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Friday, December 15, 2006

Comments

Dom

I would either buy a sports car and then give the rest to charity. I think they have to be capped and would like to see Gordon brown do that. Maybe capped at a percentage of the average salary.

Alan Scobbie

I do not care for caps. Why not apply a higher rate of tax for those earning way above average? A bit old fashioned perhaps. What I would rather see is abolition of corporation tax combined with high rates of income tax/capital gains tax/whatever so that you hit greedy directors but at the same time reward companies themselves. Present them with the choice of investing within their company, whether staff, infrastructure or research as opposed to excessive pay deals/share benefits which would hit them very badly in the pocket. Either way the state and business both wins. Perhaps someone with a firmer grip of taxation could blow some holes in that proposal for me?

Richard Angell

I was at an event recently where Douglas Alexander MP said that the bonuses paid out by the city would be more than his Transport department gets a year! this seems to stink of injustice but i fear there is little we can do.

The reality seems to be - even if we put some cap on it - they would find a way round it; these afterall are the accountants and financial expects that will know every loop hole in the law!

We have to find some way of curbing it because - as Jennifer rightly points out by the way they choose to spend the money - it appears as two fingers up to the rest of the country who work hard and contribute to the economy.

jas weir

obscene payments/bonuses devalue both the greedy individuals who consume more than their reasonable dues, the "system" which rewards the few at the expense of the many, and the feeble "left of centre"(???)party which bows the knee to the rich and powerful at every opportunity. Either because (i) labour is actually incapable of understanding and tackling the intricacies of modern global finance, not easy but unhealthy for democracy, or (ii) that labour does believe it is a "small" price to pay for having the glamorous international centre of capitalism around to employ hordes of lowly paid immigrant cleaners and hopefully pay a teensy weensy bit more tax here rather than in a funk hole oeverseas?

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