It's a matter of perspective, there are shrill voices saying that if we scrap Trident all our economic woes will be over, but really there are much, much lower hanging fruit than that. A windfall tax on the big IT outsourcing firms would be a good start.
All that power and responsibility, and not being compensated for it could be dangerous. Wouldn't it deter anyone who wasn't wealthy from office, and/or make them vulnerable to corruption?