To feel depressed and angry about Bankers Bonuses

[SapatSea]

Most people in the country are facing a cost of living crisis. We have had austerity for over a decade due to bailing out the banks and the "we're all in it together" mantra (lies). Although our GDP doesn't look too bad as a bald figure the GDP per person is falling year on year and the multiples of difference in salary/wealth between those at the bottom and top is ever widening. We are becoming a more and more divided society in terms of the have's and have's not.Most people are deeply worried about fuel bills and the future and then we have this
www.theguardian.com/business/2022/feb/16/weve-had-a-run-on-champagne-biggest-uk-banker-bonuses-since-financial-crash
barely reported by the MSM. It's obscene.

(I do realise that just a few months after the crash and bail out that bankers got bonuses again but this just really hurt reading it this morning)

But there is no cap on salaries, so whilst bonuses have been reduced, salaries haven't.
Plus remember why London isn't the financial draw it used to be.... the Tory policy of Brexit.

Plenty of people lower down the scale are net contributors and do not have the means of reducing their tax liability like a banker will have.

I guess it comes down to whether you want lots of bankers in London or more Teachers, Dentists, Dr's and Nurses.

Always makes me smile when the most tory of tories on here, weren't complaining when the UK borrowed 350 billion to bail out banking when they fucked up, or now giving 10s of billions in subsidised energy costs for the banking sector.... instead of leaving it to the "market" they are so fond of.

Brown should have never bailed out the banks with taxpayers money. If they're badly run, let them go bust like any other business.

I don't have a problem with bankers bonuses in general, it's private money and as long as their paying taxes on it, where's the problem? It's not like the banks are paying them the money out of the goodness of their hearts, they're paying them a small percentage of the profits they make for the bank. Banking is far more meritocratic than most other industries, if you can make them money they will employ you and pay you well, regardless of where you went to school. Very different to sectors such as journalism or the legal profession where family connections mean everything.

Let the banks go bust? Oh dear. You really don’t understand how the global system works.

If they're private businesses, they should be allowed to go bust. Otherwise where's the incentive for them to be run properly? The "global system" would sort itself out over time.

Let the banks go bust? Oh dear. You really don’t understand how the global system works

So socialism has it uses! Funny that.

But of course, retail banking cannot go bust, we'd see societal collapse & thats why it has to be regulated, inc salaries and wages, otherwise they have it both ways and as Florenz says, leads to badly run business.