Under the table is good. The IRS will have something to say about it.
The engineer example doesn't follow. Its also not a pay cut.
Take for example 300k comp for your avg. eng 300k avg last 5 years avg comp. Goes to Gov. High cap is set at 300k. Gets a salary of 120k while with govt. He can leave govt, and go back to earn 300k. No problem.
He can even earn the gap between 120 and 300 also during his govt job. So he can maintain his QoL
This is really not a problem at all.
It doesnt punish success before govt.
It punishes sucess after govt. (Speaker fees anyone?)
The problem currently is that govt attracts people that want to make a career (and profit) out of it. I posit, thats exactly the people you dont want in govt.
> I posit, thats exactly the people you dont want in govt.
You want highly competent people in government. If generally they can make significantly (e.g. even 10x or more, I'm talking about upper management/CEP level position of course) in the private sector more often than not they will do that. The public sector will be left with the leftovers.
The revolving door is a problem, but your proposed solution is…let’s be charitable and say it’s something that would be proposed by an academic, rather than a realist.
The engineer example doesn't follow. Its also not a pay cut.
Take for example 300k comp for your avg. eng 300k avg last 5 years avg comp. Goes to Gov. High cap is set at 300k. Gets a salary of 120k while with govt. He can leave govt, and go back to earn 300k. No problem.
He can even earn the gap between 120 and 300 also during his govt job. So he can maintain his QoL
This is really not a problem at all.
It doesnt punish success before govt.
It punishes sucess after govt. (Speaker fees anyone?)
The problem currently is that govt attracts people that want to make a career (and profit) out of it. I posit, thats exactly the people you dont want in govt.