If I had all of my monetary needs taken care of, I would probably spend my time working on organizational alignment and effectiveness issues within our school system. There is something about working to align the systems and people that have the most impact on the future: Parents and Teachers and those who support them.
That said, I think merit pay can be an important tool in the effort to improve the quality of education in our school systems. As the President of a School Board (in my off time… right – like I get any off time), I would love nothing more than the budgets to reward our teachers at least to the level of other business professionals.
Nonetheless, its about time we consider these things here in Utah.