Thursday, November 13, 2008
Must be nice to be president
Barack Obama's tax plan calls for higher levies on people who make more than $250,000 a year.
If he does, he's either brave or stupid because according to this Chicago Tribune story, his income eclipsed that before the campaign and will be significantly more so when he leaves office in four or eight years. The story tracks how modern ex-presidents have gone on to make post-office fortunes as celebrity authors and public speakers.
That got me to thinking: has the promise of big money after leaving office made it more likely for people to get into politics for financial motivations as opposed to public service? It used to be that going into politics was far less lucrative than the private sector. But if you can get elected to a high office, like senator, vice president of commander-in-chief, the money's sure to flow afterward. Just ask Al Gore.