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Money vs Justice
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Originally posted by Jeff Maginty View PostSeems to me that in this country (& wider western-world) we've reached a stage where money is considered more important than justice.
Here are three examples of this that really stand out in the current economic climate...
1) Talk of "We must let bankers have their bonuses or they might leave and take their special skills with them"
2) Talk of "Anyone who criticises rewards-for-failure / fat-cats-huge-remuneration is anti-businsess / anti-capitalist"
3) Printing money to reward the reckless and punish the prudent
It's all very well trying to justify the status quo by claiming that things would be worse if we changed things, but two wrongs don't make a right.
Points 1) & 2) are easy to address... The game should have been over when the banks required bailing out. The then government should have insisted on controlling bankers pay as a mandatory condition of the bail-out.
Point 3) is harder to address. Maybe they could have still printed money but created an additional tax for anyone who is in debt and increased interest rates for savers.
Vested interests will always come up with some apparently clever/complex argument for why things should be allowed to continue (in their favour obviously), but sometimes it's necessary to just cut through all the bulltulip and say "No. That is wrong and it's an injustice. Things MUST change."
1. If bankers are being paid such huge bonuses then they are also paying half of this money in tax. The question is what is happening to that tax?
2. Why are bankers paid so much in the first place? Is there a lack of competition?
3. How do you cut bankers pay without cutting everyone who runs a sucessful business pay also?
It is my opinion that the private sector (and I dont mean banks) have done their bit in stumping up 50% of everything they earn. Why is it that the state cannot get even close to fulfilling its obligations. Which then begs the question that if bankers and the rest of the undeserving rich stump up say 90% of everything they earn will this mean that standards of public sector services will improve and that poverty will be eradicated?
I thought not.Let us not forget EU open doors immigration benefits IT contractors more than anyone -
It's all very well trying to justify the status quo by claiming that things would be worse if we changed things, but two wrongs don't make a right.
http://www.norges-bank.no/upload/imp...3/chapter1.pdf
In other cases, like energy, the govt could certainly afford to force a reduction in profits, they can't sell to UK citizens outside of the UK tax system. All the bonus furore aside, I think the transport and energy sectors have more imact on people.bloggoth
If everything isn't black and white, I say, 'Why the hell not?'
John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)Comment
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Originally posted by DodgyAgent View Post3. How do you cut bankers pay without cutting everyone who runs a sucessful business pay also?Comment
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Originally posted by Jeff Maginty View Post...
Have you considered starting a blog for such things?Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by TimberWolf View PostBankers have been successfulHard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostYes quite a few, perhaps even most. Although you'd have to look beyond the current propaganda
Anyone know what the balance sheet is for bwankers. And I don't mean the money they 'make' fleecing UK people and businesses, I mean net money in from abroad.Comment
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