The British oligarchy

[darmstadt]

And lets not forget the "I joined the labour to make a difference" set:

Labour-run town halls give executives £432,000 pay-offs - Telegraph

Here's some weekend reading for you: http://www.taxpayersalliance.com/thrl2012.pdf

[sasguru]

Here's some weekend reading for you: http://www.taxpayersalliance.com/thrl2012.pdf

It's all part of the same thing. If you have a talent for politics (and that's the only talent you need) get into some large bureaucracy (public sector or private sector) and get to the top where you can award you and your cronies disproportionate compensation. In the private sector your shareholders can't get you out usually till you run the ocmpany into the ground and leave with a golden goodbye and in the public sector you can fleece the taxpayer by paying yourslf a salary greater than the Prime Minsister for running basically somehting that could run itself.
It's not a left or right issue.

And the justification they use is: that's the market rate. Well course it is, you've all voted yourself a ginormous salary, course its going to be the market rate. A spivocracy has emerged.

We should start with the public sector since that is what most of us are paying for. A cap of £100K on all public sector salaries would be a start. What's the betting that services would be about the same?

[Mich the Tester]

It's all part of the same thing. If you have a talent for politics (and that's the only talent you need) get into some large bureaucracy (public sector or private sector) and get to the top where you can award you and your cronies disproportionate compensation. In the private sector your shareholders can't get you out usually till you run the ocmpany into the ground and leave with a golden goodbye and in the public sector you can fleece the taxpayer by paying yourslf a salary greater than the Prime Minsister for running basically somehting that could run itself.
It's not a left or right issue.

And the justification they use is: that's the market rate. Well course it is, you've all voted yourself a ginormous salary, course its going to be the market rate. A spivocracy has emerged.

We should start with the public sector since that is what most of us are paying for. A cap of £100K on all public sector salaries would be a start. What's the betting that services would be about the same?

Why not a cap of 100k, maybe 200k on the salaries of everybody who hasn't risked a large chunk of his own money on a business? Political spivs or private sector spivs; no difference. They're all spivs. On the other hand, people who've built a business from nothing, or people who've built the family business and risked their inheritance while doing so have gained my admiration. I'd make an exception for professional athletes who live in the public gaze and can´t make a mistake without millions of people seeing it, but frankly, multi-million pound salaries for sitting in a boardroom playing monopoly with someone else's money; bollocks, that isn't skilled and it's pretty low risk and there are thousands of business graduates coming out of Europe's polys every year who could do the job.

[hyperD]

Both above comments are true: in an idealistic world the free market would dictate a natural market rate for value and quality, but unfortunately we have a state distorted corporatocracy and an overtly large and unaccountable public sector.

As sasguru has stated before, there's no black and white in these situations.