Friday, February 27, 2009

bankers enbezzling

enbezzeling is like embezzelling only its the opposite, and thinner - just as an
en is thinner than an em, and it takes n en's to make 1 em.

lovely headline in the metro today - picture of said baker's waste bin with apparently discarded cardboard box for a piggy bank!! given their ability at the job, I am surprised the bin wasn't just full of 50 pound notes.

Meanwhile, the row about Sir Fred's pension rolls on and on. There seems to be some confusion in the world - people claim :-

i) you have to pay people this much to get good people. well the banks got idiots, so the pay is obviously not the key to attracting able and smart individuals
ii) you can't take away his pension.

well, yes you can - its called tax. we could have a 99% tax for unearned income - given RBS went broke, he obviously didn't earn the money - this would be neat as it wouldn't impact bonuses for people that actually increased the value of a company

Finally someone said (many times) we can't have a high tax, low income economy as we would drive the smart people away. How come Sweden has Saab and Volvo and Ericsson and so on then? THey have high taxes, plausible income, and still make stuff.

Ah, I know what it is thatcher and major and blair and brown wanted the right kind of
stupid bankers who don't make anything useful (not even trickle down). You can't get those in a country that just wants to build stuff people want and provide good health and education. oh no.

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