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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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Location: Cathair na dTreabh
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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Of Systemic Importance

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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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 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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Joined: Sep 13, 2007
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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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Joined: Mar 30, 2016
Posts: 700
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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