Why is it that everyone is upset by high wage earners? Okay a good 60% don’t do anything to earn their money, or so I am led to believe by anybody that has a grudge against the rich or have a debt crisis of their own. Bankers; and let’s take RBS,s top man as he seems like a rich man, and by the sounds of it he will be £1.5 million richer if he receives his bonus, which I am in no doubt he will. Since he took over from Sir Freddy Goodwin that took the bank down, the one now has restructured the bank and closed all the holes so that money cannot leak out anymore.

The bank earns now in the region of £5-10 million a day and only due to his organisation. He was taken on under a contract that all RBS bank Chiefs sign, and he has a large salary with a bonus to match. The bank might be owned 80% by the British tax payer but even the Government have to abide by the binding contract. This guy in one year has turned a bank around from £ billions lost per year to £ billions profit. If he had not done so he would never have got the bonus. Yes it is a disgustingly high bonus, but if any of you were him I would not be having this conversation with you.

These guys work in telephone numbers compared to our tiny wages, but the opportunity is there for anyone that can make billions of £s on the scale some top wage earners do. There is a way to stop their high bonuses and that is to vote it out at the next shareholders meeting, but who the hell is going to cut the throat of the person that is keeping share prices high and giving them a large dividend.

By the way I live on a pension, I am not rich but comfortable, but I worked for it. I have always lived on the principle that if I have not got the cash to spend then I will not buy it. Everyone is blaming the banks for the mess Europe is in, but it is the individual person spending plastic and living above their means that the debt accumulates from. People with bank and credit cards are normally irresponsible, they might not start that way but greed and wanting what their neighbour has does strange things to the brain. If it is not in the bank then why spend the banks money, and just because the bank allows you to that does not mean you have to.

[Maximum wage] The people that vote for that will want a police state next, and then secret service looking over everyone’s shoulder to see who is breaking the law and paying too much. Then again didn’t the Russians try that and look at them now, because they are more capitalist than the capitalist West. Bloody hell, that’s us.

Be well IAN 2411