| fatslob-:O said: You say that financial executives have been getting away with this for decades and that no one has gone to jail but you also mention people going to jail for it including businesses been fined. Choose one or the other, you can't have both! Authorities only have as much power to act as they do for evidence and HSBC got fined 40 million swiss francs recently so justice can be served ... Salaries aren't nothing. It's the businesses that pay us our own salaries, the law doesn't give us a damn! If a company doesn't want to pay it's employees then they can both go look elsewhere. Companies do care about their employees, at least their high quality/high value ones such as doctors, engineers, managers, and etc. It's like I say, companies will pay you for what your truly worth so salaries are largely meritocratic. The reason why less fortunate are the ones more likely to keep circulating that wealth is because most of them don't know how to break that cycle ... That's cause the Greece government is incompetent. Either that or it's much worse. They've had a tax revenue of at least 18% since 1995! That means everyone in Greece ponied up 18% of it's income just for the government ... I fail to see why the taxation system is an issue when they've been paying that much for a long time ... |
You can have both that's the point, for every few getting jailed many more get away scott free the's one or the other finance has been operating like that for years now, they'd take a fine anyday as it means nothing to them. 40m CHF to the biggest bank in the world whose worth can total to £400bn, yeah sure that will show them considering they make more then that fine within weeks, ask yourself this who is the fine being paid to, no infact I tell you the same groups who the banks control the flow of money for so the fine instantly flows back to the banks. If you want to know how much power a bank has over you right now just look at the recessions, it was triggered by them messing about, look up the strategy know as the greater fool, this was used by some institutes with the mortgages in anticipation of some kind of recession.
Salaries are nothing, what goes into your bank is going to go back into the system unless you are one of the top earners it's one of the biggest illusions around, if you think companies pay out of the good of their heart and the law has no bearing you're kidding yourself as the law is why you're getting paid. Why do you think minimum wage exists in many countries if companies cared? Why do you think a lot of your own US products are made in counties like China by ultra cheap labour instead of providing jobs back home? Why do you think the are things like Unions for different industries? The law stepped in to make sure people are paid a fair amount and clamped down on exploitation otherwise you'd be doing your work for free if left up to companies, look up history business has never cared for the people and workers, all that matters are their own pockets. Companies don't pay what they think you're worth that's you dreaming they pay what the rate of what the role is again this was all the doing of the laws and Unions.
18% of what exactly, that doesn't tell us anything, most of the money was going to offshores like what the US companies do so they're gaining 18% of depleted funds that shrunk more and more by the day, it's not the perecentage it's what the percentage is of not to mention factors like the currency they were using before the switch to Euro. and many offshore users who don't even declare their money so that 18% doesn't mean anything if it's coming from the bare minimum and doesn't cover the country's standard of living.
