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pjw

Best Paid 1% Worth It?

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And the problem isn't rewarding success, but rewarding failure.

A lot of the 1%, if we had actual capitalism, would be as broke as Randy and Morty after Dan Ackroyd got through them in Trading Places.

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How about, ****** off!!?

Yup why would anyone pay to read such garbage. If the 1%ers want to put out propaganda they need to stump up and pay for it themselves.

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Yup why would anyone pay to read such garbage. If the 1%ers want to put out propaganda they need to stump up and pay for it themselves.

Can't see anyone paying for it when you can view it for free by clearing your browser of cookies or using Incognito mode in Chrome.

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We may hate the fact, but they do – on the whole – seem to generate even more money than they’re paid.

The problem with this argument is that it would also apply to a successful drug dealer.

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Tony Blair said he had no burning ambition "to make sure that David Beckham earns less money", which summed up the national mood until the crash. Then the idea that bankers' emoluments and bonuses started the crisis took root.

Well, Mr Nelson, how did the UK's financial services industry come to bankrupt itself spectacularly in 2008? So spectacularly in fact that significant parts of it had to be nationalised by the State? By your own argument greed or incompetence can't have been the cause. And since not one individual has been prosecuted in a court of law accusations of criminal intent or conspiracy to commit fraud must be similarly groundless. If your swiller chums really are worth their screw, as you would have us believe, then I guess you just have to put it down to bad luck or coincidence...

.

Edited by zugzwang

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JK Rowling made her money for herself. Good luck to her. But she is very much the exception.

It might be true to say that a really good company executive is worth a lot of money. For example, John Harvey Jones was worth every penny he was paid. But most of the top earners I have come directly or indirectly have been utterly useless. They drive the corporations they are paid by into the ground, making ludicrous decisions that one can only shake one's head at. Tom McKillop, who paid a fortune for a pile of debt as CEO of Zeneca, then left and helped destroy RBS stands out as a prime example.

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So lets say a CEO is great at driving costs down and bringing in new trade. There must be other people losing the game if he is winning it. Zero sum gain for most people.

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We may hate the fact, but they do – on the whole – seem to generate even more money than they’re paid.

"We"?

Speak for yourself.

There's no objection to high pay for honestly "generated" money and for example businesses adding value.

Unfortunately lots of money ""generated" these days just comes from cadging some taxpayer funded bailout scheme to support the crooked banks or for some PC driven taxpayer subsidy etc.

Easy money - and the money cadged to support crazy prices in the housing sector is just something else and it helps fund something diametrically opposed to the general health of the UK economy - so yes of course there's plenty of objection to that. These days there seems to be no balance in the economy.

Edited by billybong

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oh I'm sure they are worth it, how else can we get them to do crap like this?

P.S. If you have low blood pressure and want it raised then watch.

Edited by alexw

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  • 244 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%



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