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I suspect most high ranking government officials in the US could make significantly more in the private sector so it's hard to claim there's a high scale of pay for politicians -- at least in the US.



Politicians don't get rich from their paycheck.


Assuming you're not being snide; how do they get rich then (whilst in post)?


Generally they don't unless their doing something illegal. Most politicians are reasonably to very wealthy going into office, and being a high ranking politician basically secures them a high paying position in the private sector afterwards. Many people from the FCC/FDA will go into the telecom/pharmaceutical industries for example. Others will charge huge fees for speaking engagements and appearances. I remember reading Bill Clinton charges in the 10k-50k range for speaches but not sure on the specifics.

So basically no one expects to make money from their paycheck, but rather go into politics for the fame, connections, and other intangibles.


It's not always illegal.

Position, connections, and influence go a long way before you even commit a crime.


Politicians and their aides consistently get above-average returns on their stock portfolios.


That's a pretty big claim. Any data to back it up?



You were aware that sitting politicians in the US are exempt from the laws against insider trading, weren't you?


I believe that's only for Congress. Your local Mayor can go to prison for insider trading just like you and me.


I wasn't (but am not from USA); that's terrible.


Insider trading isn't illegal for politicians.

They can trade stock knowing certain laws will be passed or bills introduced that will have an effect.


Not being snide, it's a well-known phenomenon.

Look at Harry Reid as an easy example.



They also didn't get elected for knowing a bunch of regular folks.




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