Ten Years After

[Bud the Baker]

Not the Woodstock veterans

but from when Lehman Brothers collapsed and has anything changed?

Aside from a little tinkering round the edges  not much, the essence of Capitalism is risk taking (at the expense of others depending on your doctrine) and in the alpha male dominated financial markets the onus will always be to be the biggest risk taker. The culture of massive bonusses for luck/mediocrity still exists within a background of being the only area of the private sector with a safety net.

The superrich are getting richer and the ordinary worker is being squeezed by the precarious nature of employment today. The answer is a maximum wage upon the lines suggested by George Orwell of 10 x minimum wage.

 

Edited September 16, 2018 by Bud the Baker

[St.Ricky]

1 hour ago, Bud the Baker said:

Not the Woodstock veterans

but from when Lehman Brothers collapsed and has anything changed?

Aside from a little tinkering round the edges  not much, the essence of Capitalism is risk taking (at the expense of others depending on your doctrine) and in the alpha male dominated financial markets the onus will always be to be the biggest risk taker. The culture of massive bonusses for luck/mediocrity still exists within a background of being the only area of the private sector wit a safety net.

The superrich are getting richer and the ordinary worker is being squeezed by the precarious nature of employment today. The answer is a maximum wage upon the lines suggested by George Orwell of 10 x minimum wage.

 

Difficult to argue that there has been little change. 

[oaksoft]

1 hour ago, Bud the Baker said:

Not the Woodstock veterans

but from when Lehman Brothers collapsed and has anything changed?

Aside from a little tinkering round the edges  not much, the essence of Capitalism is risk taking (at the expense of others depending on your doctrine) and in the alpha male dominated financial markets the onus will always be to be the biggest risk taker. The culture of massive bonusses for luck/mediocrity still exists within a background of being the only area of the private sector wit a safety net.

The superrich are getting richer and the ordinary worker is being squeezed by the precarious nature of employment today. The answer is a maximum wage upon the lines suggested by George Orwell of 10 x minimum wage.

 

Why is that the answer? 

[Bud the Baker]

2 hours ago, oaksoft said:

Why is that the answer? 

It would be fairer.

[oaksoft]

4 hours ago, Bud the Baker said:

It would be fairer.

So how would it prevent a brain drain out of the country?

[Bud the Baker]

8 hours ago, oaksoft said:

So how would it prevent a brain drain out of the country?

"It’s not about the money, money, money" . Who said that, Jessie J or yourself?

Everyone benefits from society, the infrastructure, utilities and educated workforce that comes with it and those that benefit from it the most should contribute the most.

Where socialism has gone wrong in the past is to deny and persecute the entrepreneurial/scientific instinct, it should be acknowledged as a benefit and allowed but it shouldn’t be at the expense of everyone else. If a few psychopaths can’t accept that then let them go. 

[oaksoft]

8 hours ago, Bud the Baker said:

"It’s not about the money, money, money" . Who said that, Jessie J or yourself?

Everyone benefits from society, the infrastructure, utilities and educated workforce that comes with it and those that benefit from it the most should contribute the most.

Where socialism has gone wrong in the past is to deny and persecute the entrepreneurial/scientific instinct, it should be acknowledged as a benefit and allowed but it shouldn’t be at the expense of everyone else. If a few psychopaths can’t accept that then let them go. 

I agree that it shouldn't be all about money but without profits, pension funds will be worthless as will investments by councils and other government departments,

10x  minimum wage is around £80 per hour which is about £150k per year. You will definitely struggle to recruit a CEO of any reasonable sort of standard for that sort of money. A freelance software engineer will cost you £40 an hour or £75k in comparison. You won't see a few leave, you'll see a flood of people leaving. The bigger problem is that it will be the best of the bunch who leave. We'll be left with the sortt of incompetents who end up with their companies closing down.

I agree with your last paragraph but your idea needs a more practical and realistic footing.

[Cornwall_Saint]

On 9/15/2018 at 1:42 PM, Bud the Baker said:

 

The answer is a maximum wage upon the lines suggested by George Orwell of 10 x minimum wage.

 

I think Jeremy Corbyn was touting a similar idea about. I think it was stated that the ratio was something like those at the top earning 120 times more.

The whole system pisses me off. The wages at the bottom end aren't enough to live on. If I get told tomorrow I'm out of a job, I'll get a payout for 3 months then I'm f**ked if I don't get employment by then. When the big gunners at the top "lose" their jobs, they end up with £1m+ payouts. Cunts like Philip Green will leave a huge hole in pension funding to the people who worked for him, when he's easily got the money to cover it. Being rich is a piece of piss here, never chased up on taxes or siphoning money elsewhere, can shaft those who work for you without any worries to yourself, the system is f**ked.

[Bud the Baker]

17 hours ago, oaksoft said:

I agree that it shouldn't be all about money but without profits, pension funds will be worthless as will investments by councils and other government departments,

10x  minimum wage is around £80 per hour which is about £150k per year. You will definitely struggle to recruit a CEO of any reasonable sort of standard for that sort of money. A freelance software engineer will cost you £40 an hour or £75k in comparison. You won't see a few leave, you'll see a flood of people leaving. The bigger problem is that it will be the best of the bunch who leave. We'll be left with the sortt of incompetents who end up with their companies closing down.

I agree with your last paragraph but your idea needs a more practical and realistic footing.

 

I'd take the chance on the flood.

I'm sure even the boneheads who remain could devise something better than the current pensions racket. 

 

11 hours ago, Cornwall_Saint said:

I think Jeremy Corbyn was touting a similar idea about. I think it was stated that the ratio was something like those at the top earning 120 times more.

 

 

So tame and yet so vilified!