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 Post subject: Sindo publishes Politicians worth
PostPosted: Sun May 13, 2018 2:39 pm 
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Too Big to Fail

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They calculate their goldplated pensions + shares + property + business value = €m's
Due to our PRSTV system, they are an accurate reflection of us as a society
Seriously depressing - no wonder our corrupt culture will not alter
Excludes salaries. More details in Sindo 13/05/18
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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Sun May 13, 2018 4:55 pm 
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Are some of those near the bottom of the list:-
a, bad at money management?
b, good with (hiding) money?

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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Sun May 13, 2018 5:09 pm 
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Ruth Coppinger worth over half a million. Paul Murphy not far off. Does this mean they get to expropriate themselves post revolution?

Healy Rae is worth 5 million. Lowry has been selling insider influence for decades and has amassed over 6 million on the back of it.

I doubt there's more than 5 genuine public servants between the whole lot of them.

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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Sun May 13, 2018 5:22 pm 
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Uh, what's the big deal? Is that their annual earnings or their net worth? Assuming the latter, none of them look filthy rich to me, and some of them are near paupers.

Quote:
They calculate their goldplated pensions + shares + property + business value = €m's

So that is their total worth, including pension pots and property? Uh, half a mill wouldn't buy you a corpo house in Dalkey. None of these people are rich. A few look passingly comfortable. And a senior politician's public pension will be reckoned as a couple of million worth -- nice to have, but puts a gleam on net worth that doesn't actually represent cash in hand. It's quite possible pension represents most of the value outside the top forty. Plus some are business owners and it's a fact of life that people accumulate more assets as they age. Sorry, I'm finding this all a bit underwhelming. It's only a short hop from blaming them for being old white cis-gender males.

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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Sun May 13, 2018 9:46 pm 
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Sean Haughey doing well from his inheritance


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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Mon May 14, 2018 9:32 am 
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ps200306 wrote:
Uh, what's the big deal? Is that their annual earnings or their net worth? Assuming the latter, none of them look filthy rich to me, and some of them are near paupers.

Quote:
They calculate their goldplated pensions + shares + property + business value = €m's

So that is their total worth, including pension pots and property? Uh, half a mill wouldn't buy you a corpo house in Dalkey. None of these people are rich. A few look passingly comfortable. And a senior politician's public pension will be reckoned as a couple of million worth -- nice to have, but puts a gleam on net worth that doesn't actually represent cash in hand. It's quite possible pension represents most of the value outside the top forty. Plus some are business owners and it's a fact of life that people accumulate more assets as they age. Sorry, I'm finding this all a bit underwhelming. It's only a short hop from blaming them for being old white cis-gender males.


totally agree, headline grabbing nonsense, for the vast majority its the PV of future pension entitlements


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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Mon May 14, 2018 9:44 am 
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cyrusir wrote:
headline grabbing nonsense


The Indo's staple

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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Mon May 14, 2018 9:59 am 
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cyrusir wrote:
totally agree, headline grabbing nonsense, for the vast majority its the PV of future pension entitlements

Which with interest rates at zero is incredibly high at the moment, right? (because the pension pot equivalent of a final salary pension is larger than 'normal'). Anyone who has been a minister for a couple of years or long-serving TD will have at least half a million just in that.

Now, it is a privileged position to get a final salary pension (well, it is these days), but the salary for the job is relatively ordinary (barring the president :|), and the job itself is an unattractive one. Imagine having to listen to whinging all day from your constituents, from other TDs, from your department, from special interest groups. Hmmm, sounds like my job some days :)

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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Mon May 14, 2018 10:01 am 
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But do these figures not show that the legislature are not really representative of the electorate?

Id imagine that the majority of people under 45 dont have any net worth or indeed, that their net worth is negative due to debt and mortgage payments owed etc. Anecdotal I know but most people I know in Ireland live paycheck to paycheck.

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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Mon May 14, 2018 10:01 am 
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yoganmahew wrote:
cyrusir wrote:
totally agree, headline grabbing nonsense, for the vast majority its the PV of future pension entitlements

Which with interest rates at zero is incredibly high at the moment, right? (because the pension pot equivalent of a final salary pension is larger than 'normal'). Anyone who has been a minister for a couple of years or long-serving TD will have at least half a million just in that.

Now, it is a privileged position to get a final salary pension (well, it is these days), but the salary for the job is relatively ordinary (barring the president :|), and the job itself is an unattractive one. Imagine having to listen to whinging all day from your constituents, from other TDs, from your department, from special interest groups. Hmmm, sounds like my job some days :)


having seen up close what politicians put up with and looking at what they get paid, i wouldnt do it for double.


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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Mon May 14, 2018 10:15 am 
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My major takeaway from this is that we don't have very many materially successful people in the Dáil. When you're counting pension and ppr, anything shy of a million falls well short of even upper middle class wealth, let alone the real "upper crust" of society.

Although these rich lists are always pretty much nonsense, aren't they?


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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Tue May 15, 2018 11:07 am 
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Poacher turned gamekeeper wrote:
But do these figures not show that the legislature are not really representative of the electorate?

Id imagine that the majority of people under 45 dont have any net worth or indeed, that their net worth is negative due to debt and mortgage payments owed etc. Anecdotal I know but most people I know in Ireland live paycheck to paycheck.

I'd say most politicians are too - you can't eat accrued pension.
And no, they're not representative, they got elected and not many people do that (in the same way not many people end up being hospital consultants). As soon as you get elected, to anywhere, you are no longer the same as the rest. I don't see a way around it, but I don't see it as a particular problem aside from the charvet shirt brigade (for whom it's a way to get rich).

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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Tue May 15, 2018 11:50 am 
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I do have a problem with it especially those with 'development land' and multiple houses as many in the dail have
Self interest games the system to have higher and higher property prices

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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Tue May 15, 2018 12:08 pm 
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yoganmahew wrote:
Poacher turned gamekeeper wrote:
But do these figures not show that the legislature are not really representative of the electorate?

Id imagine that the majority of people under 45 dont have any net worth or indeed, that their net worth is negative due to debt and mortgage payments owed etc. Anecdotal I know but most people I know in Ireland live paycheck to paycheck.

I'd say most politicians are too - you can't eat accrued pension.
And no, they're not representative, they got elected and not many people do that (in the same way not many people end up being hospital consultants). As soon as you get elected, to anywhere, you are no longer the same as the rest. I don't see a way around it, but I don't see it as a particular problem aside from the charvet shirt brigade (for whom it's a way to get rich).


Fair enough I suppose, although as Werpen says, in the context of this site, in cases where the accumulated wealth is derived from property and various property spin-offs I would have a problem with such person's input around planning and development etc

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 Post subject: Re: Sindo publishes Politicians worth
PostPosted: Tue May 15, 2018 1:33 pm 
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Poacher turned gamekeeper wrote:
yoganmahew wrote:
Poacher turned gamekeeper wrote:
But do these figures not show that the legislature are not really representative of the electorate?

Id imagine that the majority of people under 45 dont have any net worth or indeed, that their net worth is negative due to debt and mortgage payments owed etc. Anecdotal I know but most people I know in Ireland live paycheck to paycheck.

I'd say most politicians are too - you can't eat accrued pension.
And no, they're not representative, they got elected and not many people do that (in the same way not many people end up being hospital consultants). As soon as you get elected, to anywhere, you are no longer the same as the rest. I don't see a way around it, but I don't see it as a particular problem aside from the charvet shirt brigade (for whom it's a way to get rich).


Fair enough I suppose, although as Werpen says, in the context of this site, in cases where the accumulated wealth is derived from property and various property spin-offs I would have a problem with such person's input around planning and development etc

Absolutely, but the really dirty stuff happens at local level.

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