The Millionaire-Billionaire Rule

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I honestly have no idea whether that meme above is accurate, but truthfully I don’t really care. The reality is that economic inequality in this country is at an all-time high, and that is not a good thing!

I realize many are still coming to terms with the idea or reality of a Trump Presidency but I would actually be pleased if he follows through on his promise NOT to take the $400,000 Presidential salary.  Trump will join only two other Presidents who have NOT taken a salary while in office, Presidents John F. Kennedy and Herbert Hoover, if he keeps his promise. This got me thinking about income inequality and the salaries of our elected officials. According to a brief report from the Congressional Research Service, the average salary for elected representatives is around $170,000 a year, and we know they all get some pretty amazing benefits…like a members-only gym and amazing health insurance. But what I think is more important is, what is the net worth of these individuals when they take office. Trump, for example, is reported to be a Billionaire, and by some estimates more than half of Congress are millionaires!!!

Do millionaires and billionaires working for the public good really need to take a government salary or could that money be spent elsewhere?

I personally think it could be used more effectively somewhere else!

To that end I created a petition on We The People, the government website for petitions, to see if we might make a change in regards to the ultra wealthy elected officials. Specifically, I think that anyone who is an elected official or appointed to a Cabinet position AND is worth more than a million dollars should not take the government salary. Instead, that money should be diverted to Education, Health and Human Services, or the Veteran’s Administration. These are critical areas that always seem to be the first on the budget chopping block and perhaps we could help save by spending money where it matters the most. If you think this is a valuable idea then I encourage you to sign and share the petition. Share it with your networks on Twitter, Facebook, or wherever you hang out online. Let’s see what kind of change we can make.

Here’s the link to the petition: https://wh.gov/ieMAH

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About jimmysw
Associate Professor of Social Work with a focus on the Future of Social Media, Social Work Education and all things technology.

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