Comments on: Numbers of the day http://www.irishelection.com/2007/10/numbers-of-the-day/ Coverage of Irish Politics, News and Current Affairs Thu, 09 Feb 2012 09:23:31 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Nova http://www.irishelection.com/2007/10/numbers-of-the-day/comment-page-1/#comment-60096 Nova Mon, 12 Nov 2007 21:15:25 +0000 http://www.irishelection.com/10/numbers-of-the-day/#comment-60096 The majority of dynamic people end up in the private sector because they have been wage outlooks. If governments the world over paid politicians better, they might entice a wider spectrum of people. Regardless of what you think of the recent rises, you can't disagree that if their pay was coupled with other private sector mainstays like REAL performance verification, nobody would disagree with politicians getting paid serious money. The majority of dynamic people end up in the private sector because they have been wage outlooks. If governments the world over paid politicians better, they might entice a wider spectrum of people. Regardless of what you think of the recent rises, you can’t disagree that if their pay was coupled with other private sector mainstays like REAL performance verification, nobody would disagree with politicians getting paid serious money.

]]> By: sos http://www.irishelection.com/2007/10/numbers-of-the-day/comment-page-1/#comment-59073 sos Tue, 30 Oct 2007 14:34:22 +0000 http://www.irishelection.com/10/numbers-of-the-day/#comment-59073 Corporate execs provide added value; they create jobs that are also value added; they find export markets; they plough back profits into research & development; they harness the resources of the country. They may appear to be overpaid - and some are - but, unlike many of those marking time until their fireproof pension arrives - they are not parasites. And many of that same number of parasites, in the sheltered public sector, take early retirement to study for the Bar or Accountancy (a favoured choice for Revenue Inspectors)to pursue a second lucrative career, using their insider information. The Government - our employees (which they oft-times forget when they complain about our lack of respect for their high office)- in contradistinction to those CEO's - waste the resources of this country, both natural - and the unnatural taxes that they extract from the working sector & waste on unnecessary foreign travel; expensive motor cars; dreams of billion Euro Football Bowls and well-meaning, yet stupid, social programmes. An old lady was recently asked, as she left a well known North Dublin chain store, whether she thought Bertie was good value for money. "He's a lovely man," she said, " worth every penny." How can one win against such blind stupidity - and ignorance of the realities of the Banana Republic that Ireland has become? Corporate execs provide added value; they create jobs that are also value added; they find export markets; they plough back profits into research & development; they harness the resources of the country.

They may appear to be overpaid – and some are – but, unlike many of those marking time until their fireproof pension arrives – they are not parasites.

And many of that same number of parasites, in the sheltered public sector, take early retirement to study for the Bar or Accountancy (a favoured choice for Revenue Inspectors)to pursue a second lucrative career, using their insider information.

The Government – our employees (which they oft-times forget when they complain about our lack of respect for their high office)- in contradistinction to those CEO’s – waste the resources of this country, both natural – and the unnatural taxes that they extract from the working sector & waste on unnecessary foreign travel; expensive motor cars; dreams of billion Euro Football Bowls and well-meaning, yet stupid, social programmes.

An old lady was recently asked, as she left a well known North Dublin chain store, whether she thought Bertie was good value for money.

“He’s a lovely man,” she said, ” worth every penny.”

How can one win against such blind stupidity – and ignorance of the realities of the Banana Republic that Ireland has become?

]]> By: Cian http://www.irishelection.com/2007/10/numbers-of-the-day/comment-page-1/#comment-58856 Cian Sat, 27 Oct 2007 15:19:21 +0000 http://www.irishelection.com/10/numbers-of-the-day/#comment-58856 Seeing him yesterday on the door-step Bertie is sickly arrogant. This pay rise is following a rise of 22% in 2000 and 7.5% in 2005. another 14% in 2007 suggests that he is just like those corporate execs feeding off huge expenses and pay. The state is different bertie, your not in business, we arent employees. He is the employee and 300k is a sick sum for someone supposed to be "of the people" Seeing him yesterday on the door-step Bertie is sickly arrogant. This pay rise is following a rise of 22% in 2000 and 7.5% in 2005. another 14% in 2007 suggests that he is just like those corporate execs feeding off huge expenses and pay.

The state is different bertie, your not in business, we arent employees. He is the employee and 300k is a sick sum for someone supposed to be “of the people”

]]> By: P O'Neill http://www.irishelection.com/2007/10/numbers-of-the-day/comment-page-1/#comment-58769 P O'Neill Fri, 26 Oct 2007 12:30:10 +0000 http://www.irishelection.com/10/numbers-of-the-day/#comment-58769 The report made an attempt to value pensions. They said that the public sector pension (because it's defined benefit plus various other features) is worth an additional 15 percent of salary. But as the Irish Times explained today, the review group then did a sleight of hand where they bumped up the private sector comparator salary by 15 percent (for an allegedly different reason) and then deducted the 15 percent benefit from that. I believe that Aaron is correct that the TD pension is even more generous because it's defined benefit with much shorter pay-in period than the civil servant pension but I don't know the details. The report made an attempt to value pensions. They said that the public sector pension (because it’s defined benefit plus various other features) is worth an additional 15 percent of salary. But as the Irish Times explained today, the review group then did a sleight of hand where they bumped up the private sector comparator salary by 15 percent (for an allegedly different reason) and then deducted the 15 percent benefit from that. I believe that Aaron is correct that the TD pension is even more generous because it’s defined benefit with much shorter pay-in period than the civil servant pension but I don’t know the details.

]]> By: sos http://www.irishelection.com/2007/10/numbers-of-the-day/comment-page-1/#comment-58765 sos Fri, 26 Oct 2007 10:01:23 +0000 http://www.irishelection.com/10/numbers-of-the-day/#comment-58765 If there was ever a reason for getting rid of TD's, this has to be it. Nor is there any chance of the Opposition voting against this preposterous motion. As it is said "Turkeys don't vote for Christmas" and Enda & Eamonn will want all that lovely loot - and the enormous perks (AND access to "interest free loans" & personal donations). Maybe a cabinet of 6 at €200,000 + each, but not the mob that Ahern has drafted in to warm their collective arses on the bench, doing sweet f-all. So it reverts to the shareholders of Ireland Inc. - WE who pay their bloated wages and expenses - to exercise our financial muscle and act. Some years ago, the PAYE Sector decided enough was enough and withheld their taxes. CEO's of companies in the exposed private sector will have no problems in lending them their support. It is time that the shareholders of Ireland Inc. demanded Value For Money. NOW. If there was ever a reason for getting rid of TD’s, this has to be it.

Nor is there any chance of the Opposition voting against this preposterous motion.

As it is said “Turkeys don’t vote for Christmas” and Enda & Eamonn will want all that lovely loot – and the enormous perks (AND access to “interest free loans” & personal donations).

Maybe a cabinet of 6 at €200,000 + each, but not the mob that Ahern has drafted in to warm their collective arses on the bench, doing sweet f-all.

So it reverts to the shareholders of Ireland Inc. – WE who pay their bloated wages and expenses – to exercise our financial muscle and act.

Some years ago, the PAYE Sector decided enough was enough and withheld their taxes. CEO’s of companies in the exposed private sector will have no problems in lending them their support.

It is time that the shareholders of Ireland Inc. demanded Value For Money.

NOW.

]]> By: Aaron McDaid http://www.irishelection.com/2007/10/numbers-of-the-day/comment-page-1/#comment-58758 Aaron McDaid Fri, 26 Oct 2007 07:02:55 +0000 http://www.irishelection.com/10/numbers-of-the-day/#comment-58758 What's the story with pensions? Don't TDs have a fantastic pension setup (fixed pension for life at close to the TD's salary I think)? Whereas private sector business people finance their own pension to a larger extent? i.e. I suspect that their is an obvious and deliberate mis-valuation in the benchmarking. I want to know the complete financial outlook for someone who spends one term and TD and retires, compared to someone who spends 5 years as head of a large company. What’s the story with pensions? Don’t TDs have a fantastic pension setup (fixed pension for life at close to the TD’s salary I think)? Whereas private sector business people finance their own pension to a larger extent?

i.e. I suspect that their is an obvious and deliberate mis-valuation in the benchmarking.

I want to know the complete financial outlook for someone who spends one term and TD and retires, compared to someone who spends 5 years as head of a large company.

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