What is that "mate" of mine Sadiq Khan trying to achieve ?

 

You lost you demented little cretin, get over it and concentrate on your job you terrorist sympathiser.

1 minute ago, Sweep said:

I think Cheese decided to mention the cost of living crisis and the cap together, not Mounts.

I do agree with you about the timing (and the message it sends out) - but if Florist in Grimsby is going to get shirty about how much a banker in London earns, they can just fuck off.

As Farrelli alludes to above, we all have a vote, so if they remove the cap, then we as a collective get to vote in a party that will put it back on in circa 2 years (if any of the major parties put it in their manifesto)

Listen I agree with you to an extent, I left my home town, friends etc to work in London. My choice for a career that I wanted and a wage that reflected that. I did what I was told. Go to school, work hard, get a degree and move for work. But we have such a imbalanced market now and to be honest a really imbalanced country in terms of opportunity - and a lot of that is geographic.

I'm pleased the kids are growing up int he south east, the access to earnings is much better.

 

And isn't the cap in place to stop them acting the cunt and taking massive risks chasing massive bonuses to avoid a meltdown like 2008?

5 minutes ago, mickbrown said:

And isn't the cap in place to stop them acting the cunt and taking massive risks chasing massive bonuses to avoid a meltdown like 2008?

Yes but let’s remove it because they are friends of Kwasi and it’ll be fine🤔

40 minutes ago, Sweep said:

Can the Government not do both?  

Of course. Let us know when they do.

3 minutes ago, Farrelli said:

Yes but let’s remove it because they are friends of Kwasi and it’ll be fine🤔

He is dangerous. A rabid free-marketeer.

2 minutes ago, Not in Crawley said:

He is dangerous. A rabid free-marketeer.

Indeed. Asking him to regulate finance is like asking the water companies to regulate how much sewage they can put in rivers. “let’s not put a limit on it as we don’t want to upset our shareholders”

2 minutes ago, Farrelli said:

Indeed. Asking him to regulate finance is like asking the water companies to regulate how much sewage they can put in rivers. “let’s not put a limit on it as we don’t want to upset our shareholders”

The ideology is that the wealthy will lift us all is proven not to work. Even Thatcher knew the state had a role to play.

how do i get in to this BWanking 

8 minutes ago, Not in Crawley said:

The ideology is that the wealthy will lift us all is proven not to work. Even Thatcher knew the state had a role to play.

Absolutely. This trickle down theory is bullshit. It always seems to stop somewhere up there

The main reason that banker's bonuses were capped is that we were trying to discourage them from making greedy, reckless decisions that potentially cripple the whole system. 

There's no law against them being paid enormously high salaries if that's what the companies in the city think they're worth, is there? 

1 minute ago, kent_white said:

The main reason that banker's bonuses were capped is that we were trying to discourage them from making greedy, reckless decisions that potentially cripple the whole system. 

There's no law against them being paid enormously high salaries if that's what the companies in the city think they're worth, is there? 

No there isn't and that's fine but no regulation is insane. Pure free-market is simplistic nonsense and hurts the disadvantaged (and by that I mean the majority of us) again and again.

And yet we buy into it.

Am I worth what I am paid, not really, but the market says I am because I win clients and they pay me. I am a small business owner with no state reliance. I would be happier with more tax to help more people.

Do I like tax free dividends? Yes. Do I want them to stop. Not on your nelly.

See, there is a middle ground.

46 minutes ago, Cheese said:

Of course. Let us know when they do.

I don't think they will, they don't give a fuck about public sector workers 

15 minutes ago, kent_white said:

The main reason that banker's bonuses were capped is that we were trying to discourage them from making greedy, reckless decisions that potentially cripple the whole system. 

There's no law against them being paid enormously high salaries if that's what the companies in the city think they're worth, is there? 

They could pay them massive salaries, you're right, there is nothing to stop that.......but an employer would much rather pay a lower basic, and allow the employee to top that up by means of good performance. Low basic, high commission/bonus is the structure they'd rather work to. 

Listening to the radio today, they are suggesting that if/when the cap is removed, that the basic wages will dip quite a lot

Low basic at 80k.

The rest of the country....get bent.

Put simply many of the jobs in the city are not worth that value. 

23 minutes ago, Not in Crawley said:

Low basic at 80k.

The rest of the country....get bent.

Put simply many of the jobs in the city are not worth that value. 

Supply and demand innit

Going back to a point that @Casinomade earlier - it's fucking nuts that banking types get paid so much more than those in manufacturing, sadly it's the way of the world, and I doubt it'll change - if anything, the gap will continue to get wider.

50 minutes ago, Sweep said:

Supply and demand innit

Going back to a point that @Casinomade earlier - it's fucking nuts that banking types get paid so much more than those in manufacturing, sadly it's the way of the world, and I doubt it'll change - if anything, the gap will continue to get wider.

That is why they need to be capped on bonus payments. 

2 hours ago, Farrelli said:

That is why they need to be capped on bonus payments. 

No its not

53 minutes ago, Sweep said:

No its not

Why do you think caps were introduced then? Because everyone's jealous?

8 minutes ago, Cheese said:

Why do you think caps were introduced then? Because everyone's jealous?

I said that it's nuts how banking get so much more than manufacturing, and that I expect that gap to keep increasing... 

Farrelli said that is why they need to cap bonus payments. 

I said its not, meaning, that just because manufacturing don't get paid enough, it doesn't mean that banking bonuses should be capped. 

You know that though, you're just being a dick as usual. 

I know why caps were introduced, it doesn't mean that the decision can't be reversed. Or are you of a mind that once a decision is made, then it shouldn't ever be changed? 

Again, if the caps are removed, then you get to vote for the party (if there is one) that says they're going to put them back in place, when we next have a GE. 

 

 

Im chucking this in again

Id say the fuck up that is the NHS is a more pressing matter

Many v experienced folk fuck it off due to a pension cap

Why are we getting to work on bankers first

Speaking of getting to work, when are the shithouses actually going to do something...theyll be off to party season in the blink of an eye

16 minutes ago, Sweep said:

I said that it's nuts how banking get so much more than manufacturing, and that I expect that gap to keep increasing... 

Farrelli said that is why they need to cap bonus payments. 

I said its not, meaning, that just because manufacturing don't get paid enough, it doesn't mean that banking bonuses should be capped. 

You know that though, you're just being a dick as usual. 

I know why caps were introduced, it doesn't mean that the decision can't be reversed. Or are you of a mind that once a decision is made, then it shouldn't ever be changed? 

Again, if the caps are removed, then you get to vote for the party (if there is one) that says they're going to put them back in place, when we next have a GE. 

I wasn't referring to Farrelli's post, I was asking you a question. Why do you think the caps were introduced?

8 minutes ago, Cheese said:

Why do you think the caps were introduced?

I'm assuming the bonus cap was introduced within the EU after the financial crisis has in order to try to stop risk-taking by bankers. As far as I'm aware, it's still only in place within the EU, the rest of the world seems to be happy enough not to have it. 

As I said earlier, I hope that if the cap is removed, then there will be tighter regulation in place. 

It doesn't matter what I say or think though does it, as you'll just want to argue for the sake of it. 

22 minutes ago, Casino said:

Im chucking this in again

Id say the fuck up that is the NHS is a more pressing matter

Many v experienced folk fuck it off due to a pension cap

Why are we getting to work on bankers first

Speaking of getting to work, when are the shithouses actually going to do something...theyll be off to party season in the blink of an eye

The bankers getting more money means more tax take, removing NHS pension cap will cost government more money. 

5 minutes ago, Sweep said:

I'm assuming the bonus cap was introduced within the EU after the financial crisis has in order to try to stop risk-taking by bankers. As far as I'm aware, it's still only in place within the EU, the rest of the world seems to be happy enough not to have it. 

As I said earlier, I hope that if the cap is removed, then there will be tighter regulation in place. 

And if there isn't, would you admit that removing the cap would be a silly thing to do?

4 minutes ago, Cheese said:

And if there isn't, would you admit that removing the cap would be a silly thing to do?

Not really, if it's so needed, why isn't all the financial world doing it?

Anyway, we're just gong round in circles, we'll never agree. I'd prefer an individuals earning potential not to be capped, and you prefer people's potential earnings to have a cap. We may as well just leave it there.