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That's actually not a lot for being the president. Tons of CEOs are making like 100x that lol.
400k of that is just from the Presidential salary. Which is way higher than I recall from when I learned about it in high school (iirc shit was only 100k/year).
Yeah it's been going up. Makes sense. Arguably not enough for how much stress that job is. Of course it comes with a free house and that has a bowling alley in it, and escape hatches for hookers.
The reason politicians should have good salaries is that it should dissuade them from being attracted by bribes or other kinds of corruption. Of course, some peoples' greed knows no bounds.
And frankly, I'd much rather see public servants rake in big money than the 0.1% "businessmen".
Probably keeps up with inflation better than the min wage.