The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

A CEO like all the others

Jan 22, 2001

In 1999, Congress passed a salary increase for the nation's chief executive officer, doubling his salary to $400,000 per year. The increase goes into effect with this new administration.

Of course, $400,000 is only the beginning. In addition, the president gets free rent at the White House, free transportation wherever he goes, free medical care from the finest doctors, and a hefty expense allowance, not to mention personal servants.

$400,000 per year is 16 times the average yearly wages in this country, and it puts the president right up there with the top one% of all wages and salaries. That's where presidents feel most comfortable, of course, with all their rich buddies.