Wednesday, June 18, 2008

Prataman's Salary Justifiable?

I found this discussion interesting, its on our very Honorable Prataman.

How do you justify President's pay?

From: hotdogpork 01:31
To: ALL 1 of 10
181217.1

From what I understand, his pay is $3,187,100 a year.

That's $265,591 a month.

Or $8,853 a day.

A don't see how anyone can justify taking close to $9,000 of public funds a DAY for a purely ceremonial role.

I don't even see how anyone can spend or need $9,000 a DAY no matter how ostentatious your lifestyle. If you made it yourself through your corporation that you own, nobody (except shareholders) will have anything to say.

But we're talking about public funds here. Funds that can be used to air-condition schools so students can concentrate better, funds for education programs for the poor to get them out of their situation, funds for medical subsidies, funds for R&D that will make S'pore a better place to live in, etc.

With this amount you can even start a trust fund that can pay $10,000 a month perpetually (and this amount will keep growing) that can be used to fund other worthy causes.

But as it stands, all this money is going to one man. How do you justify $9,000 of economic value a DAY as a ceremonial President? What do you do to justify this?

And then there's the problem of conflict of interest. One of the President's roles is to safeguard the country's reserves. When you're getting paid this kind of salary by the very people you're supposed to watch over, and you risk being removed for asking too many questions, isn't there an obvious conflict of interest?

I can't help thinking that this amount of money is given to silence him, instead of encouraging him to play an active role in safeguarding the country's money. Or am i wrong?

No matter how good a spindoctor you are, I don't see how anyone can think of a way to spin this. So the answer is to just keep silent and not say anything about it?

The President of Singapore.

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