NMCmassive, Wed 28 Oct 01:22

Dave what you’re saying is that they’re only allowed to be as big as or earn as much money as you’re happy with them making irrelevant of how much time, effort or risk they’re taking as individuals.

I was trying to simplify with the shop keeper analogy for you.

If you owned a business, should you earn more or should your employees earn more?

Andrew283, Wed 28 Oct 14:47

Did Musk not come out years ago back when he had a PR team that he could solve world hunger. Team came back and gave him a valuation and he vanished.

Guy is a throbbing waste of carbon atoms

Dave_1885, Wed 28 Oct 17:00

NMCmassive, Wed 28 Oct 01:22

Dave what you’re saying is that they’re only allowed to be as big as or earn as much money as you’re happy with them making irrelevant of how much time, effort or risk they’re taking as individuals.

I was trying to simplify with the shop keeper analogy for you.

If you owned a business, should you earn more or should your employees earn more?

Thats not what Im saying…..you clearly think these guys have become this wealthy off their own backs, when really they have become this wealthy off the hard work of others.

You can try to simplify it all you want - nobody is saying a shop keeper shouldn’t earn more than their employee. Does that mean that the CEO of supermarkets should receive multi million pound bonuses whilst their part time employees struggle to get through month by month? 🤔

If you own a business, you should not be earning billions of pounds whilst paying minimum/below minimum wages to the thousands of employees that give you those said billions. Surely even you agree with that?

wee eck, Wed 28 Oct 20:53

If the labour market worked fairly surely we wouldn`t need to have a Minimum Wage?

NMCmassive, Thu 29 Oct 09:20

wee eck, Wed 28 Oct 20:53

If the labour market worked fairly surely we wouldn`t need to have a Minimum Wage?

Minimum wages were introduced in 1999

Since 1999, do people feel better or worse off? Of course it’s not the only factor in that but fewer job opportunities, fewer hours and less overtime, higher prices on everything, less business investment and growth (there’s a reason we are too reliant on India and China), its removing the incentive to increase your skill set (what’s the point in being tradesman when you can get nearly as much as a labourer with none of the hassle), increased pressure on public spending. So we borrow more, increase inflation, so we increase minimum wage - rinse and repeat. It’s obviously not the only factor but it is still a factor.

Was everything fair and equal before minimum wage? No, it never is. But it’s worse now. You weren’t greeting about trillionaires in the 90’s.

Again, I know minimum wage isn’t the only factor but it’s still a factor. It’s also a factor in us having the flattest economy since the Soviet Union which collapsed after it ran out of money.

I understand why there is a minimum wage, I don’t think all of the consequences of minimum wages were fully thought through including it being a political tool for votes and how that would affect both private and public services.

Zwei Pints Bier und ein Päckchen Chips bitte

NMCmassive, Sat 31 Oct 10:39

I actually wonder if there’s a better way to go about it - ie take it out of the hands of the politicians. Perhaps it should be the BoE to set the minimum wage? I’m sure there is a few indicators they could use to set it.

Dave_1885, Sat 31 Oct 17:32

NMCmassive, Sat 31 Oct 10:39

I actually wonder if there’s a better way to go about it - ie take it out of the hands of the politicians. Perhaps it should be the BoE to set the minimum wage? I’m sure there is a few indicators they could use to set it.

I wouldn’t let the BoE touch anything like that. Will end up a lot worse off than now whilst their CEO will take home huge bonuses.

Banks are the worst for letting folk build debt without restriction. RBS nearly bankrupt me by not doing any real checks and letting me borrow borrow borrow.

jake89, Mon 26 Oct 21:42

NMC, I`ve nothing against aspiration but not when that wealth is generated unfairly. I`m always an advocate for supporting local business and it`s great seeing businesses doing well and employing people. But then you have the likes of bankers.

I`m also not a massive fan of incredibly wealthy people (and I mean REALLY wealthy, not your cousin Paul who goes abroad three times a year and drives a leased Audi) who give little back. Imagine the difference someone like Musk could make if he wanted. Say he lives to 90. He`d need to spend $80m a DAY to die penniless. That`s assuming he earns not a penny more through his businesses or interest. $80,000,000 every single day. For most they coul last a lifetime on a single Musk day.

87Par, Mon 2 Nov 02:23

jake89, Mon 26 Oct 21:42

NMC, I`ve nothing against aspiration but not when that wealth is generated unfairly. I`m always an advocate for supporting local business and it`s great seeing businesses doing well and employing people. But then you have the likes of bankers.

I`m also not a massive fan of incredibly wealthy people (and I mean REALLY wealthy, not your cousin Paul who goes abroad three times a year and drives a leased Audi) who give little back. Imagine the difference someone like Musk could make if he wanted. Say he lives to 90. He`d need to spend $80m a DAY to die penniless. That`s assuming he earns not a penny more through his businesses or interest. $80,000,000 every single day. For most they coul last a lifetime on a single Musk day.

We can all not like the `unfairness` of it all. Meaning all they `lucky` rich ones. Someone has the contribute to the big fat welfare bill this country has. The way its going be hee haw `rich` left to fund the benefits bus.

Andrew283, Mon 2 Nov 12:27

87Par, Mon 2 Nov 02:23

jake89, Mon 26 Oct 21:42

NMC, I`ve nothing against aspiration but not when that wealth is generated unfairly. I`m always an advocate for supporting local business and it`s great seeing businesses doing well and employing people. But then you have the likes of bankers.

I`m also not a massive fan of incredibly wealthy people (and I mean REALLY wealthy, not your cousin Paul who goes abroad three times a year and drives a leased Audi) who give little back. Imagine the difference someone like Musk could make if he wanted. Say he lives to 90. He`d need to spend $80m a DAY to die penniless. That`s assuming he earns not a penny more through his businesses or interest. $80,000,000 every single day. For most they coul last a lifetime on a single Musk day.

We can all not like the `unfairness` of it all. Meaning all they `lucky` rich ones. Someone has the contribute to the big fat welfare bill this country has. The way its going be hee haw `rich` left to fund the benefits bus.

The rich contribute nothing you troglodyte

jake89, Mon 2 Nov 11:04

You realise that Musk and Bezos don`t contribute any taxes in the UK as they don`t live here?

Our wealthy contribute a lot, but it`s not proportionate due to how many tax loopholes there are. Just look at the likes of Clarkson suddenly backing farmers when his tax dodge loop hole was getting closed.