Corona pay cut

NZ PM has done an admirable job.

However, a 20% pay cut for 6 months (so, 10% for the year) is hardly an item to top our news feeds.

For the year she will miss out on about $50K of her usual $450K salary.

Sorry (and she’s great ... just don’t expect perfection) this one fails my idea of the pub test.

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Pollies taking a pay cut would merely be symbolic, it will hardly make any difference to the countries financial position. Personally I have better things to worry about. A backbencher on about $200k a year taking a 20% cut would reduce their salary to $160K but it would alse reduce their tax liability by about $18k therefore a net reduction of about $22k.

ps please don't castigate me over the figures, they are meant to be illustrative rather than accurate.

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