7) Congress is a stepping-stone to lobbying
Congress is no longer a destination but a journey. Committee assignments are mainly valuable as part of the interview process for a far more lucrative job as a K Street lobbyist. You are considered naïve if you are not currying favor with wealthy corporations under your jurisdiction. It’s become routine to see members of Congress drop their seat in Congress like a hot rock when a particularly lush vacancy opens up. The revolving door is spinning every day. Special interests deplete Congress of its best talent.
Glenn Reynolds has had the answer to this. Its something that Obama should really like to get behind–Taxes:
In short, I propose putting a 50% surtax — or maybe it should be 75%, I’m open to discussion — on the post-government earnings of government officials. So if you work at a cabinet level job and make $196,700 a year, and you leave for a job that pays a million a year, you’ll pay 50% of the difference — just over $400,000 — to the Treasury right off the top. So as not to be greedy, we’ll limit it to your first five years of post-government earnings; after that, you’ll just pay whatever standard income tax applies.
This seems fair. After all, when it comes to your value as an ex-government official, it really is a case of “you didn’t build that.” Your value to a future employer comes from having held a taxpayer-funded position and from having wielded taxpayer-conferred power. Why shouldn’t the taxpayers get a cut?
My solution to Mystery Congressman’s secrets; 2) Congress listens best to money, 5) We don’t have a Congress but a parliament, 6) Congressional committees are a waste of time, and 8)The best people don’t run for Congress, here: