Pegging Bonus to GDP Growth Is Flawed

[TracyTan866]

The pap pegs performance bonus of political appointees to SG's GDP growth. Regardless of GDP, they are paid minimum to one month's bonus. Take two Case scenarios:

Scenario 1

Year GDP Growth Bonus
1 100B
2 104B 4% 2mths
3 108.1B 4% 2mths
4 112.5B 4% 2mths
5 117B 4% 2mths
6 121.6B 4% 2mths


Scenario 2

Year GDP Growth Bonus
1 100B
2 98B -2% 1mth
3 108B 10% 8mths
4 106B -1% 1mths
5 116B 10% 8mths
6 120B 4% 2mths

In Scenario 1, steady growth which benefits Singaporeans, the political appointees wld get 10months bonus

In Scenario 2, which happened in 2008, 2009, 2010, the political appointees wld get 20months bonus

So it benefits political appointees if SG goes into rough economic patches..that what's happening..2008, 2009, 2010. Let's keep our eyes peeled in2 012, 2013 1nd 2014

 

[Capano2121]

There's no other performance results that can be linked to any efforts by the 超级白！

 

[streetsmart73]

hi there


1. aiyoh!
2. even if sheep pay itself months of bonus.
3. what can be done?
4. the only way to counter: 2016 !

 

[TracyTan866]

hi there


1. aiyoh!
2. even if sheep pay itself months of bonus.
3. what can be done?
4. the only way to counter: 2016 !

we can show why the pap is wrong to peg bonuses to GDP

 

[mojito]

All governments can boost GDP by building white elephants.

 

[batman1]

Can see the miw termites fighting like hell to justify their sky-high salaries and bonuses and why they deserved to be paid sky-high slalries and bonuses.At the same time,they fight like hell to detain our cpf money by the evil changeable minimum sum scheme and they justify like hell why they could not release our cpf money until we are half-dead or fark dead at 65 or 70 with one leg inside the coffin.Meantime,between 55 to 65,when u are sick,poor and jobless,they tell u not to look for them when u are in financial troubles,u die is your business,they say u are lazy and choosy,they say u are not better,faster and cheaper than foreign workers but the gist is that u die is your business and don't ever come bothering them with your financial problems as they are busy counting their gold bars or smiling at their monthly cpf statements.KNNCCB to the cho-bo-lan miw termites !!!

 

[TracyTan866]

All governments can boost GDP by building white elephants.

boosting GDP is one thing..but pegging their pay to GDP growth is evil...makes them like mercernaries

 

[TracyTan866]

Can see the miw termites fighting like hell to justify their sky-high salaries and bonuses and why they deserved to be paid sky-high slalries and bonuses.At the same time,they fight like hell to detain our cpf money by the evil changeable minimum sum scheme and they justify like hell why they could not release our cpf money until we are half-dead or fark dead at 65 or 70 with one leg inside the coffin.Meantime,between 55 to 65,when u are sick,poor and jobless,they tell u not to look for them when u are in financial troubles,u die is your business,they say u are lazy and choosy,they say u are not better,faster and cheaper than foreign workers but the gist is that u die is your business and don't ever come bothering them with your financial problems as they are busy counting their gold bars or smiling at their monthly cpf statements.KNNCCB to the cho-bo-lan miw termites !!!

you are wise!!! got to spread your wisdom to other singaporeans

 

[mojito]

boosting GDP is one thing..but pegging their pay to GDP growth is evil...makes them like mercernaries

Mercenaries? Ha!
You are missing the big picture, Tracy.

In a small economy, governments can boost GDP by spending on infrastructure.
Pegging pay to GDP is akin to rigging the game with a loaded die.

 

[TracyTan866]

Mercenaries? Ha!
You are missing the big picture, Tracy.

In a small economy, governments can boost GDP by spending on infrastructure.
Pegging pay to GDP is akin to rigging the game with a loaded die.

that's true...

 

[hairylee]

Many do not know about GDP Bonus until the recent salary review.

 

[TracyTan866]

Many do not know about GDP Bonus until the recent salary review.

do you agree with the pap that their performance bonus shd be pegged to GDP growth?

do you see how GDP growth can be manipulated to achieve high performance bonus?

 

[Thick Face Black Heart]

The pap pegs performance bonus of political appointees to SG's GDP growth. Regardless of GDP, they are paid minimum to one month's bonus. Take two Case scenarios:

You finally realized how some hedge funds con their clients. That is why most clients nowadays demand high water mark for hedge funds.

Unfortunately, 60.1% of singaporean voters still don't know how to use their ballot slips to force the PAP to obey high water mark rules.

 

[TracyTan866]

You finally realized how some hedge funds con their clients. That is why most clients nowadays demand high water mark for hedge funds.

Unfortunately, 60.1% of singaporean voters still don't know how to use their ballot slips to force the PAP to obey high water mark rules.

let us just continue to do our best to reach out to the 60%

 

[Thick Face Black Heart]

GDP growth is a just measure of the growth in total economic transactions of the country. It does not necessarily translate into a better standard of living for all.

Pegging political salaries to GDP growth is flawed in the first place because the job of a govt is not just to ensure growth in economic activities and also to take care of all facets of society.

 

[TracyTan866]

GDP growth is a just measure of the growth in total economic transactions of the country. It does not necessarily translate into a better standard of living for all.

Pegging political salaries to GDP growth is flawed in the first place because the job of a govt is not just to ensure growth in economic activities and also to take care of all facets of society.

fully agree with you! but why is the pap doing it ?

 

[GOD IS MY DOG]

come on lah............PAP can find whatever reason to increase pay and bonus lah...........so all talk about whether the reason is justified or not, no difference lah.........


as long as people still vote for PAP or maybe there's election fraud all along.............as long as PAP stay in power, they can even say that with more people having more pet hamsters and guinea pigs = more people richer = so more money for PAP ministers !

 

[Cruxx]

Why GDP growth can flatter to deceive:

[video=youtube;UPmo2e-bAMQ]https://www.youtube.com/watch?v=UPmo2e-bAMQ[/video]

 

[Thick Face Black Heart]

fully agree with you! but why is the pap doing it ?

I think you know why.

But let me offer an ans that may surprise you. Actually I got this idea from Fook Seng. It's not just personal greed, although I'm pretty sure personal greed plays a part.

The PAP elite wants to maintain a high executive compensation because they are drawing talent mainly from a diminishing pool of military personnel, civil servants, and top GLC directors/managers/partners.

Just imagine if a significant percentage of your talent scouting process is conducted in the top GLC circles. The only way you are going to convince them to join politics is to have a pay similar to theirs.

The PAP cannot attract good folk from all walks of life because many people can see through their bullshit and are too ashamed to be associated with them. Voting pattern is a different story. I'm talking about the creme of the crop in the professional industries like engineering, civil construction, etc. You think many of these people want to be associated openly or join PAP as ministers or MPs?