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Maximum Wage for Greedy People like Bankers? Bring it on!

by magimike | August 22, 2009 at 01:49 pm

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Saturday, 22 August 2009 Compass High Pay Commission Campaign Compass are running a campaign for a High Pay Commission to balance the Low Pay Commission that led to the minimum wage. They have a statement that anyone in support of it can sign. This is the web address where you can read the statement and sign it in support, if you wish:

http://www.compassonline.org.uk/...ign.asp?n=5246

The greed of the bankers has shown a maximum wage is needed. Let us support it. It's fair.

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eastvanray

at 15:29 on August 22nd, 2009

Um. Isn't that communism? It is certainly socialism, anyway. And why only bankers? Aren't Hollywood "actors" are overpaid? What about baseball players? Surely THEY are overpaid and greedy! Better add the guys who run Google and Microsoft. Bill Gates makes way too much! And don't even get me started with Seinfeld and Oprah! U2? They are highly paid and they are really annoying (OK maybe just Bono is really annoying). This idea is stupid, petty and small minded. Let the market decide how much people should make not the government.

Babel-Fish

at 01:09 on August 23rd, 2009

Over paid politicians annoy me, most of those that signed the petition where fiddling their parliamentary allowance even though they are over paid socialist. Bankers of course were blamed for the financial meltdown so lets throw stones.

Un-fortunately it would be communistic and though I would love the Bankers to be punished I really hate communism more.

eastvanray

at 10:56 on August 23rd, 2009

In a properly functioning free market economy no one is over paid for any apprciable time as competition soon bids wages down to equilibrium. The fault here is the BOD. If they did their job properly and represented shareholders' interests these salaries would not have been acceptable. I have no problem with people making as much money as possible as long as they earn it. The compensation packages should focus on the bonus portion more and tie that with long term earnings. Maybe a bonus % that increases each year that earnings performances improve.