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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 411.49+0.6%Jan 8 4:00 PM EST

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To: TobagoJack who wrote (53463)8/11/2009 10:38:05 PM
From: Taikun3 Recommendations  Read Replies (2) of 219163
 
You could replace 'finance' with 'government' for almost all of that article

Here in Canada several years back we were entertained by an insight into the secret lives of swivel servants, those people who run government and see elections and the newly appointed Minsters as minor distractions-at the very most. The newspaper had the sheeple of Canada riveted to the story, I remember it pretty well I think

The swivels at Ministry of Finance here in Canada had set up a special tax efficient retirement account strategy only for the swivels, and Canada's Federal tax agency, CRA, hadn't yet approved it. CRA exhibited their displeasure, challenged the tax efficient structure, and the swivels who had already availed themselves of the services of the strategy actually had to appear in court to defend their ignorance. So the press reported on mid six figure earning swivels, working 4 days a week, tons of sick days, and then we got the icing on the cake (for the swivels, not the taxpayers). A swivel couple, working 4 days a week for 8 months a year was hauling in big dollars (over half a mill for the two swivels a lot 10 yrs back)

"Each summer, for four months, they are in the Mediterranean aboard the couple's yacht, with full salary".
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