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ADEREMI'S NOTEBOOK

19 February 2007

Phat City Bonuses

Peter Hain, Northern Ireland Minister has suggested “City firms should donate two-thirds of their bonus pots to charity rather than giving employees six-figure bonuses”. We all know this is a very sensitive subject.

People (mostly “city workers”) have been making their views known on here. Below are some interesting comments.

‘Two-thirds ? Why stop there ? Take the lot. After a while I’ll be able to register as a homeless person, receive ‘charity’ - and probably make more money doing nothing than I did working my nuts off !’.

This is not bad idea if you think about it. No?

“Big buck bankers already give more than enough of their hard-earned dosh to the taxman. I suggest Mr Hain speaks to the Treasury about redirecting some more funds to the poor. We are already over-taxed (income tax, national insurance, council tax, VAT, stamp duties, death duties, congestion charges, parking fees, etc) - the government needs to look at how they spend all this money before thinking of stupid ways to raise yet more revenue, which will doubtless also be wasted”

Mr Hain, please speak to Mr Brown. Maybe he wiil agree to redirect some of those funds to your department.

Rubbish tax, coming soon.

Tags: Investments, London

Comments (2)

Wulf February 20th, 2007 at 9am

In a recent survey, it was suggested that some of the “happiest” countries in the world are the Scandinavian ones. Their taxes are very high but most of the citizens aren’t concerned about making as much money as possible and choose instead to invest themselves in friends, family and richness of life.

I suspect that some of the British “city boys” would change their tune if they actually did a couple of weeks of hard work rather than just playing with money. As for the rest, I would be very happy if they went somewhere with “better opportunities” and left us to become more Scandinavian.

aderemi February 24th, 2007 at 3pm

It does depend on which survey you choose to believe.

3years ago, Nigeria had the highest percentage of happy people. Now, Scandinavian is the happiest place to be. I tend to be sceptical about these surveys. What is the definition of happiness?

Scandinavian has a very good social system that works, maybe that explains it. Nigeria has oil…can’t explain that one.

Back to bonuses, maybe we should blame capitalism…

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