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Let’s take a quick look at the enormous pay checks of all those in the banking sector who were committing massive open fraud in the run up to tanking the global economy in 2008.
When you drill into it o ny a tiny percentage of bankers were acting fraudulently. The cause of 2008 wasn't fraud, it played out perfectly within the rules. The rules, or effective lack of them, were the problem.
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Paying massive salaries doesn’t necessarily attract “talent”
This is great news - we can save money on salaries of head teachers, heads of NHS trusts, council leaders, most of the people at the BBC etc etc
Sarcasm aside, it is actually Labour who suffer more from attracting talent into the parliamentary party due to the pay levels. There are a lot of capable people out there who support Labour who would never dream of taking the pay cut that would be necessary to enter parliament.
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Stonehedge
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@Eejit
Why can’t they carry on receiving a wage that puts them comfortably in the top 5% of earners and still be banned from having second jobs (with special dispensation for CPD for anyone with an actual profession)? Why does banning second jobs have to come with a pay rise?
Paying massive salaries doesn’t necessarily attract “talent” nor does it do anything to ensure incorruptibility. Let’s take a quick look at the enormous pay checks of all those in the banking sector who were committing massive open fraud in the run up to tanking the global economy in 2008.