Jealousy Day!

November 1 is “National Jealousy Day – in Finland!

It is the day in Finland when everyone and anyone can find out what you earned!

In most places, including the good old USA, money and what you take in each year is an intensely personal thing.  It is especially so in a country where what you rake in and what you’re are worth is wrapped up around your  self-image.

Few people are open with friends or even their own families about their paychecks.

In Finland however, what you earned is revealed for all to see each November 1.

Yikes.

While this orgy of financial voyeurism might raise eyebrows abroad, it is an important national event in Helsinki.  Finnish journalists pour through the data of the highest paid Finns and celebrities to see what each earned – and whether or not they paid their fair share of taxes.

The country’s most famous porn star for example, Anssi Viskari, earned 23,826 Euros from her porn clips.   Among the top earners this year, and indeed for several years now, are the founders of Supercell, a Finnish game developer; Ilka Paananen and Mikko Kodisoja earned the equivalent of about $74 million and $65 million, respectively.

For some of those who paid the most in taxes, there is a palpable sense of pride.   In 2014, Paananen said, “We’ve received so much help from (Finnish) society, it’s our turn to pay it back.”

Of course, there are ways for some of the richest to minimize their taxes and the Finnish data dows not capture everything,  For example, its not broken down into individual income items and doesn’t include most non-taxable income, but it is a good snapshot of income in the country of 5.5 million people.

Being able to find out people’s pay can serve a broader purpose.  For advocates of transparency, Finland’s openness is a good thing, allowing open and clear debate about earnings and helping screen out discrimination as well as denting the reputations of those seen not to be paying their fair share.

Finland has one of the lowest income inequality levels among the Organization for Economic Cooperation and Development countries. However, Finland still has a gender pay gap issue, with the average woman earning 16.5 percent less than the average man (the equivalent figure is 18.5 percent in the U.S).

Openness about how much tax people pay is not just a Finnish phenomenon. Sweden and Norway also publish citizens’ tax returns. In Sweden, you only have to pick up the phone to ask about someone else’s financial details, although the person you are snooping on will be informed. 

The policy could be seen as part of a broader push toward trust and transparency in these Nordic societies.  Trust (both in other people and in the system) is one of the reasons these countries are consistently ranked best in the world to live.

However, the benefits of this transparency are not clear-cut and there is a lack of data around its impact on equality. “Whether the publishing of tax lists has a positive or negative impact on the society is a controversial question,” says Kristiina Äimä, who specializes in tax law at the University of Helsinki. “Some people think that transparency promotes democracy in the society and some think that it violates the protection of privacy.”

Some critics point to the “jealousy” element of the disclosures and argue that knowing what others earn is more likely to tie happiness to income. A University of California study from 2011 found that, overall, there was a negative outcome from employees knowing co-workers’ salaries. Those earning less than the median pay reported lower job satisfaction and were more likely to want to find another role, while those earning above the median reported no effects. But there is other research that points to positive effects. A 2016 Cornell study, for example, found knowing what co-workers make can increase performance.

“It seems next to impossible to imagine this kind of transparency in the U.S., where a long debate still rages over whether President Donald Trump should make his tax returns public. He has consistently refused to release his returns despite a long precedent for presidents to do so.

Many public sector salaries are public. And there is movement in the corporate sector, with some U.S. companies adopting pay transparency policies.  These companies remain very much in the minority. A 2010 study by the Institute for Women’s Policy Research found that 25 percent of private companies in the U.S. prohibited staff from talking about salaries.”

There does seen however to be an increasing movement for more transparency at least at the corporate level.  Thousands of Google staff across international offices staged a mass walkout last Thursday.  Among their demands:  an end to pay inequality. “accompanied by transparent data on the gender, race and ethnicity compensation gap, across both level and years of industry experience, accessible to all.”

So folks, what do you think?

Want everyone to know what you are raking in if you could know what anyone else is making?  Want to know what they paid that whiz kid the company just hired or how much less you are being paid for doing the same work?  Want to know what the Koch brothers made and what they paid in taxes?  Or George Soros if you’re so inclined?

Or President Trump?

🙂

.

About toritto

I was born during year four of the reign of Emperor Tiberius Claudius on the outskirts of the empire in Brooklyn. I married my high school sweetheart, the girl I took to the prom and we were together for forty years until her passing in 2004. We had four kids together and buried two together. I had a successful career in Corporate America (never got rich but made a living) and traveled the world. I am currently retired in the Tampa Bay metro area and live alone. One of my daughters is close by and one within a morning’s drive. They call their pops everyday. I try to write poetry (not very well), and about family. Occasionally I will try a historical piece relating to politics. :-)
This entry was posted in Uncategorized. Bookmark the permalink.

4 Responses to Jealousy Day!

  1. Laughing! We can’t even get our prez to show us his tax returns.

    Liked by 1 person

  2. beetleypete says:

    When my wife worked for one of our biggest banks, discussing her salary was forbidden, and could have got her fired. When her manager discovered my wife was earning more than her, she became incensed, and subjected her to months of bullying and pressure. Her main focus was on the high salary, and she would always say “I expect more from you, as you get paid more than I do”. That led to Julie taking lots of time off sick, becoming depressed, and eventually accepting a redundancy deal.
    So knowing what others earn may not always lead to a positive or healthy working environment in every case. But I do of course get your point. 🙂
    Best wishes, Pete.

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.