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I think it's sort of valid, actually...if one looks at it as a problem in government in general, and doesn't attempt to frame it as one side or the other....which I didn't see in the OP, btw....
There is no question that there is too much corporate influence in North American politics, to where all too often their needs are prioritized over the regular citizen. When one tries to understand how that happens, this does appear to be a likely contributor.
I'm not saying there aren't private sector individuals charging exorbitant amounts of money for speaking engagements...and more power to them, if they have found a market for their thoughts, I'd love to be in their shoes. But it does get a lot more awkward when an elected official is commanding these dues...it's a bad look, and it casts doubt on their ability to do the job they were sent to do, if the needs of the folks they represent clash with the goals of the organizations paying super high fees for "speaking engagements". Not sure knee jerk dismissal is the right reaction here.
The reason it warrants dismissal is the fact that we’re talking about the Treasury Secretary - not the chairman of the SEC. Where’s the conflict of interest?