Reimagining Political Incentives: Performance-Based Pay and Hardcore Criminal Penalties
armageddonprose.substack.com
Not only do we see that politicians, at least at the national and state levels, not have proper incentive structures to do what they are theoretically supposed to (represent their constituents’ interests and uphold rule of law), they actually have perverse incentives: the more wealth they can extract from the dying middle class, the more civil liberties they can purge to accumulate ever-greater power for their masters in the permanent bureaucracy, the greater their rewards — in the form of campaign cash, lucrative speaking engagements, lifetime appointments to corporate boards, etc.
Reimagining Political Incentives: Performance-Based Pay and Hardcore Criminal Penalties
Reimagining Political Incentives…
Reimagining Political Incentives: Performance-Based Pay and Hardcore Criminal Penalties
Not only do we see that politicians, at least at the national and state levels, not have proper incentive structures to do what they are theoretically supposed to (represent their constituents’ interests and uphold rule of law), they actually have perverse incentives: the more wealth they can extract from the dying middle class, the more civil liberties they can purge to accumulate ever-greater power for their masters in the permanent bureaucracy, the greater their rewards — in the form of campaign cash, lucrative speaking engagements, lifetime appointments to corporate boards, etc.