Bernie Sander’s reputation as a revolutionary crashed and “berned” a few weeks ago when he endorsed Hillary Clinton. This is the same Hillary Clinton who has accepted massive donations from gigantic financial firms (with no strings attached I’m sure). These are the same financial elites that Bernie spent his entire career railing against. It appears the party is back on because last week Bernie bought a $600,000 summer home on the Champlain Islands in Vermont.
Being a career politician is very lucrative. Over half of the members of Congress are millionaires (compared to about 4.4% for the general population). Bernie Sanders’ net worth comes almost entirely from his 44-year career in politics. Sanders has been mayor of Burlington, Vermont. He has also held positions in the U.S. House of Representatives as well as in the Senate. As a senator since 2006, Sanders has earned a salary between $165,200 and $174,000 a year.
While I actually agree with Bernie when it comes to opposing the bailouts, he is misguided when he speaks out against millionaire CEO’s. CEO’s are some of the most productive members of society, whose decisions help guide resources that raise everyone’s living standards. Alright, relax Bernie supporters, I’m now going to address their pay. Of course CEOs are paid lots of dough but that money doesn’t come from the taxpayers. If a CEO develops and implements a high level strategy that make her company a 70-million-dollar profit and is paid 40 million, the compensation is mutually beneficial. It’s these profits that the CEO’s produce that would help pay for all the “free” stuff Bernie promises. Simply stated, CEOs are makers, and politicians are takers.
I will leave you with something to ponder. Let’s say you have two kids and you ask them both what they want to be when they grow up. One says a politician and the other says a CEO, who would you be most proud of and why?