Comment 29644

By A Smith (anonymous) | Posted March 20, 2009 at 14:03:43

Ryan >> when society changes the balance of incentives and disincentives, people adjust their decisions accordingly

I think this also applies to our elected officials. If we want them to do a good job for us and make wise decisions, we need to pay them accordingly. I like the idea of tying their compensation to property values, perhaps a percentage of the increase in home prices as judged against the national or provincial average. That way, if the homeowners of Hamilton saw their net worth climb faster than the average, our local politicians would deserve to share in that added prosperity. If property values grew more slowly then the average, they would simply collect their base salary.

It seems we all want prime rib political decisions making, but at ground beef compensation. If we were willing to share the wealth from increased property values, I think both the residents of Hamilton and the politicians would be far better off.

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