And i bet most of them who are top earners went to university because they earned a place because of the intelligence, not because everyone should go
couldn't agree more, it's frustrating listening to all the bonus/banker bashing etc. Some of the bonuses were undoubtedly silly but to be honest it was the senior managers, the CEOs who had their eye off the ball.
What the city did over the last few years is recruit a bunch of outlandishly intelligent people and tell them to go and make money. You can't blame them for succeeding and I don't think it's unreaonable for them to have received gigantic bonuses.
If the company failed to see the flaws or the bigger picture you can't blame the individuals who did the actual graft and constant bashing of these guys will just see them move overseas.
The proportion of the money that's been spent on schools/hospitals/bankrolling the frankly mental size of our public sector that came from the tax take on the city is eye watering.
If you then take into account that its highly unlikely these people will ever make any use of public services such as police, the NHS, welfare payments etc they're probably getting a bum deal in truth.
But thats part of a reasoned debate, I'm all for the rich paying their way but you can't characterise one side as good and one as evil. By the same score the unemployed single mother who raised me wasn't benefit scrounging dole scum either. It's greys not black and whites.
It bugs me a little that people choose to forget what a percentage is, if the first guy pays 10% of his £20k salary in tax and the next man pays 15% of his £200k salary as an example of something similar to now, not only has the higher paid guy paid significantly more in outright cash, he's also already paid a larger overall percentage.
There is a very real and meaningful argument for a flat tax system, it's the only way it can be fair IMO.
But then we'd need to investigate what an actual living, comfortable income was, taking into account all the things people need and want and then set a flat tax rate accordingly so the lower end wasn't squeezed so it had to decide between heating and food. But thats impossible so what we get is like today, a "neutral" budget which you could argue we'd have probably been better off with not bothering with at all!