Monday, 3 March 2014

Bank Bonuses Buy "Talent"?

I was wondering about an argument I've just had. It seems that bankers, financiers and corporate CEOs get paid huge amounts of money, plus ridiculous "bonuses" and financial "incentives", for their "talents". So I've been thinking about those very same "talents" that seem to be worth millions of pounds. What could possibly be worth more money that it would take three generations of the same family to spend? And why should the amount make such a difference to their capacity to perform?

Nigel Farage, UKIP's mouthpiece, keeps arguing that if we tax the rich at a higher rate, they'd simply "up-sticks" and leave the country! Why? Couldn't they live on millions of pounds then? I'm fairly certain I could! And which one's would go, if they were "unfairly taxed"? Would we really miss them? 

All this talk of "investment in jobs", and being "business friendly" is anathema to me! How about being "people friendly"? How about genuinely investing in people? If the rich elite want to go, let'em! There are more than 60 million people in this country. Does anyone think we'd all starve to death without them? Does anyone really believe that their "generosity" and "business accumen" are the only things keeping us "safe"?  And besides, most of their money is already registered "overseas"! (I know it's hidden in the Bank of Englad's vaults tax-free, but to get that tax-free status, they have to declare themselves 'non-domicile'!) So let them go and spend some quality time with their cash - and don't let them back until they've paid all they owe. 

The type of "talent" that some of these "quality" financiers have is more a mental disorder, as far as I can tell. If all one thinks about is "how much is this worth to me?", or "I couldn't work for less than a million quid!", then I feel that the "talent" they're displaying is either psychopathy, or sociopathy! No empathy, no thoughts about consequences, no regard for anyone else in society and blind to the pain caused to others. There are drugs for this sort of behaviour, aren't there?

With the size of Britain's population, I'm certain that there are economists, mathematicians, managers, entrepreneurs, and genuine hard working business people aplenty, who would have empathy and a care for others, who'd replace them for less than half the price!

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