Everybody out.....

[Joensuu]

New Labour were not Socialist.

 

 

It's annoying isn't it. I guess he only does it to provoke. New Labour were/are a right of centre party. If anything they were far too Tory.

[solentstars]

Whem you allow Socialists in for 13 years you are always going to end up with a ruined economy and a mountain of debt, because the whole Socialist philosophy is a failed philosophy.

 

so the thatcher government was socialist then you always amaze me

[solentstars]

It's annoying isn't it. I guess he only does it to provoke. New Labour were/are a right of centre party. If anything they were far too Tory.

 

i agree in fact cameron seems left wing compared to the present day labour party

[thefunkygibbons]

Except the bit about Ireland, which is complete nonsense.

 

Really?

 

Have you heard who much of a haircut most Irish public servants have taken?

[Thorpe-le-Saint]

Really?

 

Have you heard who much of a haircut most Irish public servants have taken?

 

Did they go for a Grade 2?

 

His missus is an Irish public servant, so I guess he does know!

 

Keir Hardie a Labour MP in 1912 said "Use the wealth of the nation for the benefit of its people." We could easily pay back the defecit and keep the investment in the public sector (therefore keeping all sides happy) if we took to task those Canary Wharf fat cats.

Edited 14 September, 2010 by Thorpe-le-Saint

[Johnny Bognor]

It's annoying isn't it. I guess he only does it to provoke. New Labour were/are a right of centre party. If anything they were far too Tory.

 

Dune kind of has a point.

 

Although New Labour did not turn out to be socialist, they were voted in by the socialist voters and supported by the socialist voters. Therefore, as so many socialists voted for them, they were the representatives of the socialists in the country........

 

....... which is why I don't understand why the socialists still love and support them when they were seriously bum ****ed by them.

[JackanorySFC]

Did they go for a Grade 2?

 

His missus is an Irish public servant, so I guess he does know!

 

Keir Hardie a Labour MP in 1912 said "Use the wealth of the nation for the benefit of its people." We could easily pay back the defecit and keep the investment in the public sector (therefore keeping all sides happy) if we took to task those Canary Wharf fat cats.

 

How mny of these "fat cats" do you know? If your talking bout the handful of CEO's of RBS, N Rock etc fair enough - however if your talking about loadsa money bankers then I'd love to know if you personally know any as it seems you don't. I've got a good mate who grew up in Hedge End, left Wildern with a few GCSE's, dropped out of Barton Pev after a year and in Jnuary will pick up another £250k plus bonus working for JP Morgan - fair play to him! He makes his company and clients huge profits (if he and his colleagues didn't he and his colleagues would get sacked - simple).

 

Thanks to people like him paying £125k+ in tax on that bonus (on top of god knows how much on his salary) as well as spending the remainder on a car, his au pair, restaurants, shops, bars, stuff for his kids, holidays etc he single handidly keeps about 4 teachers in their jobs + pays the wages of bar staff, waiters, salesmen, travel agents etc. Again - fair play to him!

 

However, you could have your way and sqeeze him with tax so much he goes to Switzerland, HK, Germany or the states and pays their teachers, waiters, bar staff etc.

 

The amount of jealousy from some people in this country towards successful people makes me sick - dress it up how you like but it's jealousy, pure and simple - and he got it my havings the balls to move to London at 17 with hardly any qualifications work long days, do his finance exams on the job and with a bit of luck - and still long hrs (he works the asian markets at 6am and finishes with the US at 9pm - not including his commute from Weybridge) he earns huge dough, has the car, holidays, clothes, huge house etc that people are envious of.

 

Yeah, push these people out of the country eh - who needs aspiration!

[JRM]

i think they should put Cortese in charge of the treasury.

 

Add on fees for people who don't put their rubbish / recycling in the right coloured wheelie bins.

 

charge tourists for taking pictures while sightseeing etc etc

 

we would soon pay off the deficit

[JRM]

How mny of these "fat cats" do you know? If your talking bout the handful of CEO's of RBS, N Rock etc fair enough - however if your talking about loadsa money bankers then I'd love to know if you personally know any as it seems you don't. I've got a good mate who grew up in Hedge End, left Wildern with a few GCSE's, dropped out of Barton Pev after a year and in Jnuary will pick up another £250k plus bonus working for JP Morgan - fair play to him! He makes his company and clients huge profits (if he and his colleagues didn't he and his colleagues would get sacked - simple).

 

Thanks to people like him paying £125k+ in tax on that bonus (on top of god knows how much on his salary) as well as spending the remainder on a car, his au pair, restaurants, shops, bars, stuff for his kids, holidays etc he single handidly keeps about 4 teachers in their jobs + pays the wages of bar staff, waiters, salesmen, travel agents etc. Again - fair play to him!

 

However, you could have your way and sqeeze him with tax so much he goes to Switzerland, HK, Germany or the states and pays their teachers, waiters, bar staff etc.

 

The amount of jealousy from some people in this country towards successful people makes me sick - dress it up how you like but it's jealousy, pure and simple - and he got it my havings the balls to move to London at 17 with hardly any qualifications work long days, do his finance exams on the job and with a bit of luck - and still long hrs (he works the asian markets at 6am and finishes with the US at 9pm - not including his commute from Weybridge) he earns huge dough, has the car, holidays, clothes, huge house etc that people are envious of.

 

Yeah, push these people out of the country eh - who needs aspiration!

 

 

Cannot argue with that, very well put.

[View From The Top]

How mny of these "fat cats" do you know? If your talking bout the handful of CEO's of RBS, N Rock etc fair enough - however if your talking about loadsa money bankers then I'd love to know if you personally know any as it seems you don't. I've got a good mate who grew up in Hedge End, left Wildern with a few GCSE's, dropped out of Barton Pev after a year and in Jnuary will pick up another £250k plus bonus working for JP Morgan - fair play to him! He makes his company and clients huge profits (if he and his colleagues didn't he and his colleagues would get sacked - simple).

 

Thanks to people like him paying £125k+ in tax on that bonus (on top of god knows how much on his salary) as well as spending the remainder on a car, his au pair, restaurants, shops, bars, stuff for his kids, holidays etc he single handidly keeps about 4 teachers in their jobs + pays the wages of bar staff, waiters, salesmen, travel agents etc. Again - fair play to him!

 

However, you could have your way and sqeeze him with tax so much he goes to Switzerland, HK, Germany or the states and pays their teachers, waiters, bar staff etc.

 

The amount of jealousy from some people in this country towards successful people makes me sick - dress it up how you like but it's jealousy, pure and simple - and he got it my havings the balls to move to London at 17 with hardly any qualifications work long days, do his finance exams on the job and with a bit of luck - and still long hrs (he works the asian markets at 6am and finishes with the US at 9pm - not including his commute from Weybridge) he earns huge dough, has the car, holidays, clothes, huge house etc that people are envious of.

 

Yeah, push these people out of the country eh - who needs aspiration!

 

 

If earning loads of dosh is your only aim in life then I genuinly pity you (not you personally) but that's what drives you, fair enough.

 

My best mate, who works for Bank of New York (in the UK) earns 10x my salary and he started off low down and luck and graft got him where he is. Am I jealous of him? No. Would I want his long hours in London, nights away from the kids and a rather odd peer system? No.

 

Do I think he should be taxed heavily? 'kin right I do.

 

Do I think he contributes anything to society? Do I fook, and, to be fair to him, nor does he.

[JRM]

Do I think he should be taxed heavily? 'kin right I do.

 

Do I think he contributes anything to society? Do I fook, and, to be fair to him, nor does he.

 

 

so those thousands and thousands of pounds of tax he pays every year which subsides the rest of society is not contributing?

[JackanorySFC]

If earning loads of dosh is your only aim in life then I genuinly pity you (not you personally) but that's what drives you, fair enough.

 

My best mate, who works for Bank of New York (in the UK) earns 10x my salary and he started off low down and luck and graft got him where he is. Am I jealous of him? No. Would I want his long hours in London, nights away from the kids and a rather odd peer system? No.

 

Do I think he should be taxed heavily? 'kin right I do.

 

Do I think he contributes anything to society? Do I fook, and, to be fair to him, nor does he.

 

 

Sounds like we agree on most areas - I probably wouldn't swap with him, like your pal he does crazy hours (as does his missus, hence the au pair - which is a sad state of affairs imo) - however we disagree in I think 50% is more than enough tax to pay (as I've detailed - without this 4 teachers would be out of work from his bonus alone) and any more he'll move abroad (and if enough of his colleagues feel the same so will his company). I'm the son of a teacher so aware and appreciative of the hard and important work they do but also aware and appreciative of the fact they wouldn't get paid to be teachers without the taxes from wealthy aspirational individuals such as Hedge Fund Managers.

 

I just find it a **** take so many people caining "bankers" and make it sound like they have it easy when in fact they work seriously hard earning massive money by being profitable (if they wern't they'd get sacked) and paying tax on a heavy basis.

[solentstars]

Do I think he should be taxed heavily? 'kin right I do.

 

Do I think he contributes anything to society? Do I fook, and, to be fair to him, nor does he.

 

 

so those thousands and thousands of pounds of tax he pays every year which subsides the rest of society is not contributing?

 

i agree its not like hes in the army or a nurse or doctor and do,s not manufacture anything but we got to feel sorry for a guy who earns 125 k ha ha,i guess its a wind up .i,ve earned good money and payed my taxs but i do not whine or go for tax avoidance.

Edited 14 September, 2010 by solentstars

[Trader]

How mny of these "fat cats" do you know? If your talking bout the handful of CEO's of RBS, N Rock etc fair enough - however if your talking about loadsa money bankers then I'd love to know if you personally know any as it seems you don't. I've got a good mate who grew up in Hedge End, left Wildern with a few GCSE's, dropped out of Barton Pev after a year and in Jnuary will pick up another £250k plus bonus working for JP Morgan - fair play to him! He makes his company and clients huge profits (if he and his colleagues didn't he and his colleagues would get sacked - simple).

 

Thanks to people like him paying £125k+ in tax on that bonus (on top of god knows how much on his salary) as well as spending the remainder on a car, his au pair, restaurants, shops, bars, stuff for his kids, holidays etc he single handidly keeps about 4 teachers in their jobs + pays the wages of bar staff, waiters, salesmen, travel agents etc. Again - fair play to him!

 

However, you could have your way and sqeeze him with tax so much he goes to Switzerland, HK, Germany or the states and pays their teachers, waiters, bar staff etc.

 

The amount of jealousy from some people in this country towards successful people makes me sick - dress it up how you like but it's jealousy, pure and simple - and he got it my havings the balls to move to London at 17 with hardly any qualifications work long days, do his finance exams on the job and with a bit of luck - and still long hrs (he works the asian markets at 6am and finishes with the US at 9pm - not including his commute from Weybridge) he earns huge dough, has the car, holidays, clothes, huge house etc that people are envious of.

 

Yeah, push these people out of the country eh - who needs aspiration!

 

Unfortunately JP Morgan were one on those megalithic Wall Street banks that got us into this f*ucking mess in the first place.

 

Does your mate give a sh*t?

 

I suspect not.

[aintforever]

so those thousands and thousands of pounds of tax he pays every year which subsides the rest of society is not contributing?

 

To be fair, he has taken thousands and thousands of pounds out of society so it's only fair he gives some back. It's not money he has created out of thin air - it's all taken (rather cleverly) from other people.

 

It's society that's ****ed up when a banker (who works no harder than the average nurse or policeman) can earn hundreds of times more, just because his company has devised a way of creaming millions of everyone.

[Thorpe-le-Saint]

How mny of these "fat cats" do you know? If your talking bout the handful of CEO's of RBS, N Rock etc fair enough - however if your talking about loadsa money bankers then I'd love to know if you personally know any as it seems you don't. I've got a good mate who grew up in Hedge End, left Wildern with a few GCSE's, dropped out of Barton Pev after a year and in Jnuary will pick up another £250k plus bonus working for JP Morgan - fair play to him! He makes his company and clients huge profits (if he and his colleagues didn't he and his colleagues would get sacked - simple).

 

Thanks to people like him paying £125k+ in tax on that bonus (on top of god knows how much on his salary) as well as spending the remainder on a car, his au pair, restaurants, shops, bars, stuff for his kids, holidays etc he single handidly keeps about 4 teachers in their jobs + pays the wages of bar staff, waiters, salesmen, travel agents etc. Again - fair play to him!

 

However, you could have your way and sqeeze him with tax so much he goes to Switzerland, HK, Germany or the states and pays their teachers, waiters, bar staff etc.

 

The amount of jealousy from some people in this country towards successful people makes me sick - dress it up how you like but it's jealousy, pure and simple - and he got it my havings the balls to move to London at 17 with hardly any qualifications work long days, do his finance exams on the job and with a bit of luck - and still long hrs (he works the asian markets at 6am and finishes with the US at 9pm - not including his commute from Weybridge) he earns huge dough, has the car, holidays, clothes, huge house etc that people are envious of.

 

Yeah, push these people out of the country eh - who needs aspiration!

 

While I can appreciate his undoubted hard work, and as you say, fair play to the guy, you will never make me feel sorry for a person earning that much money. I should certainly hope he does work hard for that wage! There are many people who work harder than him and don't get paid a 'deserving wage' (and I'm not so egotistical to include myself in that statement). Regardless, this wasn't the point I was attempting to make. As I said, I have no problem with your mate and his basic salary in theory, but does he need that bonus? Does he heck. In these times of economic hardship, (for everyone apparently!) when EVERYONE is suffering these bonuses should be taken as tax by the government on the company. Once stability returns, bonuses can be brought back.

 

Also, please don't insult me by implying that I am jealous of people that work in the City. While I'm sure everyone would like their money, 'making money' is not in my make-up. I'm doing the job I want to do and am perfectly happy. It's in the interests of fairness that the banking sector forks out their share. Two places they can start is bonuses and the outlandish wages paid to CEOs and their ilk.

[Jonnyboy]

To be fair, he has taken thousands and thousands of pounds out of society so it's only fair he gives some back. It's not money he has created out of thin air - it's all taken (rather cleverly) from other people.

 

It's society that's ****ed up when a banker (who works no harder than the average nurse or policeman) can earn hundreds of times more, just because his company has devised a way of creaming millions of everyone.

 

exactly, its not a proper job, just very clever people who have system for keeping poor countries poor and creaming profits off for themselves

[scotty]

The more privatisations the better.

 

imho, the only privatisation during the initial wave under Thatcher resulting in a better level of service to the consumer was British Telecom. Public transport is now an utter farce, and before everyone piles in to say how awful it was anyway, when it was run as a public service you could stand at a bus stop on a fairly busy route and expect a bus at regular intervals; I was brought up in Baddesley, and if we wanted to go into Soton centre or Romsey the buses ran every 20 - 30 mins. Nowadays its only a few a day. And the trains were sh*te, but at least affordable, its far cheaper now to drive my own car to central london and back than buy one return train ticket from Soton, wtf is that all about?? and theyre still sh*te anyway, youre just as likely to have to stand.

[bridge too far]

exactly, its not a proper job, just very clever people who have system for keeping poor countries poor and creaming profits off for themselves

 

One of the unfortunate side-effects of bankers' bonuses is the distortion of the property market, firstly in London and then leading to a trickle-down effect in the rest of the South East and ultimately the rest of the country.

 

No wonder the younger generation has problems getting on the property ladder.h

[Thorpe-le-Saint]

imho, the only privatisation during the initial wave under Thatcher resulting in a better level of service to the consumer was British Telecom. Public transport is now an utter farce, and before everyone piles in to say how awful it was anyway, when it was run as a public service you could stand at a bus stop on a fairly busy route and expect a bus at regular intervals; I was brought up in Baddesley, and if we wanted to go into Soton centre or Romsey the buses ran every 20 - 30 mins. Nowadays its only a few a day. And the trains were sh*te, but at least affordable, its far cheaper now to drive my own car to central london and back than buy one return train ticket from Soton, wtf is that all about?? and theyre still sh*te anyway, youre just as likely to have to stand.

 

How dare you present dune with facts, hang your head in shame sir!

[scotty]

How dare you present dune with facts, hang your head in shame sir!

 

lol, Dune is ok imo, but clearly misguided on this particular issue

[Chin Strain]

Err the country's debt, I think you'll find, brought about to a great degree by irresponsible bankers and other financial institutions.

 

Many respected economists are of the opinion that it is best to spend (and certainly not cut) our way to recovery. I'm inclined to support this view.

 

I wondered how long it would take for someone to trot out that line. Can you define the populist term 'Greedy Banker' please?

 

Tell me, ever consider that there are irresponsible consumers? Greedy consumers trying to live life on the never never, happy to take a punt on that 'investment property' 2 bed flat in Ocean Village for £300k because it'll go up in value and they'll make a killing. Suddenly it's not so funny when (surprise, surprise) you can't get £2k a month rent, and it's only worth £750. Oops.

 

Sure, banks were lending too much......but maybe consumers were borrowing too much. Nobody makes people buy a 42" telly, new car, 2nd home etc, etc. People don't have to 'keep up with the Jones's'. Personal responsibility.

 

That is all.

[Chin Strain]

Labour created 850k new public sector jobs (a total of about 6.1m). The government can't afford them, so some jobs have to be lost. Interesting that similar jobs pay 7% better in the public sector (a gap that has doubled since the recession began). I get the feeling that those in the public sector think that there jobs should be safeguarded at the expense of those in the private sector. And then you have the pensions.................................!!!!!!!

 

And as soon as a Union leader starts talking about bankers taking millions home, then you really know that he has an agenda or is stupid or both.

Stupid generally

[Chin Strain]

Ah yes, the same Ireland that recently had their credit rating downgraded, despite said cost-cutting measures. Mmm, hasn't worked out too well for them.

Are you Peter Storrie or Andronikou?

[Chin Strain]

exactly, its not a proper job, just very clever people who have system for keeping poor countries poor and creaming profits off for themselves

Mate, you really are some kind of idiot trotting out that line. What do you define as a proper job, and explain why a bank worker (or however you care to define 'greedy banker') doesn't do a proper job. I'm guessing that you actually know jack **** about the industry.

[Chin Strain]

To be fair, he has taken thousands and thousands of pounds out of society so it's only fair he gives some back. It's not money he has created out of thin air - it's all taken (rather cleverly) from other people.

 

It's society that's ****ed up when a banker (anyone) (who works no harder than the average nurse or policeman) can earn hundreds of times more, just because his company has devised a way of creaming millions of everyone.

 

That's such a crap line, so I've corrected it for you. For banker (whatever you care to define that as), read racing driver, footballer, cricketer, architect, author, or anyone else that gets paid a lot more than a nurse or policeman. You can't benchmark everyone against nurses and policeman - where do you stop? Do we make nurses and policeman the highest paid people in the country?

[Thorpe-le-Saint]

That's such a crap line, so I've corrected it for you. For banker (whatever you care to define that as), read racing driver, footballer, cricketer, architect, author, or anyone else that gets paid a lot more than a nurse or policeman. You can't benchmark everyone against nurses and policeman - where do you stop? Do we make nurses and policeman the highest paid people in the country?

 

They do do the most important jobs, along with the forces...What do YOU judge as an 'important' job?

[Jonnyboy]

Mate, you really are some kind of idiot trotting out that line. What do you define as a proper job, and explain why a bank worker (or however you care to define 'greedy banker') doesn't do a proper job. I'm guessing that you actually know jack **** about the industry.

 

I can work really really really hard all day scratching my arse from 6am to 9pm 7 days a week, it doesnt make it a proper job

[Jonnyboy]

Mate, you really are some kind of idiot trotting out that line. What do you define as a proper job, and explain why a bank worker (or however you care to define 'greedy banker') doesn't do a proper job. I'm guessing that you actually know jack **** about the industry.

 

a proper job is one that contributes SOMETHING to society other than a cut of their tax

[Thedelldays]

They do do the most important jobs, along with the forces...What do YOU judge as an 'important' job?

 

if you took the money makers out of the country...where does the money come from..?

[Redondo Saint]

They do do the most important jobs, along with the forces...What do YOU judge as an 'important' job?

 

Perhaps every one should get paid exactly the same. Every should get a free state apartment. Every one should dress the same.

Every one should think the same.

 

Ask the Chinese and North Koreans what that is like?

[Thorpe-le-Saint]

Perhaps every one should get paid exactly the same. Every should get a free state apartment. Every one should dress the same.

Every one should think the same.

 

Ask the Chinese and North Koreans what that is like?

 

Perhaps everyone should try and screw over everybody else, we should say '**** the poor, lets keep them there, I'm fine in my 3 storey town house', the essential things in life should be reserved solely for those who can afford to pay them...

 

Two can play your very simply game Redondo.

[cryoman1965]

Its an interesting question....I am inclined to side with unions now. I would have nationalised the banks when they got in trouble, I am not sure why this was not done. Are tha bankers who are responsible in a large part for the mess we are all in suffering. Do they continue to receive bonuses? I do believe they do.

 

Some one has to fight for the rights of ordinary people.

 

Sorry to say it but capitalism is cruel there has to be something that controls that cruelty, the law doesn't its been relaxed to make unions less effective, MPs don't, who else is going to do it? I see fundamental problems with society coming our way.

 

Sums it up for me. They are an easy target for the government. Give it 6 mths and people will be on here moaning about social services that have been removed and how unfair it is.

[Chin Strain]

a proper job is one that contributes SOMETHING to society other than a cut of their tax

 

Complete tosh. I think you'll find that without banks your pension fund would look considerably poorer - do you seriously think there's no place for investments in this world? Where do you think the money comes for your mortgage?

[aintforever]

That's such a crap line, so I've corrected it for you. For banker (whatever you care to define that as), read racing driver, footballer, cricketer, architect, author, or anyone else that gets paid a lot more than a nurse or policeman. You can't benchmark everyone against nurses and policeman - where do you stop? Do we make nurses and policeman the highest paid people in the country?

 

No, just help redress the balance so that people who do vital jobs, and contribute something to society other than their tax, get paid a fairer salary in comparison to the people who are just good at grabbing as much money for themselves as possible.

[Chin Strain]

I can work really really really hard all day scratching my arse from 6am to 9pm 7 days a week, it doesnt make it a proper job

 

Confirmed. You know Jack **** about the industry.

[Chin Strain]

They do do the most important jobs, along with the forces...What do YOU judge as an 'important' job?

 

Like I say, easy to say nurses, doctors, policeman, fireman, armed forces do proper jobs and are the most important. Sure they do. I agree - it is an important job. So, in your world, do you make them the highest earners? That was the question. What about footballers who work 5 minutes a day for £75k a week?

 

The point is lots of people contribute to society in one way or another doing important jobs.

[CB Saint]

a proper job is one that contributes SOMETHING to society other than a cut of their tax

 

This is a good one

 

On this basis the folowing aren't proper jobs - driving instructor, air stewardess (for FF), chefs, waiters, bar staff, gardeners, engineers, architects (unless they are designing school and hospitals) in fact anyone who works for a "for profit" company.

 

Or you could be taking the P***

[Chin Strain]

No, just help redress the balance so that people who do vital jobs, and contribute something to society other than their tax, get paid a fairer salary in comparison to the people who are just good at grabbing as much money for themselves as possible.

 

They can't redress the balance without these so called greedy bankers (please define what you mean by this term) or any other person that earns a huge wedge of money - because they're paid for by tax payers. 20% of the population pays 80% of the tax. Whether you like it or not, banking is a uk industry. It's one of the biggest employers in the country. If the banks go overseas,who will fill the void in the tax paid?

 

There are people in lots of industries that earn lots of money. the term greedy 'Bankers' is a populist term that nobody seems to be able to define. There are more greedy footballers and greedy politicians than there are greedy bankers. Hell,there are more greedy consumers!

[Chin Strain]

This is a good one

 

On this basis the folowing aren't proper jobs - driving instructor, air stewardess (for FF), chefs, waiters, bar staff, gardeners, engineers, architects (unless they are designing school and hospitals) in fact anyone who works for a "for profit" company.

 

Or you could be taking the P***

 

That would seem to be the long and short of it.

[aintforever]

The point is lots of people contribute to society in one way or another doing important jobs.

 

Everyone who works contributes something to society in some way or another, it's just the value of the contribution compared to the rewards that is ****ed up.

[Thorpe-le-Saint]

Like I say, easy to say nurses, doctors, policeman, fireman, armed forces do proper jobs and are the most important. Sure they do. I agree - it is an important job. So, in your world, do you make them the highest earners? That was the question. What about footballers who work 5 minutes a day for £75k a week?

 

The point is lots of people contribute to society in one way or another doing important jobs.

 

Footballers wages are a national disgrace in my opinion, and there should be a 60% tax band for the amount they earn!

 

It's the same argument that you have for high banker wages: you want the best so you pay the most right? So if we want outstanding nurses and new Maths/science teachers etc surely these wages need to be brought up to an 'executive' level sooner?

[Chin Strain]

Everyone who works contributes something to society in some way or another, it's just the value of the contribution compared to the rewards that is ****ed up.

 

That's the point though. Someone gets a £250k bonus. The tax on that pays for 5 nurses or 2 doctors or 4 fireman for a year. Call that ****ed up if you like but it's reality. Sure, bin the bonus culture...who's going to pay for the 5 nurses or 2 doctors or 4 fireman for the year. Reality.

[Chin Strain]

Footballers wages are a national disgrace in my opinion, and there should be a 60% tax band for the amount they earn!

 

It's the same argument that you have for high banker wages: you want the best so you pay the most right? So if we want outstanding nurses and new Maths/science teachers etc surely these wages need to be brought up to an 'executive' level sooner?

 

I can see your point.....but then the footballers sod off to Spain, and the bankers (or any other high earner) sod off to Switzerland. So, you get 60% tax of nothing. It's a fine line, and whether you like it or not, this country needs the banking industry to be a success.

 

Oh, and by the way, the UK taxpayer only bailed out some very poorly run banks. Well run banks didn't need assistance.

Edited 14 September, 2010 by Chin Strain

[View From The Top]

if you took the money makers out of the country...where does the money come from..?

 

We used to have something called industry but we destroyed it and hoped that The City would replace it.

 

That worked so well that all poitical parties are desperate to rebalance the economy.

[bridge too far]

That's the point though. Someone gets a £250k bonus. The tax on that pays for 5 nurses or 2 doctors or 4 fireman for a year. Call that ****ed up if you like but it's reality. Sure, bin the bonus culture...who's going to pay for the 5 nurses or 2 doctors or 4 fireman for the year. Reality.

 

The value isn't necessarily measured in monentary terms though. I would argue that a teacher / doctor / nurse / carer for a disabled person makes an equal contribution to society to a banker etc. Some would say more of a contribution but I do recognise that, in this bruised and battered capitalist model, we need bankers.

 

They just don't need to earn so much.

 

But I guess it depends on where an individual's values lie. Money isn't everything to me - but it is to some.

[aintforever]

That's the point though. Someone gets a £250k bonus. The tax on that pays for 5 nurses or 2 doctors or 4 fireman for a year. Call that ****ed up if you like but it's reality. Sure, bin the bonus culture...who's going to pay for the 5 nurses or 2 doctors or 4 fireman for the year. Reality.

 

All the money they have made has been taken out of society by them anyway so it's only fair they give a percentage back.

[Chin Strain]

We used to have something called industry but we destroyed it and hoped that The City would replace it.

 

That worked so well that all poitical parties are desperate to rebalance the economy.

 

Aren't manufacturing companies bowing to ever increasing competition and demand from consumers to pay less and less for their goods though? Doesn't that drive manufacturers to find cheaper ways of doing it....and the highest overhead of a company is it's workforce, so they find a workforce who will do it for less (India, China etc). Ultimately consumer is king, and I'm not sure manufacturing would ever have lasted long in this country in the modern world of consumerism.

[Chin Strain]

The value isn't necessarily measured in monentary terms though. I would argue that a teacher / doctor / nurse / carer for a disabled person makes an equal contribution to society to a banker etc. Some would say more of a contribution but I do recognise that, in this bruised and battered capitalist model, we need bankers.

 

They just don't need to earn so much.

 

But I guess it depends on where an individual's values lie. Money isn't everything to me - but it is to some.

 

We need wealthy individuals who may be, but probably aren't, bankers. Everyone's driven differently - we need different types of people. Many people do fantastic charitable work....I know a very senior banker who does....but he's a greedy banker.

[Chin Strain]

All the money they have made has been taken out of society by them anyway so it's only fair they give a percentage back.

 

50% tax.