Barnaby gets a bad rap because he has views that are unpopular and doesn’t try very hard to hide them (for example, his so called ‘populist’ opposition to the ETS began when polls showed that only 7% of the community shared his skepticism).
Today, he went into bat for Gov Stevens’s seven figure salary…
Barnaby made the sensible economic argument – opportunity cost. He might have also made an argument about capture – income disparities between regulators and the regulated make it more likely that the regulator will do a bad job, as it is more likely the regulated industry can offer something back at a latter date.
Here is what Bloomberg reported:
Barnaby Joyce, Senate leader for the junior opposition coalition partner The Nationals that mainly represents rural areas, defended Stevens’s salary. While such income “would seem incredible to many Australians, the reality is that it’s probably not compared to what he could get somewhere else — at commercial banks.”