When you have a large pot o' gold sitting under the rainbow, do you believe that you can stop people from trying to lift coins from that pot?
My point is that when government spending is so pervasive in the economy the temptation of influencing that spending is so large because the reward is also large. The only sure way I see of actually getting a government which is responsive to citizens interests, and not corporate interests, is to shrink the size of government down to such a small level that corporations can't actually influence the government so that they get a big payoff.
How would you remove the temptation?
Sounds like you'd have to get rid of large defense contracts, FDA watch -dogging drugs, any regulation of banks etc to shrink government that small. I'm not a big enough believer in the benevolence of large corporations to go that far either. Don't give the incubants time to accrue a long iou list, make all lobbying transparent. Some lobbyists actually have a hand in penning legislation, that has to stop.
The influence of wealth is so entrenched, so pervasive whatever it takes is going to have to be massive and bipartisan. I can envisage a truce and cooperation between liberals, tea-partiers and other like minded parties to accomplish a common goal.
Look at the revolving door. It doesn't have to be an incumbent. A regulator at the SEC or FDA resigns and then takes up a job with the company/industry he was regulating. Where is Geitner today? You can put up all sorts of roadblocks but so long as that big honeypot is still there tempting people, people/corporations are going to find ways to get more than their fair share of honey.
As for term limits do you believe that there is any benefit to experience as a legislator?
The revolving door is a tough nut to crack and it swings both ways, Geitner came into government from the financial system, did his best to help them out and went back whence he came. Without unduley restricting an individual's right to pursue his chosen career and livelyhood how do you bust that cycle. I know there are regulations in place to limit the effects but they're obviously ineffective. Got any ideas?
For top level appointments, so long as they're not corrupt and self-dealing, I'm not so worried about the revolving door. My bigger concern is lower down with career bureaucrats. I'd say a 10 year 90% income surtax on the increased salary (the differential) they get from a new employer who they used to regulate.
For the top guys, they should be limited to salary packages that are no greater than what they gave up when they entered. I don't want Cabinet Officers using government service to enrich themselves. If they were making a million per year then they are restricted to an inflation adjusted $1,000,000 per year when they depart government. The details can be fleshed out but the point that guides this is no personal enrichment.
This though is only a small part of the problem. Appropriations is the big time, same with rent-seeking via legislation. I don't know how to stop that - the honeypot is too big of an attraction.