New Posts For Thread: fair pay for bankershttps://community.betfair.com/politics/go/thread/view/94150/29802793/fair-pay-for-bankersit seems outraged bankers have had enough!Down to their last billion or twenty they have no got a new tactic to stop their bonuses being cut to breadline levels of 9 million per annum.Banker's Bonus 2013, from nEuroRecovery Ltd., invites bankers to c"The problem is paying billions to bankers who possess no special talent, over say an engineer or a doctor, other than the knowledge that they can privatize gains and socialize losses with their gambling. THEY KNOW THEY WILL BE BAILED OUT WHEN THEYhttps://community.betfair.com/politics/go/thread/view/94150/29802793/fair-pay-for-bankers?post_id=529807141#529807141"The problem is paying billions to bankers who possess no special talent, over say an engineer or a doctor, other than the knowledge that they can privatize gains and socialize losses with their gambling. THEY KNOW THEY WILL BE BAILED OUT WHEN THEYWed, 13 Mar 2013 17:12:39 -0500"If a footballer is such a special talent, then he ought to be paid as a special talent. If people are willing to pay today's ticket prices to go watch such a special talent, then so be it. The market has spoken."'I don't agree with this Menelaus. Ihttps://community.betfair.com/politics/go/thread/view/94150/29802793/fair-pay-for-bankers?post_id=529807115#529807115"If a footballer is such a special talent, then he ought to be paid as a special talent. If people are willing to pay today's ticket prices to go watch such a special talent, then so be it. The market has spoken."'I don't agree with this Menelaus. IWed, 13 Mar 2013 17:11:47 -0500Why not?Tell me why it was not an option?https://community.betfair.com/politics/go/thread/view/94150/29802793/fair-pay-for-bankers?post_id=529805909#529805909Why not?Tell me why it was not an option?Wed, 13 Mar 2013 16:41:58 -0500the banks WERE too big to fail. obviously thats a ludicrous state of affairs but unfortunately its a fact. letting the whole banking industry go up the sh1tter was not an optionhttps://community.betfair.com/politics/go/thread/view/94150/29802793/fair-pay-for-bankers?post_id=529805279#529805279the banks WERE too big to fail. obviously thats a ludicrous state of affairs but unfortunately its a fact. letting the whole banking industry go up the sh1tter was not an optionWed, 13 Mar 2013 16:29:55 -0500this makes no sense. i didnt say footballers distort the free market. i said the free market causes massive wealth inequality, e.g. footballers getting paid 100s of times more than bog cleaners.I agree with yr anti banker rant but i dont think its rehttps://community.betfair.com/politics/go/thread/view/94150/29802793/fair-pay-for-bankers?post_id=529805181#529805181this makes no sense. i didnt say footballers distort the free market. i said the free market causes massive wealth inequality, e.g. footballers getting paid 100s of times more than bog cleaners.I agree with yr anti banker rant but i dont think its reWed, 13 Mar 2013 16:28:14 -0500The whole point is, if there is a point, footballers, entertainers, engineers, scientists, doctors, or anything else HAVE NOT DISTORTED the free market (hence the inequity that you mentioned), bankers have.Because they pay themselves obscene amounts,https://community.betfair.com/politics/go/thread/view/94150/29802793/fair-pay-for-bankers?post_id=529804389#529804389The whole point is, if there is a point, footballers, entertainers, engineers, scientists, doctors, or anything else HAVE NOT DISTORTED the free market (hence the inequity that you mentioned), bankers have.Because they pay themselves obscene amounts,Wed, 13 Mar 2013 16:12:42 -0500for most of the 20th century (up to about the 1980s) the wealth gap was closing. their were rich people for sure but much less of the obscene wealth gap we see today, that is ever-widening. corporate profit as a % of GDP has never been higher, and wahttps://community.betfair.com/politics/go/thread/view/94150/29802793/fair-pay-for-bankers?post_id=529804197#529804197for most of the 20th century (up to about the 1980s) the wealth gap was closing. their were rich people for sure but much less of the obscene wealth gap we see today, that is ever-widening. corporate profit as a % of GDP has never been higher, and waWed, 13 Mar 2013 16:07:44 -0500i usually agree with everything u post menelaus but not on this one. The problem with the free market is it assumes the human mass is rational and capable of making sensible logical decisions when quite clearly its not!! I dont disagree that a top fohttps://community.betfair.com/politics/go/thread/view/94150/29802793/fair-pay-for-bankers?post_id=529804013#529804013i usually agree with everything u post menelaus but not on this one. The problem with the free market is it assumes the human mass is rational and capable of making sensible logical decisions when quite clearly its not!! I dont disagree that a top foWed, 13 Mar 2013 16:03:26 -0500There is never a problem with a free market. NEVER.If a footballer is such a special talent, then he ought to be paid as a special talent. If people are willing to pay today's ticket prices to go watch such a special talent, then so be it. The markethttps://community.betfair.com/politics/go/thread/view/94150/29802793/fair-pay-for-bankers?post_id=529803265#529803265There is never a problem with a free market. NEVER.If a footballer is such a special talent, then he ought to be paid as a special talent. If people are willing to pay today's ticket prices to go watch such a special talent, then so be it. The marketWed, 13 Mar 2013 15:45:11 -0500p.s. was it Lincoln who said 'you can fool all of the people some of the time.....' - this statement basically sums up how politics works, and going by many of the views on this forum (and the same goes for the public in general), nothing has changedhttps://community.betfair.com/politics/go/thread/view/94150/29802793/fair-pay-for-bankers?post_id=529802759#529802759p.s. was it Lincoln who said 'you can fool all of the people some of the time.....' - this statement basically sums up how politics works, and going by many of the views on this forum (and the same goes for the public in general), nothing has changedWed, 13 Mar 2013 15:33:20 -0500