Earlier quoted context omitted.
IF that job last longer than 20 years and the salary increases at least in pace with inflation, then why is that so stupid? It's no stupider than a home mortgage lender spending $1,000,000 to create a $5,000/month 30-year mortgage...
The salary increases don't have to keep pace with inflation... they need to keep pace with the interest rate on the $1M which is generally going to be higher than the inflation rate. Regardless, that's an interesting perspective. My follow up would be "do you think the government is well-informed and future-thinking enough to pick the jobs with 20+ year lifespans?" Personally, I don't think anyone is. Ten years ago,…
It stuns me that you think the government doesn't do this. Arpanet, medical research, technological research, the list is endless.