Take the money out of politics as much as possible and there will be less incentive for politicians to sell out their people
In which world do you live?
This theory presumes that when people have more money, their desire to have even more money diminishes. This presumption is not true.
(It might be somewhat true for common sorts of people who find pleasure in simple things and only want enough money to satisfy their basic material needs (food, shelter, medical care). But it's definitely not true when you're talking about people with high levels of ambition, which includes virtually all politicians.)