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this post was submitted on 31 Dec 2023
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Because I trust someone worth $100k or less to have my interests at heart far more than someone worth $10M. Do these people really not get that?
People are sick and tired of being ruled by the wealthy. The truth is, city government pay is often so bad, it’s only the wealthy with large passive income that will go for it.
It also shows who's accepting other money. If you're worth $10m but entered office with a lot less, the office doesn't pay enough for you to have earned all of that. You must have accepted ~~bribes~~ "donations" to get there.
Exactly this. Finance transparency should be a requirement for public officials. I honestly don't care if my politician has a NW of 10 million. I do care if that's tied to industries they are supposed to be regulating. I also care if they started out with nothing and became millionaires after joining politics.
That said, billionaires should be barred from ever interacting with politics. Congratulations, you won capitalism, now leave the rest of us alone.
City officials typically don't take bribes, they'll buy land after learning about a project, or select a company for a job that uses supplies from your company. One of the famous politicians in my area bought a bunch of land when a highway project was announced and made millions.