"If you select those people, what’s to keep them from creating a system that gives them ever more amounts of money, to the detriment of their constituents?"
That is literally the system that exists today, except instead of in the open (e.g. salary) it's through stocks with insider information and who knows how else.
The point isn't to optimize for people who are most incentivized through money, the point is to make the position more accessible for anyone who actually wants to do the "service" part, and to minimize the reasons that it's hard. As the previous commenter pointed out, right now independently wealthy people are some of the only ones who are actually capable of running, and someone who isn't independently wealthy who wins is even more susceptible to bribes because they may be in a tenuous financial position.
I would agree with you that we want individuals who's goal is to do "service" for their society, but our current system obviously isn't working and there are a lot of solid reasons why something like this _could_ improve the situation, what alternatives would you recommend?
Agreed. But the difference is I'm saying a better solution is to adjust the incentives rather than just keeping the same incentives but making it more transparent.
I would be in favor of higher pay for Congress given the limits of the job (maintaining at least two residences in DC and their home state, for example). Perhaps we just disagree on the level. I don't want it to be "lucrative" as you said originally (ie I don't want it to be a way to get rich), but it should be high enough to not be prohibitive to go into service. There are also some knock-on effects that would need to be managed; for example, I think overall civil servant pay is pegged to Congressional pay limits. Other solutions may be to have designated Congressional housing (so at least they can't use the housing cost as an excuse).
That is literally the system that exists today, except instead of in the open (e.g. salary) it's through stocks with insider information and who knows how else.
The point isn't to optimize for people who are most incentivized through money, the point is to make the position more accessible for anyone who actually wants to do the "service" part, and to minimize the reasons that it's hard. As the previous commenter pointed out, right now independently wealthy people are some of the only ones who are actually capable of running, and someone who isn't independently wealthy who wins is even more susceptible to bribes because they may be in a tenuous financial position.
I would agree with you that we want individuals who's goal is to do "service" for their society, but our current system obviously isn't working and there are a lot of solid reasons why something like this _could_ improve the situation, what alternatives would you recommend?