That said, you (or your employer) can pay about $1k which sort of puts your application at the top of the pile. If you go down this route, you end up getting the approval in about 2 weeks.
There are reasons why people choose premium processing. For example if they have to go out of the country within the next 6-8 months, it is best if you have the H1b approval documents with you.
This does not include H1B transfers and other stuff USCIS handles.
To do something like that there would probably have to be special language written into the budget and it would have to be approved by Congress.
Paying a premium for expedited service is fine (I'm sure you've paid USPS a few extra bucks to mail your package faster), but I do agree that it should be applied judiciously.
Perhaps "premium processing" is expedited without a justification.