To be excited about trickle down economics?

[TrickleDownQuicklyPlease]

Aibu to get excited about the banker’ bonuses? Does anyone know when the bonuses might start trickling down?

[AmeliaEarhart]

Invest in a bucket OP 😂

[LaurieFairyCake]

Trickle down economics was disproved in the 80's

Literally no economic course teach it as a viable option

We're FUCKED

[icelolly12]

😂What do you mean the bonuses are being channelled straight to their offshore bank accounts/gambled on the stock market? What a shock.

[ilovesooty]

I wonder why you name changed.

[LostAtTheCrossRoad]

Sarcasm, anyone!

[ilovesooty]

@LostAtTheCrossRoad

Sarcasm, anyone!

One would hope so. The alternative is goading.

[Rapidtango]

Bwahahaha

[PickySlackTastic]

Def not being U

lord bless them bankers - I hope they don’t find spending their wealth too demanding

[GertrudePerkinsPaperyThing]

Should be coming through any day now I’m sure!

[RedWingBoots]

Stop putting those notes through the letterbox of that expensive house in the best part of town. You are aware it won't trickle down to that homeless guy you saw sitting outside Tesco Metro yesterday?

[FayeGovan]

I cant wait for the trickle. Im sure they'll think of me.

[QuebecBagnet]

Oh yes. I can’t wait for a rich banker to give me a portion of their bonus!

[VickyEadieofThigh]

I'm still waiting for the trickledown we were promised by the Thatcher government and like you, OP, confident it WILL arrive...

[AppleBag]

I like the New European's cover on trickle down economics

[gnilliwdog]

I'm really enjoying the warm, wet trickle of the gentry relieving themselves on us here below. What a blooming privilege.

[LadyHarmby]

I get trickle down doesn’t work.

However, what was the point of a cap on banker’s bonuses? I never quite understood as they’re not taxpayer funded, the treasury lost the tac the bankers would have otherwise paid on them and it wasn’t like the money was given to charity instead?

PS i am not a banker

[jgw1]

When there is a hole in a pipe, after a while a trickle becomes a flood. I am not excited for the trickle, but the instead the flood.

[cawfeee]

Just watched this, if anyone is struggling to understand how this will benefit us poor folk.

[RedAppleGirl]

@LaurieFairyCake

Trickle down economics was disproved in the 80's

Literally no economic course teach it as a viable option

We're FUCKED

What are economics courses teaching now then?

[IpanemaChic]

Crispin Odney and his hedge fund buddies are making so much money from this financial mess that he described gilts as “the gift that keeps on giving”.

Is this the trickling down you speak of…

[AppleBag]

@LadyHarmby

I get trickle down doesn’t work.

However, what was the point of a cap on banker’s bonuses? I never quite understood as they’re not taxpayer funded, the treasury lost the tac the bankers would have otherwise paid on them and it wasn’t like the money was given to charity instead?

PS i am not a banker

It also didn't reduce total remuneration, as banks just upped the salary element.

The rationale was that making bonuses such a substantial part of a banker's remuneration incentivises excessive risk-taking.

[jgw1]

@AppleBag

It also didn't reduce total remuneration, as banks just upped the salary element.

The rationale was that making bonuses such a substantial part of a banker's remuneration incentivises excessive risk-taking.

Are Truss and Kwarteng on a bonus scheme?
It would explain there excessive risk taking.

[MaChienEstUnDick]

@LadyHarmby

I get trickle down doesn’t work.

However, what was the point of a cap on banker’s bonuses? I never quite understood as they’re not taxpayer funded, the treasury lost the tac the bankers would have otherwise paid on them and it wasn’t like the money was given to charity instead?

PS i am not a banker

@LadyHarmby it was a political move. 'The bankers' were seen as the ones who directly caused the 2008 crash. Which they did, but only within a deregulated political and economic framework which let them, ie they were given too much power. So when they chose to do the wrong thing in pursuit of profit, they could - and then they could be financially rewarded for it.

The solution was to reform the global banking industry, but no single govt has the appetite to take that on. So instead, they limited the bonuses individual bankers could make which scored them a few easy political points - after all, we were all in this mess because of them in the first place, right?

In reality it has just meant that banks, not bankers, make and keep the profit.
The most 'talented' seek to work for global banks where they can earn unlimited bonuses. And the world keeps turning in much the same way it did in 2008.

Basically, it's easier to believe the whole 2008 crash was caused by that convenient bogey-man Fred Goodwin, and hit any future Freds in the pocket, than it is to reform capitalism.

[Brokendaughter]

Unless you are a bullion dealer or a broker I doubt you'll catch much.

That's where I put extra money.
I'm not the only one.

[Sometimessometime]

Conservative HQ: "What's the one thing that's annoyed the public more than anything else in the last 15 years?" "Definitely the time when bankers' ended up crashing the economy in what was essentially one large ponzi scheme, and then it came out that they were getting massive bonuses for making terrible decisions, which were based entirely on greed" "Good-o, let's start by bringing that back then"