beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,002
The money is in the pockets of CEOs and executives (and therefore shareholders) who have stoked the pay disparity between worker and executives from a ratio of 1-20 or 30 in the 70s to 1 to 200 to 300 now. Irrespective of your political view, most people - morally - should say this is excessive. When Warren Buffet says his assistant pays more tax than he does (because his earnings come from investments and shareholder dividends - not wages) then this might be a clue where Labour's cross-hairs are aimed. Unfortunately, the Conservatives cannot go anywhere near this narrative because that's their heartland and Thatcher and Reagan where the facilitators of such excess.
US executives? bit of a stretch even for Corbyn. in the UK taxes are paid on share options and dividends.