50% levy on bonuses above £25k

[susie100]

Suprised there is not a thread about this already (although I might have missed it)

Great vote winner, however I am really doubtful it will raise any significant revenue for the government as banks will simply raise basic salaries, turn their trading floors into hedge funds and re-employ people as consultants.

Crazy to be attacking the sector that provides 25% of tax revenues in my view (I am not a banker by the way!) but not applying to other financial institutions such as hedge funds or private equity firms or indeed other industries that pay people £££ such as consultancies. They all benefitted from cheap credit as much as the banks.

What does everyone else think?

What needs to happen is that investment banking needs to be split from "everyday banking" making it impossible for the parasites to punt with peoples hard earned wages and savings. Before I get blasted by the Bankers on this thread my DH is a Banker turned Hedge Fund Manager who like me believes that it is morally wrong that employees of governement owned banks recieve bonuses and in fact there should be a 100% tax on these bonuses, investment banks should be seperated and if the bankers balls up they should go bankrupt and tough s..t to them for ballsing up without hitting taxpayers.