Bankers are like the boy who cried wolf

Bankers are up in arms about the one off tax on bonuses, but they still don’t get it. They have no divine right to giant bonuses every year. The Chancellor’s proposal today is at the modest end of what he could have done, and is only a single one-off tax.

Bankers would be well advised to stop complaining and spend today instead reading what happened to the boy who cried wolf.

Robert Peston has an interesting take on the bonus tax. He clearly thinks it is a clever move.

Related posts (automatically generated):

1. The City cannot cry wolf again
2. Boys who cried wolf (about top people’s pay) have cause to complain
3. Bankers: is envy excellent?

 Print  ¦  Filed under: Pre-Budget Report, Tax

2 Responses to “Bankers are like the boy who cried wolf”

1. John, on December 10th, 2009 at 11:56 am Said:

   I am perplexed at the government’s approach to the bankers. The banks were technically bankrupt, most of these bankers are second rate and would all have lost their jobs without our money to stop their banks going bankrupt. Anyone can make a “profit” by declaring money that they have not actually received on the company’s books but a day of reckoning will come and it did come. The bankers paid themselves vast amounts for false “profits” and we are now just letting them continue. Why?? See Bankers Bonuses.

2. Tweets that mention Bankers are like the boy who cried wolf | ToUChstone blog: A public policy blog from the TUC -- Topsy.com, on December 9th, 2009 at 4:47 pm Said:

   [...] This post was mentioned on Twitter by John, ToUChstone blog. ToUChstone blog said: Bankers are like the boy who cried wolf http://bit.ly/5KUzhb [...]