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Screenshot from one episode of The Onion's video podcast: "Proposed Presidential salary increase intended to attract higher quality candidates"
Indeed, our own President could do with yet another salary increase to attract more candidates to run for office. The fact that we only had one candidate in the 2005 elections is testament to the fact that the current salary is woefully inadequate*.
* - Nitpickers might point out that he got S$2,300,000+ a year in 2005, and that he now gets S$3.8 million, but that's a ratio of only about 1.65. If we want to see 2 candidates at the next election we'll need to increase his pay to at least S$4.6 million.