Simple Mathematics - Part 2 of 2

We all know that the current MB of Selangor (Khalid Ibrahim from PKR) declared his monthly salary as RM50,000+.  This figure is inclusive of entertainment allowance etc.

Assuming Khalid's gross monthly salary (everything included) is RM55,000.

For simplicity sake, let us assume that EPF deduction is 11% and tax/zakat deduction is 27%.

On a RM55,000 salary, RM6,050 per month would be deducted as EPF contribution.  

Applying a 27% deduction for taxes/zakat on the balance RM48,950 would mean a take-home pay of RM35,733.50.

Assuming that all Khalid and his family needs are taken care off by the State Government, he could theoretically save RM35,733.50 per month.  

This effectively means Khalid would not have any pocket money, his wife would not be given any cash for whatever she needs or wants to buy.  His children would also not be given any pocket money.  All household expenses would be borne by the State Government.  His personal cars would not be refuelled and remained parked at home. 

Assuming Khalid wants to build a RM14 million home when he retires from politics, he would need to  save RM35,733.50 per month for 391.79 months!  That would roughly be 32.65 years!

If Khalid is shrewed enough, he would invest to get dividend income.  Assuming this is done, Khalid would still need more than 25 years to amass such amount.  When the time do come, the RM14 million home now would probably cost RM35 million then (32 years from now!).

So by simple logic (though flawed), there is no way politicians to amass such wealth  unless:

(1) their monthly salary is, say, at least RM200,000 and they are entitled to huge yearly bonuses;

(2) they are involved in business; or

(3) they abuse their power and positions!

We know for a fact that:

(1) the Government does not pay RM200,000 per month to a Menteri Besar (MB);

(2) politicians holding public office (MBs included) are not allowed to be involved in business; and

(3) the only way to amass such wealth is through abuse of power and position!

Unless of course there are exceptions to the rule when certain personalities or positions are involved, it is quite difficult to comprehend answers from these politicians.

The only other exception is if the person is already a multi-millionaire well before entering politics.  Then there are valid grounds to think otherwise.

But then again, we the rakyat, the voters are fools... Are we not?