If maximum wage ratio became law surely it would just lead to a huge increase in out-sourcing.
eg a top Premier League football club would just employ its footballers.
They would then outsource literally everything else - security, cleaning, catering, sales, ticketing, finance, HR - the lot.
They might even set up a separate company (or even club) for reserve players - if necessary.
Arsenal used to have a cunning scheme where players were technically paid very little. Instead they got shares in an overseas holding company which they would hold in their own companies.
Most of the foreign players paid basically hardly any tax.
I hope the scheme was registered with HMRC, else its evasion. As is the substance is avoidance.
It was revealed as part of Ray Parlour divorce settlement. I presume they don't operate the scheme any more.
Clive Lewis just said in C4 "we are not wedded to the free movement of capital". Hmm.
Probably misspoke. Or perhaps they're just going to run through the permutations on the Four Freedoms.
But the thing is - unless they did do something like exchange controls then everything else they want to do will just be got round.
eg with a maximum wage everyone will just be paid offshore etc.
But putting to one side how crazy it is, would it be possible in the world of the internet etc to actually impose exchange controls? I guess you would have to do something like making it a criminal offence to have a foreign bank account?
I have some sympathy with Corbyn's position - per Cummings epic blog post yesterday. Far too few people were jailed or otherwise punished for crashing the banking system. Those responsible are, by and large, rich and free. Shareholders seem to be supine as executive reward correlates poorly with actual performance. A lot of people are very, very angry about this, and his positioning will play well with them.
I just don't know what practical measures a Corbyn administration could actually take to address the issue of income inequality, that wouldn't, as you point out, have extremely undesirable side effects.
Practical ( leaving aside desirability) is a huge issue. "Pay" is what? Wages, cars, dividends, share options, pensions, holidays? How do you stop the head of a company sitting in Switzerland and running it via Skype and avoiding the cap? It's a zoo. I just get the impression they think everyone goes to the factory with their sarnie box under their arm and get paid in cash on a Friday less stoppages like it's 1959.
I accept this is idea floating at this stage of a Parliament but the mindset it reveals and the lack of grasp of 2017 is just wow.
So we're now talking about exchange controls, I guess Labour's relaunch day went well then...?
It could hardly have gone better. Oh sorry, you meant for the Labour Party? Total f*ckup for them.
Great day for the government and the Lib Dems.
How the hell does a day that started with "NHS Disaster" on the front pages, end up with maximum wages and capital controls? It takes a special kind of party leader to f*** it up quite that badly.
Corbyn's limit on wages was featured on "The One Show." A Vox Pop pointed out the illogicialities; how do you stop a successful person earning more? You are robbing the rich to pay more to whom; the shareholders?
I know twitter and Facebook are their own micro-worlds but I've noticed that many enthusiastic Corbynistas, who were treating him as the Messiah have now gone luke-warm on him.
I'm sensing a sea-change but as I was wrong on Brexit and Trump, I'm reluctant to advise others where to put their money.
Evening all, as a totally random, but possibly telling anecdote, as I came out of my local sainsbury's tonight, and two ordinary-looking guys (i.e not hipster, student-types) were having a fag in the doorway and one asked the other what he thought of Corbyn's wage cap announcement.
Corbyn's limit on wages was featured on "The One Show." A Vox Pop pointed out the illogicialities; how do you stop a successful person earning more? You are robbing the rich to pay more to whom; the shareholders?
I know twitter and Facebook are their own micro-worlds but I've noticed that many enthusiastic Corbynistas, who were treating him as the Messiah have now gone luke-warm on him.
I'm sensing a sea-change but as I was wrong on Brexit and Trump, I'm reluctant to advise others where to put their money.
Evening all, as a totally random, but possibly telling anecdote, as I came out of my local sainsbury's tonight, and two ordinary-looking guys (i.e not hipster, student-types) were having a fag in the doorway and one asked the other what he thought of Corbyn's wage cap announcement.
Meanwhile I see the GOPs plan to 'repeal and replace' has undergone some changes....
On Corbyn: At this stage, I don't even think anyone is paying much attention to him anymore. It is annoying however, that he has pulled Arsenal and Arsene Wenger into his 'wage cap' nonsense.
Corbyn's limit on wages was featured on "The One Show." A Vox Pop pointed out the illogicialities; how do you stop a successful person earning more? You are robbing the rich to pay more to whom; the shareholders?
I know twitter and Facebook are their own micro-worlds but I've noticed that many enthusiastic Corbynistas, who were treating him as the Messiah have now gone luke-warm on him.
I'm sensing a sea-change but as I was wrong on Brexit and Trump, I'm reluctant to advise others where to put their money.
Evening all, as a totally random, but possibly telling anecdote, as I came out of my local sainsbury's tonight, and two ordinary-looking guys (i.e not hipster, student-types) were having a fag in the doorway and one asked the other what he thought of Corbyn's wage cap announcement.
It's definitely cut through beyond us obsessives.
Big discussion on my facebook about it.
I think backtracking and fudging all over immigration is more damaging than the wage thing. It may be economically bonkers (to the point that even the Green party walked away) but people might nod and say, well, yeh, he has a point about the state of things.
So we're now talking about exchange controls, I guess Labour's relaunch day went well then...?
It could hardly have gone better. Oh sorry, you meant for the Labour Party? Total f*ckup for them.
Great day for the government and the Lib Dems.
How the hell does a day that started with "NHS Disaster" on the front pages, end up with maximum wages and capital controls? It takes a special kind of party leader to f*** it up quite that badly.
Practical ( leaving aside desirability) is a huge issue. "Pay" is what? Wages, cars, dividends, share options, pensions, holidays? How do you stop the head of a company sitting in Switzerland and running it via Skype and avoiding the cap? It's a zoo. I just get the impression they think everyone goes to the factory with their sarnie box under their arm and get paid in cash on a Friday less stoppages like it's 1959.
I accept this is idea floating at this stage of a Parliament but the mindset it reveals and the lack of grasp of 2017 is just wow.
That's the trouble with politics, it is dead easy to identify problems, and wages are certainly not as evenly distributed as they once were. The hard bit is coming up with a viable way of fixing things, and a wage cap is essentially unworkable, and as you suggest it does reveal a outdated view of how the world works.
Corbyn's limit on wages was featured on "The One Show." A Vox Pop pointed out the illogicialities; how do you stop a successful person earning more? You are robbing the rich to pay more to whom; the shareholders?
I know twitter and Facebook are their own micro-worlds but I've noticed that many enthusiastic Corbynistas, who were treating him as the Messiah have now gone luke-warm on him.
I'm sensing a sea-change but as I was wrong on Brexit and Trump, I'm reluctant to advise others where to put their money.
Evening all, as a totally random, but possibly telling anecdote, as I came out of my local sainsbury's tonight, and two ordinary-looking guys (i.e not hipster, student-types) were having a fag in the doorway and one asked the other what he thought of Corbyn's wage cap announcement.
It's definitely cut through beyond us obsessives.
Big discussion on my facebook about it.
I think backtracking and fudging all over immigration is more damaging than the wage thing. It may be economically bonkers (to the point that even the Green party walked away) but people might nod and say, well, yeh, he has a point about the state of things.
It reminds me how Team Corbyn even managed to f##k up train overcrowding...
Corbyn's limit on wages was featured on "The One Show." A Vox Pop pointed out the illogicialities; how do you stop a successful person earning more? You are robbing the rich to pay more to whom; the shareholders?
I know twitter and Facebook are their own micro-worlds but I've noticed that many enthusiastic Corbynistas, who were treating him as the Messiah have now gone luke-warm on him.
I'm sensing a sea-change but as I was wrong on Brexit and Trump, I'm reluctant to advise others where to put their money.
Evening all, as a totally random, but possibly telling anecdote, as I came out of my local sainsbury's tonight, and two ordinary-looking guys (i.e not hipster, student-types) were having a fag in the doorway and one asked the other what he thought of Corbyn's wage cap announcement.
It's definitely cut through beyond us obsessives.
Big discussion on my facebook about it.
I think backtracking and fudging all over immigration is more damaging than the wage thing. It may be economically bonkers (to the point that even the Green party walked away) but people might nod and say, well, yeh, he has a point about the state of things.
Actually I've worked it all out now - clearly Corbyn wants high pay to be renumerated in terms of shares and decent dividend payments or implied capital appreciation.
Essentially he is following the Amazon model here.
So we're now talking about exchange controls, I guess Labour's relaunch day went well then...?
It could hardly have gone better. Oh sorry, you meant for the Labour Party? Total f*ckup for them.
Great day for the government and the Lib Dems.
How the hell does a day that started with "NHS Disaster" on the front pages, end up with maximum wages and capital controls? It takes a special kind of party leader to f*** it up quite that badly.
Indeed. This one is for the textbooks.
Agreed.
And look at Corbynistas on twitter. A ridiculous cult-like reverence for him. I've noticed a similar thing with Trumpers as well.
Politicians shouldn't be worshipped. We should hold them to account. If Corbyn supporters held that attitude not just for the PLP but for the Labour leadership as well, Labour wouldn't be in this ridiculous mess.
Corbyn's limit on wages was featured on "The One Show." A Vox Pop pointed out the illogicialities; how do you stop a successful person earning more? You are robbing the rich to pay more to whom; the shareholders?
I know twitter and Facebook are their own micro-worlds but I've noticed that many enthusiastic Corbynistas, who were treating him as the Messiah have now gone luke-warm on him.
I'm sensing a sea-change but as I was wrong on Brexit and Trump, I'm reluctant to advise others where to put their money.
Evening all, as a totally random, but possibly telling anecdote, as I came out of my local sainsbury's tonight, and two ordinary-looking guys (i.e not hipster, student-types) were having a fag in the doorway and one asked the other what he thought of Corbyn's wage cap announcement.
It's definitely cut through beyond us obsessives.
Big discussion on my facebook about it.
I think backtracking and fudging all over immigration is more damaging than the wage thing. It may be economically bonkers (to the point that even the Green party walked away) but people might nod and say, well, yeh, he has a point about the state of things.
Actually I've worked it all out now - clearly Corbyn wants high pay to be renumerated in terms of shares and decent dividend payments or implied capital appreciation.
Essentially he is following the Amazon model here.
A masterclass, ten out of ten. Five stars.
Hmm. LOL. But I suspect Corbyn would have no idea what the F* you were on about.
So we're now talking about exchange controls, I guess Labour's relaunch day went well then...?
It could hardly have gone better. Oh sorry, you meant for the Labour Party? Total f*ckup for them.
Great day for the government and the Lib Dems.
How the hell does a day that started with "NHS Disaster" on the front pages, end up with maximum wages and capital controls? It takes a special kind of party leader to f*** it up quite that badly.
Indeed. This one is for the textbooks.
It almost makes me feel sorry for the Alistair Campbells and Pater Mandlesons, who must be having a nervous breakdown watching their party quite literally disintegrate live on television over the course of 24 hours.
Corbyn's limit on wages was featured on "The One Show." A Vox Pop pointed out the illogicialities; how do you stop a successful person earning more? You are robbing the rich to pay more to whom; the shareholders?
I know twitter and Facebook are their own micro-worlds but I've noticed that many enthusiastic Corbynistas, who were treating him as the Messiah have now gone luke-warm on him.
I'm sensing a sea-change but as I was wrong on Brexit and Trump, I'm reluctant to advise others where to put their money.
Evening all, as a totally random, but possibly telling anecdote, as I came out of my local sainsbury's tonight, and two ordinary-looking guys (i.e not hipster, student-types) were having a fag in the doorway and one asked the other what he thought of Corbyn's wage cap announcement.
It's definitely cut through beyond us obsessives.
Big discussion on my facebook about it.
I think backtracking and fudging all over immigration is more damaging than the wage thing. It may be economically bonkers (to the point that even the Green party walked away) but people might nod and say, well, yeh, he has a point about the state of things.
Granted there's a germ of something there. May is trying to tap into it too of course from her angle. But I don't see how making Mesut Ozil take a 99% pay cut helps the bloke selling scarves in the Emirates shop, to use Arsenal as the template. Ozil will have buggered off to Bayern Munich or Spain for starters, and who could blame him for selling his skills for the best price for his family's welfare?
Corbyn's limit on wages was featured on "The One Show." A Vox Pop pointed out the illogicialities; how do you stop a successful person earning more? You are robbing the rich to pay more to whom; the shareholders?
I know twitter and Facebook are their own micro-worlds but I've noticed that many enthusiastic Corbynistas, who were treating him as the Messiah have now gone luke-warm on him.
I'm sensing a sea-change but as I was wrong on Brexit and Trump, I'm reluctant to advise others where to put their money.
Evening all, as a totally random, but possibly telling anecdote, as I came out of my local sainsbury's tonight, and two ordinary-looking guys (i.e not hipster, student-types) were having a fag in the doorway and one asked the other what he thought of Corbyn's wage cap announcement.
It's definitely cut through beyond us obsessives.
Big discussion on my facebook about it.
I think backtracking and fudging all over immigration is more damaging than the wage thing. It may be economically bonkers (to the point that even the Green party walked away) but people might nod and say, well, yeh, he has a point about the state of things.
Actually I've worked it all out now - clearly Corbyn wants high pay to be renumerated in terms of shares and decent dividend payments or implied capital appreciation.
Essentially he is following the Amazon model here.
A masterclass, ten out of ten. Five stars.
You expect Corbyn to understand any of that? I'm sure you overestimate the genius of the man.
It reminds me how Team Corbyn even managed to f##k up train overcrowding...
Only Corbyn could need to "fake" overcrowding.
He could have tried going from Woking to Waterloo at 8am if he wanted to see overcrowding. Instead he gets a train *out* of London in the morning! Genius.
So we're now talking about exchange controls, I guess Labour's relaunch day went well then...?
It could hardly have gone better. Oh sorry, you meant for the Labour Party? Total f*ckup for them.
Great day for the government and the Lib Dems.
How the hell does a day that started with "NHS Disaster" on the front pages, end up with maximum wages and capital controls? It takes a special kind of party leader to f*** it up quite that badly.
Indeed. This one is for the textbooks.
It almost makes me feel sorry for the Alistair Campbells and Pater Mandlesons, who must be having a nervous breakdown watching their party quite literally disintegrate live on television over the course of 24 hours.
Almost.
I'm sure that the rise and demise of Corbyn will ensure his fame well beyond his life. Gibbon would have dedicated an enormous number of somewhat turgid pages to him if he'd happened to be Roman.
I'm not sure that we never want another Corbyn, but I'm totally sure that nobody has any use for the one we have.
See the PB Tory frothers are working themselves into a circle jerk lather over misquoted tittle tattle from the soon to be irrelevant westminster media gossip spinners again, so familiar. We'll be back to the Tories dragging the country and themselves headlong into utter catastrophe soon enough guys, dont worry.
Practical ( leaving aside desirability) is a huge issue. "Pay" is what? Wages, cars, dividends, share options, pensions, holidays? How do you stop the head of a company sitting in Switzerland and running it via Skype and avoiding the cap? It's a zoo. I just get the impression they think everyone goes to the factory with their sarnie box under their arm and get paid in cash on a Friday less stoppages like it's 1959.
I accept this is idea floating at this stage of a Parliament but the mindset it reveals and the lack of grasp of 2017 is just wow.
That's the trouble with politics, it is dead easy to identify problems, and wages are certainly not as evenly distributed as they once were. The hard bit is coming up with a viable way of fixing things, and a wage cap is essentially unworkable, and as you suggest it does reveal a outdated view of how the world works.
Ed Miliband (remember him?) was actually quite good at anLysing problems, it was viable solutions that were difficult.
Mind you, Brexit has a strange resemblence, and also likely to have an ineffective solution...
So we're now talking about exchange controls, I guess Labour's relaunch day went well then...?
It could hardly have gone better. Oh sorry, you meant for the Labour Party? Total f*ckup for them.
Great day for the government and the Lib Dems.
How the hell does a day that started with "NHS Disaster" on the front pages, end up with maximum wages and capital controls? It takes a special kind of party leader to f*** it up quite that badly.
Indeed. This one is for the textbooks.
It almost makes me feel sorry for the Alistair Campbells and Pater Mandlesons, who must be having a nervous breakdown watching their party quite literally disintegrate live on television over the course of 24 hours.
Almost.
Erm. Not at all. its absolutely fine. Labour have said that pay ratios in big companies need looking at, which is likely to be a popular suggestion. They have also said that completely free movement isnt an absolute article of faith for the party, but that Brexit negotitaion should focus on getting the best economic deal for British workers. Its pretty straightforward stuff if you havent got your head stuffed up the harris of some teenage tory gossip merchant at the BBC.
Corbyn's limit on wages was featured on "The One Show." A Vox Pop pointed out the illogicialities; how do you stop a successful person earning more? You are robbing the rich to pay more to whom; the shareholders?
I know twitter and Facebook are their own micro-worlds but I've noticed that many enthusiastic Corbynistas, who were treating him as the Messiah have now gone luke-warm on him.
I'm sensing a sea-change but as I was wrong on Brexit and Trump, I'm reluctant to advise others where to put their money.
Evening all, as a totally random, but possibly telling anecdote, as I came out of my local sainsbury's tonight, and two ordinary-looking guys (i.e not hipster, student-types) were having a fag in the doorway and one asked the other what he thought of Corbyn's wage cap announcement.
It's definitely cut through beyond us obsessives.
Big discussion on my facebook about it.
I think backtracking and fudging all over immigration is more damaging than the wage thing. It may be economically bonkers (to the point that even the Green party walked away) but people might nod and say, well, yeh, he has a point about the state of things.
Actually I've worked it all out now - clearly Corbyn wants high pay to be renumerated in terms of shares and decent dividend payments or implied capital appreciation.
Essentially he is following the Amazon model here.
A masterclass, ten out of ten. Five stars.
You expect Corbyn to understand any of that? I'm sure you overestimate the genius of the man.
See the PB Tory frothers are working themselves into a circle jerk lather over misquoted tittle tattle from the soon to be irrelevant westminster media gossip spinners again, so familiar. We'll be back to the Tories dragging the country and themselves headlong into utter catastrophe soon enough guys, dont worry.
There's always one isn't there. Were you watching the Night Garden rather than the news?
See the PB Tory frothers are working themselves into a circle jerk lather over misquoted tittle tattle from the soon to be irrelevant westminster media gossip spinners again, so familiar. We'll be back to the Tories dragging the country and themselves headlong into utter catastrophe soon enough guys, dont worry.
There's always one isn't there. Were you watching the Night Garden rather than the news?
macapaca has more brains than corbyn & probably more coherent policy ideas!
See the PB Tory frothers are working themselves into a circle jerk lather over misquoted tittle tattle from the soon to be irrelevant westminster media gossip spinners again, so familiar. We'll be back to the Tories dragging the country and themselves headlong into utter catastrophe soon enough guys, dont worry.
Maybe, but an opposition that suggests a salary cap in their political relaunch isn't really in the game.
I really admire and like the discussion and exploration of madcap ideas. We know that what we have as a way of getting on with ourselves is faulty, and leaves a lot to be desired. If you can make a coherent argument for everyone in the land wearing dodgem car flags above their heads with number 51 above then I'm all ears. I have no time at all for such nonsense in the policy statements of my political leaders though.
I don't really believe that Corbyn should be an MP. The idea that he might be Prime-minister is just plain wrong. (However we do have Trump)
williamglenn and I have mutually agreed to downgrade our apocalyptic £10,000 Brexit bet to a much more modest, though still noteworthy £1000 wager on the same.
Yes yes, I know. Pathetic bedwetters. My masculinity is compromised. But we felt Brexit was intense, distracting and vexatious enough as it is, without having this massive bet to add to the stress. And a grand (the biggest person-to-person bet in PB history?) is still big enough to sting, and concentrate the mind.
We still haven't quite decided the definition of Brexit, but we'll get there.
"We still haven't quite decided the definition of Brexit"
williamglenn and I have mutually agreed to downgrade our apocalyptic £10,000 Brexit bet to a much more modest, though still noteworthy £1000 wager on the same.
Yes yes, I know. Pathetic bedwetters. My masculinity is compromised. But we felt Brexit was intense, distracting and vexatious enough as it is, without having this massive bet to add to the stress. And a grand (the biggest person-to-person bet in PB history?) is still big enough to sting, and concentrate the mind.
We still haven't quite decided the definition of Brexit, but we'll get there.
Nonsense. No-one cares about piffling small change or even piffling large change. Submission in defeat or grace in victory are what we need.
williamglenn and I have mutually agreed to downgrade our apocalyptic £10,000 Brexit bet to a much more modest, though still noteworthy £1000 wager on the same.
Yes yes, I know. Pathetic bedwetters. My masculinity is compromised. But we felt Brexit was intense, distracting and vexatious enough as it is, without having this massive bet to add to the stress. And a grand (the biggest person-to-person bet in PB history?) is still big enough to sting, and concentrate the mind.
We still haven't quite decided the definition of Brexit, but we'll get there.
"We still haven't quite decided the definition of Brexit"
You and everyone else.
Personally I favour something really simple, like
"The UK no longer having a vote in the Council of Ministers"
The more complicated it gets, the more likely there is to be an area of dispute.
How about the "date of entry into force of the withdrawal agreement" as taken from A50, clause 3.
So we're now talking about exchange controls, I guess Labour's relaunch day went well then...?
It could hardly have gone better. Oh sorry, you meant for the Labour Party? Total f*ckup for them.
Great day for the government and the Lib Dems.
How the hell does a day that started with "NHS Disaster" on the front pages, end up with maximum wages and capital controls? It takes a special kind of party leader to f*** it up quite that badly.
Indeed. This one is for the textbooks.
It almost makes me feel sorry for the Alistair Campbells and Pater Mandlesons, who must be having a nervous breakdown watching their party quite literally disintegrate live on television over the course of 24 hours.
Almost.
Erm. Not at all. its absolutely fine. Labour have said that pay ratios in big companies need looking at, which is likely to be a popular suggestion. They have also said that completely free movement isnt an absolute article of faith for the party, but that Brexit negotitaion should focus on getting the best economic deal for British workers. Its pretty straightforward stuff if you havent got your head stuffed up the harris of some teenage tory gossip merchant at the BBC.
You know it's been a REALLY bad day when the bunker bots decide the BBC is biased against Labour.
Comments
I accept this is idea floating at this stage of a Parliament but the mindset it reveals and the lack of grasp of 2017 is just wow.
How the hell does a day that started with "NHS Disaster" on the front pages, end up with maximum wages and capital controls? It takes a special kind of party leader to f*** it up quite that badly.
It's definitely cut through beyond us obsessives.
"Jeremy Corbyn suffers car crash 'reboot' of his leadership as he backtracks on pledges to introduce wage cap and curb freedom of movement"
Well I suppose you would expect them to revel in it all.
Campbell used to joke about Blair always having the worst week of his premiership yet. Every week. But boy as a media outing, this takes some beating.
"Immigration is not too high - Corbyn"
That's surely even more damaging than the other stuff.
http://www.bbc.co.uk/news
Meanwhile I see the GOPs plan to 'repeal and replace' has undergone some changes....
On Corbyn: At this stage, I don't even think anyone is paying much attention to him anymore. It is annoying however, that he has pulled Arsenal and Arsene Wenger into his 'wage cap' nonsense.
Essentially he is following the Amazon model here.
A masterclass, ten out of ten. Five stars.
And look at Corbynistas on twitter. A ridiculous cult-like reverence for him. I've noticed a similar thing with Trumpers as well.
Politicians shouldn't be worshipped. We should hold them to account. If Corbyn supporters held that attitude not just for the PLP but for the Labour leadership as well, Labour wouldn't be in this ridiculous mess.
Almost.
I'm not sure that we never want another Corbyn, but I'm totally sure that nobody has any use for the one we have.
Mind you, Brexit has a strange resemblence, and also likely to have an ineffective solution...
Forces top management to make a decent job of their company.
THis is the sort of idea Corbyn was trying to float right ?
I really admire and like the discussion and exploration of madcap ideas. We know that what we have as a way of getting on with ourselves is faulty, and leaves a lot to be desired. If you can make a coherent argument for everyone in the land wearing dodgem car flags above their heads with number 51 above then I'm all ears. I have no time at all for such nonsense in the policy statements of my political leaders though.
I don't really believe that Corbyn should be an MP. The idea that he might be Prime-minister is just plain wrong. (However we do have Trump)
You and everyone else.
How about the "date of entry into force of the withdrawal agreement" as taken from A50, clause 3.
http://www.lisbon-treaty.org/wcm/the-lisbon-treaty/treaty-on-European-union-and-comments/title-6-final-provisions/137-article-50.html
(or 2 years after A50 if no deal is made).