An elected office where there’s a term limit, and some length of time after someone leaves office (e.g. in the following election), voters vote on how good a job they did, and the former office-holder receives a cash payout or pension based on the result of the vote.
The benefits of this system would be:
Politicians would have an incentive to focus on how their performance in office will be judged on a longer time-horizon.
If the payout is large enough, it would incentivize politicians not to take sinecures and “speaking fees” that would be seen as corrupt after leaving office (and thereby make them less useful as an inducement to corruption while they’re in office)
During an election, the question “how did it go last time this party was in charge?” would be top-of-mind, encouraging political parties to optimize more for the long term.
An elected office where there’s a term limit, and some length of time after someone leaves office (e.g. in the following election), voters vote on how good a job they did, and the former office-holder receives a cash payout or pension based on the result of the vote.
The benefits of this system would be:
Politicians would have an incentive to focus on how their performance in office will be judged on a longer time-horizon.
If the payout is large enough, it would incentivize politicians not to take sinecures and “speaking fees” that would be seen as corrupt after leaving office (and thereby make them less useful as an inducement to corruption while they’re in office)
During an election, the question “how did it go last time this party was in charge?” would be top-of-mind, encouraging political parties to optimize more for the long term.