get better quality, stands to reason. Read this,

Pay Politicians £500,000 Each per Year and Maybe We'd Get Better Quality MPs
Link: https://www.cato.org/publication

Their pay should be linked to what happens to real GDP per capita over the parliamentary term, and grow or be reduced accordingly.

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