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Maximum wage ?

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By  *dowannafuck    profile verified by photo premium paying member (M) 19 weeks ago

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Jeremy Corbyn has suggested that there should be a maximum wage maybe £1million a year

Does this sound like a good idea ???

Personally I think it would be unworkable

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By *sunamiwarrior   profile verified by photo (M) 19 weeks ago

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It sounds like the idealistic rant info of a guy in the pub. Sadly some people will be conned by the rhetoric.

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By  *dowannafuck    profile verified by photo premium paying member (M) 19 weeks ago

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It sounds like an idea from the back of an envelope

With no thought about how it would be implemented or a level

Does this only apply to bankers/ industry bosses

What about actors sportsmen and women etc

For instance if they put the level at 5 million a lot of premiership footballers get more than that

Some considerably more and nearly all top class footballers would no longer come here, the same applies to golfers tennis stars and I would guess most bankers and business people would just move abroad thus destroying any chance of improving our economy

I'm not keen on the idea of executive pay being 145-160 times the salary of a teacher but there must be a better way

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By *om44  (M) 19 weeks ago

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"It sounds like an idea from the back of an envelope

With no thought about how it would be implemented or a level

Does this only apply to bankers/ industry bosses

What about actors sportsmen and women etc

For instance if they put the level at 5 million a lot of premiership footballers get more than that

Some considerably more and nearly all top class footballers would no longer come here, the same applies to golfers tennis stars and I would guess most bankers and business people would just move abroad thus destroying any chance of improving our economy

I'm not keen on the idea of executive pay being 145-160 times the salary of a teacher but there must be a better way"

Footballers are self employed as are nearly all sports people.

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By *ornyguy1979   profile verified by photo (M) 19 weeks ago

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It's a truly truly stupid idea. All it'll do is drive the head offices of companies abroad, as the CEOs will not want to be working in a country where their earnings are limited by the petty ideology of a merchant of jealousy and hatred like Corbyn. He also has not thought about the actual proportion of tax revenues provided by higher earners and the impact removing them from the economy would have. I mean, I'd like to be a 40% taxpayer, but not if I'm only earning £18K! Thank fuck he's never going to be Prime Minister.

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By *quidbra1n  (M) 19 weeks ago

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No way am I taking a wage cut

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By *ooder  (M) 19 weeks ago

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"It sounds like the idealistic rant info of a guy in the pub. Sadly some people will be conned by the rhetoric. "

Them rhetorics should keep bloody quiet, come over here with their fancy ideas and strange ways...

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By *eteManch   profile verified by photo (M) 19 weeks ago

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I'm from a humble background, not your typical tory voter, but they keep pushing Teresa May, saying they don't have a plan for Brexit.

They have a bloody nerve, they totally do not have a clue and are completely and utterly unelectable!

Pete

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By *otalsubguy  (M) 19 weeks ago

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I cant believe how labour have become totally un electable, the party are in a complete mess

Does he really think this can work !

Is this all they can come up with when the countrys in the state it is, words fail me

On the subject of a maximum wage, if it was to come into force by some miracle of fate, there are very easy ways around it. I know of a rugby league player who was top earner at the club. because of the salary cap they couldn't pay him any more, so they simply employed his wife as a cleaner on thousands every week - easy way round

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*ordic-knight By *ordic-knight   premium paying member (M) 19 weeks ago

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Another sound-bite from Clueless Corbyn. Completely unworkable. The high earners would simply move abroad so the treasury would lose the vast amounts of tax they say. And the lower said would gain nothing. In fact they could lose out in the long run.

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By *sunamiwarrior   profile verified by photo (M) 19 weeks ago

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"Another sound-bite from Clueless Corbyn. Completely unworkable. The high earners would simply move abroad so the treasury would lose the vast amounts of tax they say. And the lower said would gain nothing. In fact they could lose out in the long run."

-

Absolutely. The high earners would not notice the difference as they would just work around it and those hit the hardest would be the employees who's jobs either move away or they suffer force d redundancies.

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By *iman60   premium paying member (M) 19 weeks ago

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He is making the Tories the only party and it is like he wants them to win. As previously said re the Rugby League player this is already done across the board in some shape or form, some more obvious than others but some "footballers wives" are employed as PAs at £50k per month with equivalent bonuses.

But just the rhetoric is enough to get big business running scared and the execs thinking about moving the head office outside of the UK. Dublin now being looked at favorably by a few large corporations. And of course if they then become non doms then a lot of tax is lost as well.

He needs to think before opening his moputh.

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By *poty   profile verified by photo (M) 19 weeks ago

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The Torie Party love Mr Corbyn ,he is the modern day Mr Foot ,and Mr Kinoke . The left in labour party love him .But has got no chance of ever winning a national vote. Untill the labour party can find another Mr Blair . The Tories have not a thing to worrie about. They can do what they like. I say Blue Knight for PM . The first openly gay PM. Bring it on.

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By *cousedpw   profile verified by photo (M) 19 weeks ago

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I think he should check his figures. 25% of tax revenue is paid by 1% of the population (the high earners).

It would put at least 2p in the pound onto the basic rate of tax. That would hit low earners the hardest.

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By (user no longer on site) 19 weeks ago

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"It sounds like an idea from the back of an envelope

With no thought about how it would be implemented or a level

Does this only apply to bankers/ industry bosses

What about actors sportsmen and women etc

For instance if they put the level at 5 million a lot of premiership footballers get more than that

Some considerably more and nearly all top class footballers would no longer come here, the same applies to golfers tennis stars and I would guess most bankers and business people would just move abroad thus destroying any chance of improving our economy

I'm not keen on the idea of executive pay being 145-160 times the salary of a teacher but there must be a better way"

No great loss there then. Football - ridiculous game, wrong shaped ball , not enough men.

No wage cap needed, just pay workers more money and executives less. Germany , Sweden, Norway , all do that . Last time I looked they seemed to be doing ok. More disposable income. More goes into the economy. Simple.

We are one of the top economies in Europe and probably the world. Workers here get treated on a par with corrupt Southern European countries , e.g. Sports Direct et al. Ciao for now.

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By *ean3591  (M) 19 weeks ago

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Dont think i could manage on just £1m a year!

Yes, i am joking.

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*osa By *osa   profile verified by photo (TV/TS/CD) 19 weeks ago

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If this is the best suggestion that a politician can come up with, irrespective of whether they are in government or opposition, then we all need to look at what we vote for. I agree with the basis of fixing a minimum wage to protect the poor, but don't remove peoples personal visions, dreams and expectations etc, by putting a seal on what they can achieve, financially or otherwise

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By *artney  (M) 19 weeks ago

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You find the super rich are the biggest philanthropists and give a lot of their wealth away.

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By *utitinmybum   profile verified by photo (M) 19 weeks ago

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Corbyn must be practising to become a non elected euro beaurocrat as all they seem to do is come up with completely idiotic ideas.He is probably hoping things like this will keep him in the public eye.It does but for all the wrong reasons.

He is a complete political dinosaur.

Good job he is labour which means if he carries on they will be completely un electable.

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By  *es20    profile verified by photo premium paying member (M) 19 weeks ago

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Would that apply to all us poor fuckers lol

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By *he Blue Knight   premium paying member (M) 19 weeks ago

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I listened too Corbyn this morning and would appear his old mantra of envy politics has risen its head again. He has spouted this sort of hype many times before from the back benches over the years so there is nothing new in what he has said except to say he is saying this as the Labour Leader much to the surprise of his own MPs.

He thinks putting a cap on high earners would work, so how would you stop a private company whereby the owner of that company has invested his own money into and has created a considerable company and now wants to reap some of his hard earned wealth. So he draws a salary of £1,000,000.00 his tax would be £436,143.00 this would depend on whether he was married or not so it’s a rough figure but more or less correct. His National Insurance would be £23,271.30 this would leave his take home pay of £540,585.70, so all in all nearly half his salary goes into the Government pot. Then lets look at a salary of £2,000.000 whereby the tax paid is £886,100.00 and NI would be £43,333.00 leaving your take home pay of £1,070,567.00 again nearly half his salary into the Government pot.

Then you have multi-nationals with CEO’s who earn substantial salaries and share options and why do you think Boards pay their CEO’s these, because they increase the turnover and the profits by opening new markets and new lines. Yes the workers help to increase the turnover but THEY are not responsible to the board is the company makes a loss and profits dip, it’s the CEO’s who get the push not the work force. Responsibility comes at a cost in both way, high salaries for a period of time and only whilst profits are coming in.

Certainly earning £50K in 2016 was not considered to be a high salary, there are over 1.5M earning more than £100,000 and nearly a million earning in excess of £150,000.

Do I think pay is low in the UK well it depends on what you consider low, I am informed by the DWP that the national average wage, is around £26K. The Prime Minister has used this new phase the “squeezed middle England” whereby the average salary income per household is around £50K. So you need to work out how many people on £50K would you need to contribute £886,000 in tax in one year well its nearly 100. So for those who earn £50,000 after tax the take home pay is £36,467 annually, that’s £9,200.00 in Tax and National Insurance of £4,332.80 per year.

As to dangerous inequality well, consider this: let’s take my boss, who is a senior equity partner in a big City law firm. Let’s say he earns £500,000 which , for the sake of simplicity, is taxed in full at 45% (I know that’s not quite true but it’s fine for comparison purposes). That means that his take home is £275k. That’s a lot of money in anyone’s book and is, I suppose, what someone who was lucky enough to be clever and well-educated could, after a lot of hard work and a few strokes of luck, hope to reach after 25 years in a well-paid job.

But what about the banker who gets paid £5million? he pays 45% tax too. That leaves him with £2.75million after tax and NI so you see in relative values more or less the higher the salary the more you pay in actual tax which contributes to the exchequer far more than those on lower incomes. Which all the commentators today have said Corbyns rant will not bring in more to the exchequer unless you start to tax those on lower incomes at 45% and those on higher at 80% but even this will not plug the gap because we have all seen what happens when Governments increase the tax rates those on higher incomes leave their country just like those in France who decided enough was enough and came here to work and live.

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By *he Blue Knight   premium paying member (M) 19 weeks ago

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Further to my post, those on very large salaries have considerable expenditures. School fees, university expenses, medical expenses, medical insurance, large mortgages, maybe a holiday home, a gardener, a housekeeper. So from their net income they spend a considerable amount in keeping others in jobs……so when I hear that old mantra of tax the rich until the pips creak the only thing that will happen is they will relocate outside of the UK…….but Labour does not see this, anyone who has anything about themselves in creating wealth is frowned upon with envy.

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By *ublet07  (M) 19 weeks ago

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Only a Tory could have made the above statement

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By (user no longer on site) 19 weeks ago

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"Only a Tory could have made the above statement"

And only a Labour politician could come out with the crap that Corbyn does! Still, he's doing the Tories the world of good at the moment, thanks to his drivel and surrounding himself with those vile creatures on the Opposition Front Bench!

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By *sunamiwarrior   profile verified by photo (M) 19 weeks ago

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I'm not into the politics of envy. The more people can earn then good luck to them and it's worth remembering that most wealthy people do work very hard and many have dragged themselves up from nothing through that hard work or years of training.

I do share Corbyn's views on many occasions but I feel that i could grab a upturned crate on Hyde Park corner and declare....

We must help the poor.

We must give more to the dissadvantged.

We must fight for the disabled.

We must crucify the big earners.

We must nationalise everything.

We must give more power to the unions.

We must support every striker.

We must provide sunsidised housing for everyone.

etc ect etc .....

and we all know that by now I would have a large crowd gathering shouting yes yes hooray three cheers etc etc and I have obviously proven beyond any doubt that I am a very left wing, socialist capable of running the Labour party standing on my head.

Therein lies the problem with Labour. this is more or less what they have been shouting for the past 50 years but they have not done a single thing to make any of it happen.

Of course this is not just the fault of the Labour party. No-one of any party could make it happen. It's a nice dream but an impossible one.

If I stood on the same soapbox shouting ....

Let's give more money to companies so they can expand and hire more labour.

Let's cut corporatioin tax as it will benefit everyone.

Etc tc Etc ..

These would then be scoffed at as helping the rich reghardless of whether that is true or not.

The point is words are cheap as chips and no amount of declaring your good intentions with rhetoric and soundbites will make you a goos socialist. Only your actions can do that and sadly coming up with unworkable plans does nothing and proves nothing.

Corbyn is making Labour unelectable and even most Labour supporters laugh at him and want to see him go. Labour do need someone on the left but someone with a bit more savvy and someone who can come up with workable ideas that we can support. We need a Labour party more now than for a very long time and corbyn is destroying it.

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By (user no longer on site) 19 weeks ago

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"Further to my post, those on very large salaries have considerable expenditures. School fees, university expenses, medical expenses, medical insurance, large mortgages, maybe a holiday home, a gardener, a housekeeper. So from their net income they spend a considerable amount in keeping others in jobs……so when I hear that old mantra of tax the rich until the pips creak the only thing that will happen is they will relocate outside of the UK…….but Labour does not see this, anyone who has anything about themselves in creating wealth is frowned upon with envy."

Response to Tory Boy Blue Knight.

Spread the wealth more evenly and the WHOLE economy would benefit ,not just a few doff lockers who work for these over bloated so called captains of industry. Let them leave the U.K. without their ill gotten gains and no job. I am sure we have talent a-plenty to replace them at a more realistic rate of pay.

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By *ublet07  (M) 19 weeks ago

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I agree, Corbyn is the best boost to recruitment the Tories ever had.

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By *eeksYounger  (M) 19 weeks ago

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"Jeremy Corbyn has suggested that there should be a maximum wage maybe £1million a year

Does this sound like a good idea ???

Personally I think it would be unworkable"

Wasn't this idea floated by that nice Mr Cameron (remember him?)just a few years ago?

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By *he Blue Knight   premium paying member (M) 19 weeks ago

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And Mr Backup, they tried that in the USSR and in Cuba, it did not work which is why Cuba requires so much CASH now to get it into the 20th century let alone the 21st Century. Dinosaurs like you belong in the 1970’s and we are NOW 2017. Your comment about ill gotten gains is a rather crass comment made by those so on the left your off the radar.

Those who work within a PLC are controlled by shareholders who have a responsibility under company law which regulates corporations formed under the Companies Act 2006, its called corporate governance in the United Kingdom (England and Wales).

Having the talent, my word its not just the talent which is required it’s the ability to make the company work and create profits for the company and why does a CEO have to do this because PENSION FUNDS invest in companies to be able to pay for those who have private pensions. Private companies, why should those who create wealth not be able to profit by it if its their own funds which has started that company

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By *he Blue Knight   premium paying member (M) 19 weeks ago

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And you Mr Sublet, maybe if you found yourself a job in anything then maybe you might have a better outlook on life?????

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By *he Blue Knight   premium paying member (M) 19 weeks ago

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and to Sutton-in-Ashfield, No Mr Cameron did not suggest that at all...He is a free marketer not some dinosaur like Corbyn.

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By *eeksYounger  (M) 19 weeks ago

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"and to Sutton-in-Ashfield, No Mr Cameron did not suggest that at all...He is a free marketer not some dinosaur like Corbyn."

. . . and to the petty official from the House of Commons typing pool, oh yes he did!

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By *arcusUK2  (M) 19 weeks ago

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Corbyn?

Corbyn?

No, doesn't ring a bell. Can't be important.

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By *he Blue Knight   premium paying member (M) 19 weeks ago

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This is what David Cameron said and I quote “I'm in favour of people setting up great businesses in Britain, expanding those businesses in Britain, making lots of money when those businesses succeed in Britain”.

“Government should not tell people what they are to be paid but where you have got a market failure – and to me this is a market failure – we saw between 1998 and 2010 the average pay of FTSE executives go up four times. Some people are worth £2 million because they have added masses of jobs, masses of investment, masses of growth. But where there was excessive growth of payment, unrelated to success, frankly ripping off the shareholder and the customer, and is crony capitalism and is wrong. It's also, and this is the key point, payments for failure, that’s not on.

The absolute key, and I can confirm this today, that does need to happen and will happen is clear transparency in terms of the publication in terms of proper pay numbers to really see what people are being paid and then binding shareholder votes so the owners of the company vote on the pay levels and – absolutely key – votes on parts about dismissal packages and payments for failure." NOTHING WHATSOEVER ON CAPPING ON PAY, the reason being is you cannot legislate on corporation or private company pay……..

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*ordic-knight By *ordic-knight   premium paying member (M) 19 weeks ago

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Even if Corbyn and his band of dinosaurs ever got their grubby little hands ot the reins of power, I doubt they would implement this airy fairy policy. Yesterday he made two totally contrasting comments about immigration. Proves he hasn't got a clue or is going senile.

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By *ewcocol   premium paying member (M) 19 weeks ago

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"It sounds like an idea from the back of an envelope

With no thought about how it would be implemented or a level "

Labour party policy made on the back of an envelope caused us to end up with Gordon Brown according to legend.

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By (user no longer on site) 19 weeks ago

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"And Mr Backup, they tried that in the USSR and in Cuba, it did not work which is why Cuba requires so much CASH now to get it into the 20th century let alone the 21st Century. Dinosaurs like you belong in the 1970’s and we are NOW 2017. Your comment about ill gotten gains is a rather crass comment made by those so on the left your off the radar.

Those who work within a PLC are controlled by shareholders who have a responsibility under company law which regulates corporations formed under the Companies Act 2006, its called corporate governance in the United Kingdom (England and Wales).

Having the talent, my word its not just the talent which is required it’s the ability to make the company work and create profits for the company and why does a CEO have to do this because PENSION FUNDS invest in companies to be able to pay for those who have private pensions. Private companies, why should those who create wealth not be able to profit by it if its their own funds which has started that company

"

Yes BK , very left and proud of it. The sooner we manage to get shot of this present rotten regime the better,

While were at it, the right wing of this country continue to try and put the frightners on the electorate with horror stories about communism. For the record I am also a believer in the free market and have owned my own successful business employing over 80 staff, who I hasten to add were alll very well paid and encouraged to go out and start on their own, I even bank rolled some of them so I'll take no lessons from you , who probably, has never had to find the money for a big payroll from his own pocket. I do believe in free markets, I also believe in a more equal pay structure then we have in the U.K.

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By *ornyguy1979   profile verified by photo (M) 19 weeks ago

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"While were at it, the right wing of this country continue to try and put the frightners on the electorate with horror stories about communism.

"

Because they're all true, and we should be frightened. The repression, the secret police, the camps and the famines. The spies setting people against their own families, the insidious reach of the state into men's souls. A system so perfect people risked death to flee it.

Two history degrees, bub. Suck it up.

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By *ewcocol   premium paying member (M) 19 weeks ago

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If the business was successful why did the payroll money have to come out of your own pocket?

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By (user no longer on site) 19 weeks ago

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"While were at it, the right wing of this country continue to try and put the frightners on the electorate with horror stories about communism.

Because they're all true, and we should be frightened. The repression, the secret police, the camps and the famines. The spies setting people against their own families, the insidious reach of the state into men's souls. A system so perfect people risked death to flee it.

Two history degrees, bub. Suck it up."

In case you don't use English as a first language. I did not mention the U S S R or Cuba. I used the word communism which, as a concept, is far removed from those two awful regimes. It's about s o c i o - e c o n o m i c s . BUB!

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By *ornyguy1979   profile verified by photo (M) 19 weeks ago

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The principles of communism require the abnegation of individual freedom in the service of a bureaucratic state, the better to reduce the human to a work-machine, and the seizure of private land for inefficient state monolopies which inevitably cause shortages of food as the planned economies which are demanded by communism rarely take into account variations in production or demand. The socioeconomic system very rapidly becomes moribund, leading to economic decline and social torpor, until eventually either the system is freely liberalised or forcibly overthrown. I've done the reading, which means I can explain it. Did I mention? Two degrees.

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By *HIOG  (M) 19 weeks ago

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"I'm not into the politics of envy. The more people can earn then good luck to them and it's worth remembering that most wealthy people do work very hard and many have dragged themselves up from nothing through that hard work or years of training.

I do share Corbyn's views on many occasions but I feel that i could grab a upturned crate on Hyde Park corner and declare....

We must help the poor.

We must give more to the dissadvantged.

We must fight for the disabled.

We must crucify the big earners.

We must nationalise everything.

We must give more power to the unions.

We must support every striker.

We must provide sunsidised housing for everyone.

etc ect etc .....

and we all know that by now I would have a large crowd gathering shouting yes yes hooray three cheers etc etc and I have obviously proven beyond any doubt that I am a very left wing, socialist capable of running the Labour party standing on my head.

Therein lies the problem with Labour. this is more or less what they have been shouting for the past 50 years but they have not done a single thing to make any of it happen.

Of course this is not just the fault of the Labour party. No-one of any party could make it happen. It's a nice dream but an impossible one.

If I stood on the same soapbox shouting ....

Let's give more money to companies so they can expand and hire more labour.

Let's cut corporatioin tax as it will benefit everyone.

Etc tc Etc ..

These would then be scoffed at as helping the rich reghardless of whether that is true or not.

The point is words are cheap as chips and no amount of declaring your good intentions with rhetoric and soundbites will make you a goos socialist. Only your actions can do that and sadly coming up with unworkable plans does nothing and proves nothing.

Corbyn is making Labour unelectable and even most Labour supporters laugh at him and want to see him go. Labour do need someone on the left but someone with a bit more savvy and someone who can come up with workable ideas that we can support. We need a Labour party more now than for a very long time and corbyn is destroying it.

"

You have summed up Labour and Corbyn perfectly. Although the major unions would very quickly become Communist led parties who would do anything to bring the UK to its knees under the guise of tackling the Establishment I don't see Labour ever becoming that extreme. Communism doesn't benefit the masses and never has. It is a back doorway of giving leaders ultimate control.

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By *he Blue Knight   premium paying member (M) 19 weeks ago

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Well Mr backup you are completely wrong about me not being in business. I have been a "business angle" for about 10 years prior to 2010 investing in a number of start up companies and only two have failed and that was because of the financial crash of 2007/08. This was whilst I was working full time in the NHS and before those on jump on me I was not allowed to invest in any medical company whether a on going business or a start up.

I am still involved in business through blind trusts, I do not know what my Trustee’s invest in but I would expect some would be in start ups according to “my letter of wishes” which I signed in 2010 to distance myself from being accused of being to close to companies of which I may or may not have had or may have dealings with.

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By *ublet07  (M) 19 weeks ago

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And you Mr. BK, might like to know I have kob. Not only that but in the past have run my own business and very successfully. I have an outlook on life that suitsme. I admit that unlike you I do not have a degree in pomposity but I can live without that.

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By *he Blue Knight   premium paying member (M) 19 weeks ago

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well thats good you have run your own business, but your profile states unemployed? the problem Mr sublet is you confuse self assuredness and confidence with your take on the word pomposity, maybe a re-read of the Dictionary may help you in future. Have a very good evening, one needs some rest its been a very trying day in keeping up with what Donald Trump will do next.

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By *ublet07  (M) 19 weeks ago

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My my, just one paragraph (looked that one up in the dictionary), I expected at least a book. Enjoy your rest, it could be worse, Trump could be over here.

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By *ajor mistake  (M) 19 weeks ago

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Corbyn and those who back him actually do the low paid a disservice, no employer worth their business will set out to take advantage of their staff if conditions did not allow them to, if work prospects and wages increase who stand the most risk of loosing their work force? the boss who pays low wages and abuses his staff,

Whats needed is for us to become a high skill high wage economy, not an European sweat shop, so kids need to be educated, new ideas funded and not just developed then sold off abroad and most of all everyone in a business should be made to feel as important as the MD, or CEO, the best firms here in the UK, are the ones that share their profit with those who made it, and who listen to their staff,when they have ideas on how to make a process easier to do, or Less wasteful,we shouldnt need a law that says you should have workers on the board, it should be in any companies interest to ensure its staff have a say and are valued as part of that firms sucess

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By *sunamiwarrior   profile verified by photo (M) 19 weeks ago

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"Corbyn and those who back him actually do the low paid a disservice, no employer worth their business will set out to take advantage of their staff if conditions did not allow them to, if work prospects and wages increase who stand the most risk of loosing their work force? the boss who pays low wages and abuses his staff,

Whats needed is for us to become a high skill high wage economy, not an European sweat shop, so kids need to be educated, new ideas funded and not just developed then sold off abroad and most of all everyone in a business should be made to feel as important as the MD, or CEO, the best firms here in the UK, are the ones that share their profit with those who made it, and who listen to their staff,when they have ideas on how to make a process easier to do, or Less wasteful,we shouldnt need a law that says you should have workers on the board, it should be in any companies interest to ensure its staff have a say and are valued as part of that firms sucess "

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An excellent post sir!

When I wanted my staff to give their input into the running of the company I found they weren't particularly keen although they did to some extent.

The problem was years of indoctrination of the working classes by those who hate anyone who has money or runs a company. Even on the forum here you will see plenty of fingers pointing at 'rich bastards', 'bosses only want to take advantage', 'employers will pay as little as they can get away with' and it has alienated employees against employers. In reality (given 50 years of being variously employed and running businesses) all the venom comes from those indoctrinated to be bitter and to hate others. When talking to the wealthy or to employers and managers it would be extremely rare to find a bad word said about the working classes and I would say they are very much appreciated. Most companies will pay a salary commensurate with the work being done. I have never met a single employer who employs immigrants for any other reason that their work ethic.

Even some employees who were my personal friends I could tell felt uneasy being given extra responsibily of inputting their ideas.

Anyone who has used a 'suggestion box; (I havent but have worked for a few companies that have) will find that 99% of the suggestion are just ways of the employees earning more or working less. The other 1% will be jokes and from Mickey Mouse.

Employees tend to see their own problems but not those of management and sadly they usually dont change.

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By *he Blue Knight   premium paying member (M) 19 weeks ago

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So for the few on here who despise those who earn large incomes just think about one person here in the UK, Sir James Dyson, the founder and 100% owner of Dyson who in 1978 having become frustrated with his vacuum cleaner’s diminishing performance. He set to work, five years and 5,127 prototypes later, he had invented the world’s first bagless vacuum cleaner. His wife’s income from being a teacher helped keep the family afloat as the inventor’s idea was initially rejected by British retailers.

Today, there are Dyson machines in over 65 countries around the world; James Dyson has grown his company from one man and one idea to a technology company with over 1,000 engineers working worldwide.

What James Dyson is doing is putting his own money to open his own institute to train engineers, who he says are badly needed if UK companies are to remain competitive. The Dyson Institute of Technology, opening in autumn 2017, will create home-grown talent. The UK needs another one million engineers with skills in software, hardware and electronics by 2020. The £15m institute will be based at Dyson's campus in Malmesbury in Wiltshire and will offer a four-year engineering degree in partnership with the University of Warwick.

So here we have a private company where the founder can take whatever he wants in share dividends having created a world class company and yes he took £59M last year as part of his incentives.

The new Malmesbury centre will allow the 3,000 staff to develop new products in secrecy and the company plans to employ thousands more as its research into new areas continues. Dyson has committed £1.5bn into R&D with new battery technology a major area of focus, that’s an amazing amount of his own money he is re-investing in his own company. What were the drawbacks to get to where he is now. Well he had to start small, investing what he sold back into his business and it took 17 years to perfect his design and all of the time he did not enjoy the “fruits of his labours”.

He was asked whether he would ever sell his company and his reply was and I quote “I will never float or sell my company and I plan a leadership succession that will keep the business under my family’s control for at least the next generation with my son taking over at some point, it will remain totally independent. I don’t have to worry about shareholders or the City and what they think.

So here is a man who has created wealth but not only that he has also created a futuristic £250m research and development centre in Malmesbury, Wiltshire last year now that is what I call a real business man and do I object to his vast wealth being a billionaire not one jot he deserves every penny he takes home, but knowing the person he will invest far more in his business than his take home pay. Lastly he is one of the most generous benefactors to a wide spectrum of charities here in the UK.

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*etropolis By *etropolis   profile verified by photo (M) 19 weeks ago

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Strange that James Dyson resigned as a Director on 22 July 2010 from Dyson Limited. He also resigned as a Director of Dyson James Limited on 23 April 2010.

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By *he Blue Knight   premium paying member (M) 19 weeks ago

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strange....you really need to understand about company structures.....look at Dyson James Group Limited where Sir James is Chairman then look at Dyson James Limited and all of the companies under that name which are right across the world.

He owns everything......all the shares in all of his companies locK stock and barrel in fact his companies paid out £240M in dividens to him and Lady Dyson......need any more info?

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*etropolis By *etropolis   profile verified by photo (M) 19 weeks ago

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I didn't say he didn't. I just pointed out that he isn't a director of 2 of the companies which bear his name.

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By *he Blue Knight   premium paying member (M) 19 weeks ago

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So let me finally explain to you about this structure, Dyson James Limited all shares are owned by Dyson James Group Limited, all shares of Dyson James Group Limited are owned by Holkham Group Limited of which James Dyson is a director and chairman and is the majority shareholder.

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*etropolis By *etropolis   profile verified by photo (M) 19 weeks ago

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No... let me explain this to YOU. I fully understand the structure of all his companies. I only pointed out that he isn't a director of the 2 I mentioned. I didn't say anything about shareholdings.

I'm fully aware that the shares of Dyson James Group are owned by Holkham Group Limited, all 1002 of them.

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*licia By *licia   premium paying member (M) 19 weeks ago

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I would rather see an enforcement of the corporate tax than a cap. Simply threaten the corporations who avoid the tax by saying that they either pay the tax or they will be fined double the rate and then you start talking in parliament about raising the tax and the fines that go with it. The companies would loose their minds and give in. They would threaten to leave but that would only shoot themselves in the foot.

A cap wouldn't be as effective and is too vague.

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