Donald Trump, rich guy that he is, has said that he will not take the $400,000 salary that comes with the presidency. Instead, he will just take $1. George Washington made the same pledge to serve without a salary, but the new Congress insisted that he take it. It turns out, the Founders had good reasons for providing that public officials, including the president, be paid. Not only does it open public service to citizens who are not wealthy, it establishes who is the boss.
Read Rob Goodman’s fascinating survey of the issue after the jump. [Read more…]