Thomas Sowell over at Townhall.com seems to think so:
The cost of paying every member of Congress a million dollars a year is absolutely trivial compared to the vast amounts of the taxpayers’ money wasted by cheap politicians doing things to get themselves re-elected. You could pay every member of Congress a million dollars a year for a century for less money than it costs to run the Department of Agriculture for one year.
There is no point complaining about the ineptness, deception or corruption of government while refusing to do anything to change the incentives and constraints which lead to ineptness, deception and corruption.
I do have to take issue with some of this logic though. Simply paying politicians more may is not a guarantee that the laws they write would be more competent or free of corruption and scandal. Nor does it properly address the issue of the number of laws and regulations that are churned out each year.
As long as we’re speculating on grand salary schemes, why not adjust salaries of congresscritters to that of their average constituent, rewarding them when their corner of the country does well (yet penalizing them for any pork expenditures so their goal as in congress isn’t simply to inflate wages through tax money redistribution).
What do you think a politician is worth?