Thursday, November 25, 2010

Huge Pay on the Reserve

The National Post reports that a politician in Glooscap First Nation in Nova Scotia is paid $978,468 per year. This is very high, but sounds much worse when considering that the reserve has only 300 members. It gets worse, though. Apparently only 87 members actually live in the community.

With a little math these numbers lead to a suggestion that would probably help these 87 people greatly. Perhaps we could get rid of the politician and divide the pay equally among the residents. This works out to $11,246 per person per year. I’m guessing that these people would be better off with the money than whatever service the politician provides.

8 comments:

  1. And tax free too! I'm pretty sure even the PM doesn't make that kind of money.

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  2. @CC: I guess you can't expect politicians to pay taxes if their incomes aren't even a million dollars :-)

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  3. Great post. I don't always agree with your investing views, but our politics sem to be more symetric.

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  4. I dream of the Roman times when rich people would ruin themselves for the honour of being civil servants - in order to be elected they would build public baths, help the poor etc. And the reward?! People would remember them! But, of course, no instant gratification that 900K $ can offer you :D

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  5. @Dale: Thanks. It's hard to learn anything by just talking to people we agree with.

    @Andi: It seems dangerous to rely too much on altruism. Trust but verify.

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  6. Unbelievable - what exactly do they do for that cash?

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  7. @Mike: I don't know what they do to earn that cash, but I'm guessing that they will have to start explaining soon.

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  8. unbelievable...the poor folk who live on the reserve if that money were taken and invested in programs to build their self esteem and educate them.

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