| FORUMS > The Sin Bin > Wage limit |
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Moderator
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| Quote: Dally "That was written with my shareholders hat on.'"
Excellent!!
At the next AGM whilst you have your shareholders hat on, stick your shareholder hand up and vote against 'your' CEO's remuneration package if you don't think that you are getting value for money that's fine by me. What isn't fine is a government committee, cross party social think tank, or are you calling for a referendum/public vote, to decide how much I or anyone else can get paid |
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| Quote: King Street Cat "www.independent.co.uk/news/world/politics/worlds-richest-1-per-cent-richer-wealth-poor-three-charts-graphics-oxfam-a7529396.html
At this rate there'll be one person standing at the end with all the money and the rest will be dead.'"
Very few wealthy people have a social conscience with most only being driven by the desire to be wealthier than their peers.
Although Corbyn's idea of an upper wage limit may, in some ways, sound sensible, it will never happen and sadly, people end up like commodities and if a few end up "worn out", they are easily replaced.
Nobody would mind if someone worked twice as hard as the next man and was paid twice as much. However, wealth is often gained by exploiting others and yet we are encouraged to look up to these people and admire their status.  |
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[color=#000000:ogl9gbum]"Back home we got a taxidermy man. He gonna have a heart attack when he see what I brung him."[/color:ogl9gbum]:d7dc4b20b2c2dd7b76ac6eac29d5604e_50733.jpg |
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| Quote: wrencat1873 "However, wealth is often gained by exploiting others and yet we are encouraged to look up to these people and admire their status. ![]()
I think people are starting to wise up to the 'wealth creators' lie they've been fed for so long, especially now they realise they're not benefitting from the wealth created and are merely scrabbling around for scraps.
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| Quote: wrencat1873 "Very few wealthy people have a social conscience with most only being driven by the desire to be wealthier than their peers.
Although Corbyn's idea of an upper wage limit may, in some ways, sound sensible, it will never happen and sadly, people end up like commodities and if a few end up "worn out", they are easily replaced.
Nobody would mind if someone worked twice as hard as the next man and was paid twice as much. However, wealth is often gained by exploiting others and yet we are encouraged to look up to these people and admire their status. ![]()
I think we will see a return to progressive tax rates in future. Service sector jobs are starting to see the job losses due to innovation that the manufac
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| Rank | Posts | Team |
| International Chairman | 14845 | No
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| Oct 2021 | Jul 2021 | LINK |
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| Quote: wrencat1873 "Very few wealthy people have a social conscience with most only being driven by the desire to be wealthier than their peers.
Although Corbyn's idea of an upper wage limit may, in some ways, sound sensible, it will never happen and sadly, people end up like commodities and if a few end up "worn out", they are easily replaced.
Nobody would mind if someone worked twice as hard as the next man and was paid twice as much. However, wealth is often gained by exploiting others and yet we are encouraged to look up to these people and admire their status. ![]()
I think we will see a return to progressive tax rates in future. Service sector jobs are starting to see the job losses due to innovation that the manufacturing sectors and agricultural sectors saw in times of old. Those job losses will be on a large scale in the next few years. As a result governments will need to raise taxes to fund education / training to make people fit for those jobs that are available in the economy and also to stave off civil
unrest. Governments cannot raise money by borrowing indefinitely and soon they will need to raise via taxing multinational companies and those individuals with good incomes.
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https://www.theguardian.com/business/20 ... says-study This is an interesting read on this topic. Share price, while not a perfect reflection of company performance, is the best approximation we have. The average pay package of a FTSE 350 CEO increased 82% from 2001 to 2014. The return on invested capital? Less than 1%.
I disagree with the idea of a maximum wage. The reason for a minimum wage is so that people can survive (in theory) off what they earn. There's no such justification applicable to a maximum wage.
However, this isn't to say that inequality isn't an issue, particularly when regressive taxes like VAT have been increased since the Conservatives came to power. We need to do more in terms of progressive taxation as inequality has high negative external costs, for example the implications for mental and physical health. Poorer people also have a higher propensity to consume and also a lower propensity to import, both of which are good things for the economy.
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https://www.theguardian.com/business/20 ... says-study This is an interesting read on this topic. Share price, while not a perfect reflection of company performance, is the best approximation we have. The average pay package of a FTSE 350 CEO increased 82% from 2001 to 2014. The return on invested capital? Less than 1%.
I disagree with the idea of a maximum wage. The reason for a minimum wage is so that people can survive (in theory) off what they earn. There's no such justification applicable to a maximum wage.
However, this isn't to say that inequality isn't an issue, particularly when regressive taxes like VAT have been increased since the Conservatives came to power. We need to do more in terms of progressive taxation as inequality has high negative external costs, for example the implications for mental and physical health. Poorer people also have a higher propensity to consume and also a lower propensity to import, both of which are good things for the economy.
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