Jump to content
House Price Crash Forum
Sign in to follow this  
Authoritarian

Great Post By Alice Cook On Bonuses

Recommended Posts

She left her blog rather suddenly a year or so back and many of us had thought that they had got to her, but all is well and this was a particularly good piece so thought I'd give it a plug. The rest can be found at the link.

It is bonus time again for bankers. This week, the financial sector arrogantly instructed the rest of us that we have to get over our sense of envy at these huge payouts in the financial sector. The great risk takers of the modern age need to be rewarded. Otherwise, these top performers may feck off abroad and leave us to fend for ourselves.

Before the crisis, it was not uncommon to hear financial sector types sing lyrically about the merits of the free market. The argument started with a generic complaint about heavy taxation, and moved onto excessive regulation and how it held back entrepreneurial dynamism. The failing welfare state was a key part of the "problem", discouraging work and creating a dependency culture within low-income groups.

It is an argument that contains a kernel of truth. However, it wasn't one that the financial sector wanted to apply to itself once it ran into difficulties. The social safety net had to be extended to include bankers as well as single mothers......

My link

Edited by Chef

Share this post


Link to post
Share on other sites

She left her blog rather suddenly a year or so back and many of us had thought that they had got to her, but all is well and this was a particularly good piece so thought I'd give it a plug. The rest can be found at the link.

My link

Bankers=social security fiddlers. Without us taxpayers they would have been mass unemployment for bankers.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.