Posted by alexandra_k on December 3, 2020, at 0:25:09
In reply to Re: question for ert, posted by alexandra_k on December 2, 2020, at 23:30:42
The Harvard Interview with Jacinda Arden was kind of illustrative.
We have a democracy that is very much mob-rule.
Our elites don't believe they are elite - they genuinely believe they are regular working class people.
They see things that people have overseas and they mis-understand.
They don't understand how the money goes around.
For example, the reason why Medical Doctors are paid so much in the US is because Medical Student Loans are so high. So most of the money paid from the University HOspital Teaching Complex to the Doctor is Salary goes back to some University HOspital Teaching Complex or other in the form of Loan Repayments. Also in the form of housing... Often... Suitable housing in the vicinity... So stuff about how money flows through you appropriately or whatever...
But people in NZ don't understand that. So, the Vice Chancellor doesn't get half a million each year because most of that goes back to the University for paying for her housing or goes back to the University (some University or other) to pay back for her student loan or goes back to the University (some University or other) to pay back for her kids loan or save for her kids education... Instead... It's a bunch of free money.
What does she spend it on?
Where does it go?It's a problem...
Vice Chancellor Scholarships -- right? For teh best and brightest kids who are poor?
Silly girl -- that's not taking from the rich and giving to the poor (that's not using the financial skills of the rich to help the poor develop). That's not in the spirit of equity! NOt in the spirit at all!
NZ has no idea.
poster:alexandra_k
thread:1112732
URL: http://www.dr-bob.org/babble/admin/20191229/msgs/1112753.html