Do bankers pay a 45% tax?

“compensation” my arse - half a million a year is a huge excess. and don’t tell me that there’s less demand for people such as builders in a society with a housing shortage.

“compensation” my arse - half a million a year is a huge excess. and don’t tell me that there’s less demand for people such as builders in a society with a housing shortage.

Oh? You don't pay tax? Okay, well once you work your absolute arse off sacrificing your health, relationships, social life to achieve a salary the vast majority of people will never achieve, then maybe you'd be in a better position to judge what it would be like to pay a massive amount of money in tax.

Yes, there are people who work outrageously hard and don't earn anywhere near that much. That's besides the point though.

There is a larger supply of builders and people with those skills. The people in banking that are earning half a million are adding way more than that in value for the bank.

Like I said, what you end up with is civil unrest. Trade unions get angsty and workers start going on strike. Not only is this an economic problem, it has severe social implications.



You're going to have to explain this one.



In theory but it is laughable to say that we have reached this point. Both the NHS and schools are feeling the squeeze. The NHS in particular is going to have a hard time over the next few decades as the population becomes steadily greyer.

'Huge excess' is a value judgement based on jealousy and not logic.

You sacrifice your own health for a high salary? Wtf is wrong with you? As for the other 2... we all do in one way or another by working even just normal hours.

I'm all in favour of higher skilled/demanding professions paying out more than others, but there should be a limit to what you are able to make. 500k a year is utterly ridiculous

I'm all in favour of higher skilled/demanding professions paying out more than others, but there should be a limit to what you are able to make. 500k a year is utterly ridiculous

Apart from the knowledge and skills needed to do that job.

I don't get your argument

the general curve of knowledge against salary a probably a y=x curve but i get the feeling that you're saying that everyone should earn a similar amount and the more skilled jobs only have a slightly bigger salary which i think is not fair.

If you have someone who is only 1 of 10k people in the world who could do that job then i think they should be paid fairly handsomely.

I'm all in favour of higher skilled/demanding professions paying out more than others, but there should be a limit to what you are able to make. 500k a year is utterly ridiculous

But people who are earning that amount usually have a very good reason as to why they are being paid so much. It's usually because they have a lot of valuable experience and skills and are generating a lot of profit for the employer. For example, traders at banks often generate millions of pounds in profit. That's why they are entitled to those bonuses.

Yes. Punish others because they're more successful than you and place a huge focus on their careers.

Sounds like bitterness to me.

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Ok, he should be rewarded, but bonuses are completely out of control. There are people taking home millions every year even when they have completely bottled it.

Not at all. Human greed is really taking its toll on the world and it's getting out of hand. Seriously what do you with £500,000 every year?

Yes, that I agree with. It's insane that some bankers were making huge bonuses even during the financial crisis and when the government had to bail them out.

Not at all. Human greed is really taking its toll on the world and it's getting out of hand. Seriously what do you with £500,000 every year?

I could spend tens of thousands on shoes and suits. I'd like a Rolls Royce, which starts at what, 300k? I'd like to be able to have kids some day and for them to go to university and finish debt free. I'd like to buy a house outright.

Not at all. Human greed is really taking its toll on the world and it's getting out of hand. Seriously what do you with £500,000 every year?

Why the hell would you do that? lol
All those things could be paid for on 2 years wages. What about the other 40 years you're working for?