I know the easy approach here is for people to want an age limit in Congress, but I've always been more partial to a term limit. I'm sure there are plenty of hypotheses as to why this happens, but whatever the cause elected officials seem to have an extremely easy go of getting re-elected these days. The increasing average age in Congress is just a side effect of that in my opinion.
Instead of term limits, I’d much rather they be paid a 99% percentile wage until death, but be banned from accepting any other income or gifts, investing in stocks or owning any sort of business or investment property (again, for life). It might be better to lower the income to 90th or 50th percentile, so only people that actually wanted the job would take it. Ideally, the restrictions would extend to the kids. It wo…
A wealthy person is also totally fine with whatever the salary is, because they already have a bunch of money.