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Well done all lol.
How's life on permanent side of life g_angel ?
bit different when the company is in administration though because other than the basic salary, bonuses come way behind creditors who are owed money..... should be investigated into how the administrators allowed these bonuses when the company owes money
But 40% of a 7 figure sum, is way way more than 20% of someones salary who earns a lower amount. So you could argue they are getting taxed way more than the usual average joe anyway.
And thats aside from the tax revenue that the City brings in.
Not quite got there yet I'm clinging onto my contractor rates as long as possible (and hitting the overtime too), but it's going to happen within the next month or two... I'm just not pressuring them into sorting it as we're so busy, it keeps slipping under the radar.
At the same time, the downside to this is missing out on longer term rewards as we have a lot of high value deals going through, which means the share price is going up a lot, and so when I get my stock, I will get fewer shares than if I'd have joined a bit ago (you get 50% of your agreed salary in shares). Shares don't pay the bills though (or pay for anything saucy I might fancy right now haha).
I can see a Porsche 911 on the horizon though ... or perhaps I will just pay off a huge chunk of my mortgage like a good little boy - which I really should do, but it's just not as fun :grump: .
But they are also pretty much the best driver's car out there, which is where I am coming from. I don't care about the image in the slightest (or what people think), I care about the experience, MY experience. I want something that makes me tingle, not something that makes other people go "ooooo".
... and the waiting list for the Nissan GTR or Audi R8 is far too long, unfortunately These two would be top of the list, but I am not willing to pay a large premium to jump the waiting list to get one.
My last car was a Nissan 350Z. Some people were like "Oh, but it's a Nissan...", which just didn't bother me in the slightest. Well, they said that after seeing it, going "Wow! That looks superb!" and then me telling them what it was as they didn't have a clue. Since it was launched, it has ruled the roost in it's class as being the best driver's car. Just happens to be quite rare and look fantastic at the same time... I bought it because of the way it drives. Just superb. Some fuckwit crashed into me on the motorway (well, there were nine cars involved) and I was given an Audi TT 3.2 DSG Roadster as a hire car for a month. Utter, utter piece of crap to drive. Wooden, no feel, no sensory experience. So many people were like "OMG, you've got a TT!? WOOOOW!!" but I couldn't wait to get shut of the thing and get my Zed back. Just in a different league.
Mercedes = not classy at all, IMO.
Aston = Winner, but I would always lust after the DBS, which is waaaaay out of my price range. I'd feel short changed with the V8 Vantage as unfortunately, until the most recent revisions (which are only just starting to be sold), the car was flawed. Great looking, but not a match for the competition on the road, and definite production issues on the earlier cars. To get a new, 'proper' one, you're looking at the better part of £100k. No thanks. Too expensive for me right now.
I considered a Jag, but just something doesn't work for me.
Bentley = Just not my style. Far too showy.
Seems like you are all about the image, chap. Shame. Image is superficial. I'm a petrol head, not a poseur.
Lets get back on topic though.
No, it wouldn't. It would be economically, socially and morally disastrous, especially for the poor, as we'd no longer generate enough wealth to pay for any social care. It's a dislike for those who earn more than you dressed up as concern for the poor.
This depends what financial commitments they already have. You can't have a £2,000,000 house (and suitable mortgage) and then suddenly think "Oh, you know what, I'll take a pay cut to £60k as I'll be fine". Basically, you're talking crap.
Your statement is far too sweeping. Living in Central London, attempting to buy anything nice to live in is going to be impossible on much less. The money put into the economy by the high earners accounts for far more than you might think - taking this away would be disastrous.
ETA - just noted that somebody else just said this above me.
:yes:
Naturally the system is designed so any attempts to correct such disparities would (apparently) result in a mass collapse of the system. So the status quo remains as it is, and 0.1% of the workforce of a company can happily keep pocketing the immense majority of funds reserved for salaries and bonuses, while the rest of the workforce are left to share the leftovers.
But when you think about it, none of the profits are wealth generated by city traders for their companies would happen if their secretaries, clerks, assistants, cleaners, HR personnel and canteen staff didn't turn out to work as well. I'm yet to hear a valid explanation of why sharing the wage packet and profits more equally amongst all workers would not be a good idea.
So because a cleaner in a hospital works as hard as a brain surgeon they should earn the same? That doesnt even work in Cuba, let alone here.
There isnt any need for government regulations, the banks will do it themselves for at least the next few years. They do not want other banks, or shareholders seeing them paying big bonuses.
Because turning up for the same number of hours isn't the same as amount of work. Without the bankers not only would the cleaners be begging on the street, so would the rest of us. Where do you think taxation comes from? It doesn't grow on trees in some nirvana...
The UK has done extremely well out of the banks - without them, generating profits, we wouldn't have an NHS, Social Security, policing etc. Or at least at such a low level the poor (and the rest of us really would suffer).
The wider philosophy you seem to be espousing is one of moral purity and fuck everyone, as long as you feel good (which of course once your job goes and you're on the street may not be such a nice feeling). Your philosophy (rather than correcting a fallacy) is based on jealousy and greed, and with a kick the fuckers attitude
spoken like a true red, why bother trying to make a better life for yourself in the first place?
Exactly - why study, work hard etc to reach your goals if all you will receive is the same as the person who sat on their arse their entire life?
Society would crumble as nobody could be arsed.
Given that most of these bankers simply speculate with non-existent comodities of no real physical value that exist only in ether, I should think the work of cleaners, builders, drivers and manual workers is actually as vital, if not more, to all of us.
That the former should earn up to 100s of times more than the latter for far less work (unless you consider gambling with non-existent comodities that aren't yours as hard work as sweeping the streets), and that they should get such rewards even when they fuck up is the ultimate disgrace, and what will marr capitalism as a whole as a wholly amoral and corrupt system for as long as the situation is not remedied.
No. The UK has done extremely well out of people working hard for thousands of years. Well before, I should add, than banks existed in any form.
Banking is but a small slice of the economy. A necessary evil that trades on the fortunes and misfortunes of others without any positive contribution to society. In the case of CEOs or bonus-amassing 'high flying' City traders, the term 'parasite' is arguably the closest one you're going to find to describe them and their trade.
We've had this argument a thousand times and I'm busy so let's just skip to the end
http://vbulletin.thesite.org/showpost.php?p=2126068&postcount=30
where you admit capitalism is the best system in practice
Thank you. It was starting to get boring. Again.
But regardless of whether you think it's the best, worst or something in between, you could still admit that it is nothing short of an abomination that some people earn many, many times more than their fellow coworkers for no good reason. There is certainly shit loads of room for improvement and capitalism could still work just as well if wages and wealth were redistributed amongst workers more fairly.
Don't let anyone fool you into believing otherwise.
But there are many good reasons why some earn more than others, the key issue is whether they create wealth - bankers create wealth, therefore they are paid more than a cleaner.
Secondly there is the issue of training, experience and expertise. Cleaners rarely need a huge amount of any of those.
Surgeons and investment bankers get paid more than you or I because they can do something that few people can.
However, I should point out that yes I do find it unpleasant when bankers leave somewhere having messed up with a golden handshake. Someone a lot smarter than me put it rather well 'capitalism is the worst system around, except the others'.
That is part of it.
A remedy is available to you as an individual who obviously feels strongly about this.
You could start your own trading account as it is now easier than ever. If you are successful (and your posts appear to suggest you think trading commodities is easy), the plentiful proceeds of your trade would be available for distribution to those that you consider more deserving.
Furthermore as an individual, you would be far far far less regulated by the FSA than those professional city traders.
Worthy of your consideration ?