Idiotic socialist Brendan Barber of the TUC is complaining about executive pay.
Many now earn more money than they can possibly need, but the size of their pay packet has become a status symbol. My worry is that this is all leading us by stealth towards an Americanisation of UK society where the gap between rich and poor is no longer worthy of comment.
Who is Brendan Barber to tell people what they are allowed to pay each other? The reason top executives are paid so much is that that is what their employers think they are worth. As for the gap between rich and poor, so what? The ‘poor’ today are richer than they have ever been and it is because people are motivated to create wealth by working hard to make money. De-motivating top executives by capping their pay will not help ‘poor’ people. What does Mr Barber think they do with all their money anyway? A: they invest it and spend it, which creates employment and helps ‘poor’ people.
Someone needs to give him an economics lesson.
What a load of garbage!
Come on styeve, if you’ve got something to say, say it. Tell me what you think; tell me why I’m wrong.
I’ll tell you why you’re wrong. The “Poor” today may be richer than they have ever been, but so have the rich. The gap between the two has at the very least stayed the same and at the most got worse.
TC, why is it the “gap” that bothers you so much?