Corbyn's latest big idea.

Strivax said:

So, we should cap pay. No one should be paid more than £X. We do not know what £X is to be, only that it should be more (surprise, surprise) than Corbyn's own pay, of £140,000 a year* or so. Is this latest proposal meant to be serious, do you think? Or is he planning to sneak in a less radical proposal in due course, such as a legally fixed maximum ratio between the highest and lowest paid in an organisation, that people will accept with gratitude because it wasn't worse?

Best wishes, Strivax.

*As context, average UK pay in 2015 was around £27,500. Meanwhile, in 2013, out of the 60,000,000 UK population, one survey says only 300,000 earned more than £100,000 per year. Another survey puts that figure at 1,200,000 by 2015, with 50,000 earning more than £1,000,000 a year.

*As more context, my total annual income is around £6,700 in benefits, because I'm schizophrenic and therefore cannot work. But due to austerity measures I expect that amount to reduce to around £5,600 sometime this year.

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Strivax said:

I don't like to put words in his mouth, but I think Corbyn genuinely wants to bring about 'a more equal society'. Whether limiting to some arbitrary maximum any legal wage might be a sensible way to go about this is very debatable, though. Aside from the obvious practical disadvantages such as the one you mention, the signal it sends out is that a Corbyn Britain would seek to cap personal ambition and aspiration, as well as professional enterprise and entrepreneurship.

Best wishes, Strivax.

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Anguspure said:

Seems to be another stab at the old Marxist thing.

"We learn from history that we learn nothing from history."
George Bernard Shaw

"Those that fail to learn from history, are doomed to repeat it."
Winston Churchill

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Strivax said:

Do you not think that economic inequality is inequitable?

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MiceElf said:

Pay is a distraction. Inherited wealth, much of which is stashed away in secret off shore accounts and managed by super clever accountants and those who know how to avoid paying tax, is a much more pressing problem.

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Strivax said:

OK, I agree with you to a certain extent. People who work hard, for long hours, should get more than shirkers. Nevertheless, the people who work hard for long hours are generally the poor, who often have to hold down two or even three jobs, if they can get them, to make ends meet. And when 1% of the world's population owns more than the remaining 99% put together, then I think something has gone seriously wrong with it's wealth distribution system. And I think that sort of inequality is inequitable.

Best wishes, Strivax.

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