REMUNERATION FOR PRESIDENT OF U.S.A.

It was published in the newspapers the other day that the salary of the U.S. President has changed 5 times as follows.

1789:
1873:
1909:
1949:
1969:
2001:
George Washington
Ulysses Grant
William Taft
Harry Truman
Richard Nixon
George W. Bush
: $ 25,000.00
: $ 50,000.00
: $ 75,000.00
: $ 100,000.00
: $ 200,000.00
: $ 400,000.00

This means that on the average the salary increase took effect once every 42.4 years which implies that indices of wages, prices, rates and taxes were very very stable. It was also pointed out that $25,000.00 in 1789 is worth 4 million in today's dollars, so you see even President George W. Bush is getting only 10% of his worth and this should be of some consolation for peevish, disgruntled folks everywhere


	
ABAC Today Assumption University, Thailand