web analytics

Great (Tom) Scott!

Written By: - Date published: 10:10 am, May 31st, 2012 - 15 comments
Categories: newspapers, wages - Tags: ,

15 comments on “Great (Tom) Scott! ”

  1. Tombstone 1

    Exactly – and this is what we need to change. The wrong people are making too much money and bleeding the rest of us dry in the process. Time for change. Serious change.

  2. Roy 2

    Perfect. Kudos to Tom Scott.

  3. tc 3

    +1 and wtf has Heffernden done at MRP to get such a whopping increase and bonus.

  4. weka 4

    Very good cartoon.
     
    Why are NZers so reluctant to question the salaries of very highly paid executives? We seem to think there is a taboo on this.

    • Draco T Bastard 4.1

      The whole world seems to think there’s a taboo on it. This does seem to be changing though as people realise that the CEOs/traders/bankers and their ilk really aren’t worth as much as they’re paid.

      • Colonial Viper 4.1.1

        One does not question the salaries and bonuses of our most esteemed gods.

    • Chris 4.2

      I think it is because every time anyone does question it they just bring up the salaries of American CEO’s etc and that always seems to be the end of it.

      I’ve never understood why more shareholders in particular don’t attack these salaries. 

    • rosy 4.3

      The French are getting it. Baby steps but pretty brave to be limiting public service pay to 20 times that of the lowest paid worker and a 75% tax on incomes over 1m euros without any other Euro country planning on following suit (at this stage)

      France’s new socialist government has announced an immediate, dramatic clampdown on fat-cat pay, promising to cap the salaries of chief executives at state-owned companies which could see top pay-packages slashed or halved.

      The president François Hollande vowed during the election campaign that in majority state-owned companies, the highest salary must not be 20 times more than the pay of the lowliest worker. The squeeze on state fat cats, expected to be enacted by decree next month, is part of the new government’s quest for France to set a moral example in a crisis-hit Europe where top earners’ stratospheric pay packages and benefits has exasperated workers and voters. The measure will sit alongside Hollande’s promised new top tax rate of 75% on income over 1 million euros, which is extremely popular among the French public, and which he has described as an act of “patriotism” and “morality”. Socialists brushed aside criticisms from the right that state pay-caps could make it difficult to recruit from private sector.

      • Draco T Bastard 4.3.1

        I like this comment

        GreenRevolution

        30 May 2012 7:31PM

        France’s president has vowed that the highest state salary must not be 20 times more than the pay of the lowliest worker

        I would like to suggest that the lowest private sector salary must not be less than 1/20th of the highest paid banker or hedge fund manager.

        😈

  5. Bored 6

    This whole farcical situation is another example of how completely fucked up our economic arrangements are. I have no doubt some people do work which is worth more than others, but its down to how we judge it, and more importantly it is warped by “private property rights”.

    There is something about aged care that relates to property and inheritance. We tax people during their working life to pay for the educational, health and welfare services that we a a society require to keep us a coherent / cogent entity. At the same time there is an understandable inclination amongst families to try and keep their accumulated wealth within the family unit for purposes of inheritance.

    This property might just as well be converted at death to cover the cost of aged care (including reasonable pay rates), but it currently is not What happens is that the state picks up part of the bill according to the value of the assets of the aged person concerned. The system is inequitable to those who have accumulated property (as opposed to those who have not) and conversely inequitable to the tax payers because property is easily hidden by those who have it (meaning the tax payer picks up the tab).

    My preference is for us to socialise the delivery of aged care (with reasonable rates of pay for carers) funded by the tax payer on a universal zero access charge for aged care. To avoid shortfalls with PAYE funding we could tax property transactions, introduce death duties and tighter transfer criteria for assets etc.This will off course upset the middle classes who have become very accustomed to receiving the family house as an inheritance.

  6. Sam Hall 7

    DEATH DUTIES. duty to the society that raised, fed,clothd and educated (insufficiently) and healed them b4 they went on to be masters of their own little universes.(black holes)

  7. felix 8

    Bang on, Tom.

    Also, who else has been trained by xkcd to hover over every cartoon they see?

  8. SandFly 9

    Now, now!
    It takes a special person to lose $106 million and not have to answer for it.
    (4th sentence)
    http://www.stuff.co.nz/business/6673556/Government-in-112b-barney-over-accounting

Recent Comments

Recent Posts

  • Tokelau Language Week reminds us to stay united and strong
    Staying strong in the face of challenges and being true to our heritage and languages are key to preserving our cultural identity and wellbeing, is the focus of the 2020 Tokelau Language Week. Minister for Pacific Peoples, Aupito William Sio, says this year’s theme, ‘Apoapo tau foe, i nā tāfea ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NZ announces a third P-3 deployment in support of UN sanctions
    The Government has deployed a Royal New Zealand Air Force P-3K2 Orion (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea, announced Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark. “New Zealand has long supported ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Pacific trade and development agreement a reality
    Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. “The agreement represents ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Securing a pipeline of teachers
    The Government is changing its approach to teacher recruitment as COVID-19 travel restrictions continue, by boosting a range of initiatives to get more Kiwis into teaching. “When we came into Government, we were faced with a teacher supply crisis,” Education Minister Chris Hipkins said. “Over the past three years, we ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Border exceptions for a small number of international students with visas
    The Government has established a new category that will allow 250 international PhD and postgraduate students to enter New Zealand and continue their studies, in the latest set of border exceptions. “The health, safety and wellbeing of people in New Zealand remains the Government’s top priority. Tight border restrictions remain ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • First COVID-19 vaccine purchase agreement signed
    The Government has signed an agreement to purchase 1.5 million COVID-19 vaccines – enough for 750,000 people – from Pfizer and BioNTech, subject to the vaccine successfully completing all clinical trials and passing regulatory approvals in New Zealand, say Research, Science and Innovation Minister Megan Woods and Health Minister Chris Hipkins. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • International statement – End-to-end encryption and public safety
    We, the undersigned, support strong encryption, which plays a crucial role in protecting personal data, privacy, intellectual property, trade secrets and cyber security.  It also serves a vital purpose in repressive states to protect journalists, human rights defenders and other vulnerable people, as stated in the 2017 resolution of the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ministry of Defence Biodefence Assessment released
    The Ministry of Defence has today released a Defence Assessment examining Defence’s role across the spectrum of biological hazards and threats facing New Zealand. Biodefence: Preparing for a New Era of Biological Hazards and Threats looks at how the NZDF supports other agencies’ biodefence activities, and considers the context of ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020
    New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020 Hon David Parker’s response following Thomas Piketty and Esther Duflo. Good morning, good afternoon, and good evening, wherever in the world you might be. I first acknowledge the excellent thought provoking speeches of Thomas Piketty and Esther ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Kaipara Moana restoration takes next step
    A Memorandum of Understanding has been signed today at Waihāua Marae between the Crown, local iwi and councils to protect, restore and enhance the mauri of Kaipara Moana in Northland. Environment Minister David Parker signed the document on behalf of the Crown along with representatives from Ngā Maunga Whakahī, Ngāti ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Zealand and Uruguay unite on reducing livestock production emissions
    Agriculture Minister Damien O’Connor and Uruguayan Minister of Livestock, Agriculture and Fisheries Carlos María Uriarte have welcomed the launch of a three-year project that will underpin sustainable livestock production in Uruguay, Argentina, and Costa Rica.  The project called ‘Innovation for pasture management’ is led by Uruguay’s National Institute of Agricultural ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • 3100 jobs created through marae upgrades
    Hundreds of marae throughout the country will be upgraded through investments from the Provincial Growth Fund’s refocused post COVID-19 funding to create jobs and put money into the pockets of local tradespeople and businesses, Regional Economic Development Minister Shane Jones and Māori Development Minister Nanaia Mahuta have announced. “A total ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Health volunteers recognised in annual awards
    Health Minister Chris Hipkins has announced 9 teams and 14 individuals are the recipients of this year’s Minister of Health Volunteer Awards.  “The health volunteer awards celebrate and recognise the thousands of dedicated health sector volunteers who give many hours of their time to help other New Zealanders,” Mr Hipkins ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Community COVID-19 Fund supports Pacific recovery
    The Minister for Pacific Peoples, Aupito William Sio says a total of 264 groups and individuals have successfully applied for the Pacific Aotearoa Community COVID-19 Recovery Fund, that will support Pacific communities drive their own COVID-19 recovery strategies, initiatives, and actions. “I am keen to see this Fund support Pacific ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Community benefits from Māori apprenticeships
    Up to 50 Māori apprentices in Wellington will receive paid training to build houses for their local communities, thanks to a $2.75 million investment from the Māori Trades and Training Fund, announced Employment Minister Willie Jackson today. “This funding will enable Ngāti Toa Rangatira Incorporated to provide its Ngā Kaimahi ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Training fund supports Māori jobseekers
    Rapidly growing sectors will benefit from a $990,000 Māori Trades and Training Fund investment which will see Wellington jobseekers supported into work, announced Employment Minister Willie Jackson today. “This funding will enable Sapphire Consultants Ltd. to help up to 45 Māori jobseekers into paid training initiatives over two years through ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ruakura Inland Port development vital infrastructure for Waikato
    The Government is investing $40 million to develop an inland port at Ruakura which will become a freight super-hub and a future business, research and residential development for the Waikato, Urban Development and Transport Minister Phil Twyford, and Māori Development Minister Nanaia Mahuta announced today. The funding has been has ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Appointments made to Defence Expert Review Group
    Defence Minister Ron Mark announced today the establishment of an Expert Review Group to review a number of aspects of the New Zealand Defence Force’s (NZDF) structure, information management and record-keeping processes.  The Expert Review Group’s work arises out of the first recommendation from the Report of the Government’s Inquiry ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • No active community cases of COVID-19
    There are no active community cases of COVID-19 remaining in the country after the last people from the recent outbreak have recovered from the virus, Health Minister Chris Hipkins said today. “This is a big milestone. New Zealanders have once again through their collective actions squashed the virus. The systems ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Clean energy upgrade for more public buildings
    More public buildings will be supported by the Government to upgrade to run on clean energy, the Minister for Climate Change James Shaw announced today. Minister Shaw announced that Lincoln and Auckland universities will receive support through the Clean-Powered Public Service Fund to replace fossil fuel boilers. Southern, Taranaki, and ...
    BeehiveBy beehive.govt.nz
    3 weeks ago