I think austerity is not working the greedy rich are too greedy.
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These are both old and have probably be posted in some form or another but when taken together they do provide some kind of insight into why some people believe growth in Britain has simply been a tool to make the rich richer and why some say trickle down economics is pure fantasy.
This is clearly unsustainable but doesn't appear to be an issue this government wish to tackle as it flies in the face of their ideology. I would imagine this kind of rampant inequality is a significant issue already for anyone who voted for Labour in the most recent election so I guess it would be more interesting to hear from anybody who sympathises with the Conservative parties position on business/tax and the future of the UK.
FYI the average FTSE100 CEO pay is now well over 5 million.
I think austerity is not working the greedy rich are too greedy.
It's too late to absorb the OP's charts but another has fascinated me today, that of Ethereum, up 22% on the day. This wholly contrived Qatar shenanigans has sparked financial rumours of a banking crisis centered on that country first thing Monday morning. Is it to be the Black Swan event?
I'm certainly not a sympathiser with Conservative parties, so I'll limit myself to saying that what jumps out at me from the CEO pay v revenue, profits and FTSE index chart is that the exorbitant wages paid to the CEOs are in no way justified by the performance of their companies.
The IFS have split wage growth into 2 parts: existing jobs have seen real terms wage growth and new jobs have see lower starting wages. In other words, if you had a job your pay has increased in line or above inflation but if you were starting a job for the first time your starting pay has decreased in real terms.
Slowest recovery since the 1700's under the Tories, it's almost like they are doing it on purpose to destroy the public sector, NHS, social welfare, etc. Can they really be this bad?
I agree with this but it isn't how it works. I wouldn't want a situation where a limit is imposed, it would be too massive a step from what we have now (effectively a government which rubber stamps rising inequality). However big business doesn't seem to be able to curb their own behaviour, why would they? The idea that angry shareholders will bring about positive change is laughable, they will just want to be a bigger recipient of the money grab themselves.
Privatisation has made it almost impossible to go about your daily life without endorsing some company or another. If the government gives the franchise contract to a company who pays its CEO an obscene salary I should feel obliged to just not the train and walk 20 miles to work?
Do you have a link to this EU / Multinational tax dodge that you keep referring to. I have Googled it (irony alert) several times, but this article from HMRC is the closest I can find.
https://www.gov.uk/government/news/f...l-corporations
It makes no reference at all to any overarching EU corporate tax laws, but I'm certainly no expert.
Perhaps someone who is like Feedy, but is not Feedy could clear up my confusion