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View Diary: Jack Lew and the premature descent from heaven: A tale of the American nomenklatura (89 comments)

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  •  Why is it different in the US? (3+ / 0-)
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    coral, Chi, PrahaPartizan

    The gap in income between what you can earn as a hedge-fund guy (for example) and what you make as a civil servant is just mind-boggling. Ok, being in the finance sector is not quite as lucrative as it used to be, but it is still very, very tempting to drop off the government payroll and into something that puts you in a different lifestyle entirely. It is crazy money compared to what government employees make.

    (Rubin and the like agree to move the other way only because they are already so wealthy that working for comparative peanuts in a government job doesn't cramp their lifestyle).

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