The Anonymous Widower

Bankers and Bonuses

Years ago, I was part of team that created a technology company.  When we sold it, we went to enormous lengths to avoid paying tax as it was then 80%.  If you increase taxes then companies like this will set up in more favourable regimes and the loss of employment from these sectors will be great.

After all, I live near Cambridge and they’ve just announced a £900 million investment in research and facilities at Addenbrooke’s Hospital.  Some of those researchers will make a very large sum of money, but they will save a large number of lives and improve all out lot significantly.

So do we have one set of morals for bankers and accountants and another for scientists, doctors and engineers?  Judging by the fact that crap like X-Factor is bread and circuses to most of the population, it would appear that reality TV stars rate a lot higher, than both groups.  No-one complains when some Z-list celebrity gets a drug addiction.  They just feel sorry for them!

You can’t tax bankers without taxing others who risk everything to create world-changing companies and ideas. And dare I say it the jobs we need for the future.

October 20, 2009 - Posted by AnonW | Finance, Health | Tax