Thursday, June 24, 2010

"Tough but fair" was the slogan of the Tories Cameron and Clegg. What they meant was tough on the wage-slaves and the casualties of capitalism, but fair to the point of albinism to their own kind, the millionaires.
It didn't take long for featherbedded fatcats to decide to have some fun at our expense. "I think I'll award myself a well-earned £641,000 bonus out of your money" said one Iain Coucher, "after all without it I would only be (ahem!) earning £614,000 per annum. Of course one excludes expenses and the pension pot from these calculations."
Peter Henderson, who manages the company's assets, to great personal advantage, is lifting a £453,000 bonus to supplement his meagre £440,000 salary.

And so on; but before accusations of profligacy start to fly let us consider the savings these gentlemen have made. They have frozen the salaries and cancelled bonuses of those who don't put their feet up in the boardroom. Such painful sacrifices are necessary for a company that has seen its pre-tax profits fall by by more than half.
The government, we learn, is "very disappointed" in Messrs Coucher, Henderson, et al.
Unfortunately it can't do anything about it because, though the money is ours, the company isn't. Say good-bye to your money, taxpayers, and await a blistering attack from the Taxpayers Alliance.
Wait a minute - does the Taxpayers Alliance do blistering attacks on a Tory government?

2 comments:

r.s. said...

The beauty of capitalist democracy is that every four years the people get to choose who will oppress them for the next four years.

Jemmy Hope said...

A similar thought from Theodor Adorno -

“All are free to dance and enjoy themselves, just as they have been free, since the historical neutralisation of religion, to join any of the innumerable sects. But freedom to choose an ideology - since ideology always reflects economic coercion - everywhere proves to be freedom to choose what is always the same.”