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Andrew Yang Policy on PREVENT CORRUPTION AMONG FEDERAL REGULATORS
The Office of the President is admired throughout American society. However, that respect has been capitalized on by recent presidents for personal gain. Six-digit speaking fees and lucrative board positions fuel the perception that the President may go soft on people that he or she could receive fees from after leaving office.
In order to combat this, we should raise the president’s salary from the current $400,000 to $4 million. However, anyone who served in the office would be barred from accepting speaking fees or lucrative board positions for personal gain after leaving office.
And it’s not just the president. Any number of people working at regulatory agencies know that they have lucrative job offers waiting for them within the industries they’re currently regulating. They have an economic incentive not to burn any bridges in their current positions before moving into the industries they’re supposed to be policing on behalf of the rest of us.
Cabinet members and heads of regulatory agencies should have their salaries increased from $275k to $1 million, but be barred from accepting any speaking fees or industry employment for 10 years post-service.
"Government jobs don’t pay as well as high-level private sector jobs, which leads to a revolving door between government and industry. Often, industry will pay a government employee 5 to 10 times their salary after they leave office. This makes it very natural for regulators to go easy on the companies they regulate. We need to immunize those in charge of government from market forces by compensating them at higher levels and then making it so they can’t go back to their old jobs.Corruption in this case would be diminished by paying government officials more. The government has a printing press - it should be using it to empower regulators to act on behalf of the people instead of relying upon officials ignoring their own economic interests."
https://www.yang2020.com/policies/pay-president-regulators/