Not relative to their responsibilities. The US federal government takes in about $3.5T per year and employs about 2m people. Private sector executives routinely get 8 and 9 figure comp for running organizations 1/10th or even 1/100th that size.
Also, remember that this is "in exchange" for anyone who assumes office to mostly forgo income from individual investments and I'd add things like book deals and honoraria after office. Someone mentioned Singapore and that's my example case here.
Also, remember that this is "in exchange" for anyone who assumes office to mostly forgo income from individual investments and I'd add things like book deals and honoraria after office. Someone mentioned Singapore and that's my example case here.