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B416 - Salary Cap limit Bill

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    This bill gets a no from me.
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    (Original post by Viggo2790)
    This bill gets a no from me.
    Why?
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    (Original post by obi_adorno_kenobi)
    Tesco and ASDA. The latter more especially since they are owned by Wal*Mart.
    Indeed. And, both would build up ridiculous levels of wealth (I.E. look at Apple), and end up spending that in dividends to shareholders - which would almost entirely consist of the wealthy.
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    (Original post by Indievertigo)
    Money is not and should never be the driving factor in anyone's life.

    So, RL example, I made sure 25 people lost their jobs and a department closed down to save £1m + a year. Hey, grandson, don't you wish you were me I got 25 people sacked and managed to save xx PLC more than £1 million a year!!!

    You think that's worthwhile enough to tell your descendants. Really?

    Yes, if someone earns less than £520k a year they can still be classed as not poor. In fact, even if someone earned £30k a year, I wouldn't go so far as to class them poor. Even in a first world sense...
    Yes it should be, without the drive to get money one would be poor and sad.

    That isn't the only way to make money, why have you become such a Socialist since you left the Conservatives? now I understand why the party is in the state it is in, you basically did a "Blair" but with Left-Wing views not Right-Wing views.

    £30,000 a year in an average family of four is poor.
    (Original post by Indievertigo)
    Indeed. And, both would build up ridiculous levels of wealth (I.E. look at Apple), and end up spending that in dividends to shareholders - which would almost entirely consist of the wealthy.
    Ah but Apple are not spending their money on dividends it is mainly on R+D and Acquisitions like most companies however most companies also pay a dividend after that expenditure.
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    (Original post by tehFrance)
    Yes it should be, without the drive to get money one would be poor and sad.
    That's fine, you live your life by that principle then

    That isn't the only way to make money, why have you become such a Socialist since you left the Conservatives? now I understand why the party is in the state it is in, you basically did a "Blair" but with Left-Wing views not Right-Wing views.
    No, indeed it isn't. But that's not what we're discussing, and if you've given up discussing why our current form of capitalism is worse than my proposed form then lets end our debate here.


    £30,000 a year in an average family of four is poor.
    As opposed to £520k, yeah its poor. But as opposed to the average salary of £24k? No, don't think so.

    Ah but Apple are not spending their money on dividends it is mainly on R+D and Acquisitions like most companies however most companies also pay a dividend after that expenditure.
    And the difference is? They'll spend all that money on more acquisitions becoming larger and larger, and eventually run out of firms to buy. Then they'll have to get rid of the money some how with the final way any corporate firm would get rid of it being in the form of dividends or buy backs.
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    (Original post by Indievertigo)
    That's fine, you live your life by that principle then

    No, indeed it isn't. But that's not what we're discussing, and if you've given up discussing why our current form of capitalism is worse than my proposed form then lets end our debate here.

    As opposed to £520k, yeah its poor. But as opposed to the average salary of £24k? No, don't think so.

    And the difference is? They'll spend all that money on more acquisitions becoming larger and larger, and eventually run out of firms to buy. Then they'll have to get rid of the money some how with the final way any corporate firm would get rid of it being in the form of dividends or buy backs.
    I will and I do live my life by that principle.

    What proposed form? this salary cap? that isn't Capitalism that is Socialism.

    Meh it is still poor to me.

    You obviously don't understand how certain businesses run and what they do with their money... Apple is not Microsoft, they don't buy everything that looks semi-decent they but the highest quality small companies (the latest one was in Israel and that was more to do with Patents that they held than anything).
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    (Original post by tehFrance)
    Meh it is still poor to me.
    Well there goes that last bit of begrudging respect.
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    No, no, no and no.
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    20 times seems pretty high to me, the bill is fine in principle though I guess.
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    This is in cessation.
Updated: February 26, 2012
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