MrSmith Posted October 24, 2011 Share Posted October 24, 2011 I agree with this. There should be a wage premium for workers who benefit and develop society. I think a doctor as more valuable to us than the average investment banker. Yet they get paid less and that is wrong. Could that because it is the investment bankers taxes that pay for the doctor and not the doctors taxes that pay the investment bankers wages. The only way to change it would be for doctors to be private and charge their patients more than they could afford and the investment banker to be employed by the state. It wouldn’t work. Link to comment Share on other sites More sharing options...
green Posted October 24, 2011 Share Posted October 24, 2011 Could that because it is the investment bankers taxes that pay for the doctor and not the doctors taxes that pay the investment bankers wages. The only way to change it would be for doctors to be private and charge their patients more than they could afford and the investment banker to be employed by the state. It wouldn’t work. This is a common misconception. What service do the investment bankers do for society? Link to comment Share on other sites More sharing options...
Chris_Sleeps Posted October 24, 2011 Share Posted October 24, 2011 Could that because it is the investment bankers taxes that pay for the doctor This falls through because it is the taxpayers money that is supporting banking at the minute. They've lost wealth. They've lost wealth on such a scale that hasn't been seen since 1929. Link to comment Share on other sites More sharing options...
Wildcat Posted October 24, 2011 Share Posted October 24, 2011 That isn't even the beginning of an alternative. Come on Wednesday1, I'm sure that you've got it more worked out than that. Over to you. How about this? http://www.etuc.org/a/9124 Some more here: http://www.etuc.org/r/1598 Link to comment Share on other sites More sharing options...
I1L2T3 Posted October 24, 2011 Share Posted October 24, 2011 Could that because it is the investment bankers taxes that pay for the doctor and not the doctors taxes that pay the investment bankers wages. The only way to change it would be for doctors to be private and charge their patients more than they could afford and the investment banker to be employed by the state. It wouldn’t work. Investment banking in its current form is a relatively new thing. We managed quite well without the current shower before the 1970s. The investment bankers have required a £850bn bailout package in the UK too and that has badly damaged society. There are alternatives. Not communism. Not capitalism either. Link to comment Share on other sites More sharing options...
Wildcat Posted October 24, 2011 Share Posted October 24, 2011 Investment banking in its current form is a relatively new thing. We managed quite well without the current shower before the 1970s. The investment bankers have required a £850bn bailout package in the UK too and that has badly damaged society. There are alternatives. Not communism. Not capitalism either. Not a dun dun dun.... mixed economy.... you extremist! Link to comment Share on other sites More sharing options...
MrSmith Posted October 24, 2011 Share Posted October 24, 2011 This falls through because it is the taxpayers money that is supporting banking at the minute. They've lost wealth. They've losty wealth on such a scale that hasn't been seen since 1929. It isn't the taxpayer’s money, its borrowed money that was used to refinance the banks. The tax payer doesn’t pay enough into the system hence the reason we have a huge deficit and massive debts. Link to comment Share on other sites More sharing options...
green Posted October 24, 2011 Share Posted October 24, 2011 It isn't the taxpayer’s money, its borrowed money that was used to refinance the banks. The tax payer doesn’t pay enough into the system hence the reason we have a huge deficit and massive debts. ????? The borrowed money thats being used to pay the banks (in your assumptions) is money that has to be paid by the tax payer. Doh! Link to comment Share on other sites More sharing options...
Chris_Sleeps Posted October 24, 2011 Share Posted October 24, 2011 It isn't the taxpayer’s money, its borrowed money that was used to refinance the banks. Of course it is. It is from the government. This is ignoring the BofE printing money in the hope of ending the financial constipation aswell. Link to comment Share on other sites More sharing options...
green Posted October 24, 2011 Share Posted October 24, 2011 Of course it is. It is from the government. This is ignoring the BofE printing money in the hope of ending the financial constipation aswell. Exactly....... Link to comment Share on other sites More sharing options...
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