10%

[Peoplesoft bloke]

It is hypocritical scum like you that benefit from the expenditure of banks on IT contractors

Dodgy, do really think calling people "hypocritcal scum" paints you in a good light? I assume you pretend not to care.

I don't accept your analysis, but I'm not sure it's worth arguing the point when the best you can do is offer insulting sobriquets.

[doodab]

Financial and insurance services, as a % of GDP, are worth slightly less than the motor trade. Should we let the more unscrupulous used car dealers sell cut and shuts and doctor the mileage on used cars because they represent such a huge chunk of our GDP?

[Peoplesoft bloke]

Peoplesoft bloke. Nuff said - just a useless configurator like the .net crowd.

In so far as that is true, it hasn't harmed my career too much (yet).

[Peoplesoft bloke]

Lastly, on the subject of redistributing bankers' salaries (using Jeff's' estimated figures above), the UK takes far more tax from 1000 people on £1 million a year than they would from 50,000 people on £20,000

Ok - let's see your working for that bonus points for NI and employers NI, unless of course that's only for the "little people".

[SimonMac]

Ok - let's see your working for that bonus points for NI and employers NI, unless of course that's only for the "little people".

£20,000 a year = £1532 Employers NI, £2504 NI, £1784 Inc Tax = £5820 x 50,000 = £291,000,000

£1,000,000 a year = £137,024 Employers NI, £23,381 NI, £478,000 Inc Tax = £638,405 x 1,000 = £638,405,000

(these are going on perfect world examples with a tax code of 747L)

[Peoplesoft bloke]

Financial and insurance services, as a % of GDP, are worth slightly less than the motor trade. Should we let the more unscrupulous used car dealers sell cut and shuts and doctor the mileage on used cars because they represent such a huge chunk of our GDP?

I think a more appropriate analogy would be to allow car dealers to sell each other worthless bundled investment products based on things that may or may not happen to cars they do or don't own, whilst selling the public "investments" on which they (the dealers) will profit massively if the public lose. The old fashioned cut and shut dealers relied on actual work (albeit dodgy work).

[MarillionFan]

Dodgy, do really think calling people "hypocritcal scum" paints you in a good light? I assume you pretend not to care.

I don't accept your analysis, but I'm not sure it's worth arguing the point when the best you can do is offer insulting sobriquets.

I agree with Dodgy. Contractors are not really in the position to 'hand wring' and point the finger at anybody.

[Peoplesoft bloke]

I agree with Dodgy. Contractors are not really in the position to 'hand wring' and point the finger at anybody.

Well, that's more polite than Dodgy at least, and I think his contention was actually that I should be in some way grateful. My point on this thread wasn't hand-wringing or pointing at anyone - just that it was a surprise what a small proportion of GDP the City is considering how much we're all supposed to sacrifice on its altar.

[Peoplesoft bloke]

Well, that's more polite than Dodgy at least, and I think his contention was actually that I should be in some way grateful. My point on this thread wasn't hand-wringing or pointing at anyone - just that it was a surprise what a small proportion of GDP the City is considering how much we're all supposed to sacrifice on its altar.

[Mich the Tester]

I am beginning to wonder SAS if you are in actual fact a fellow outpatient. We seem to be agreeing rather a lot these days

ftfy