Jubilee've it ?

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Budget below the belt

Wouldn't it have been fairer, more just and better economics to keep the 50% tax rate and bring in additional measures to make sure that people could not avoid paying it so easily, if that's what is happening on a large scale? I thought we had debts to pay off and that the Govt needed the money for this.

There will be many well-off high rate tax payers who have circumstances such that they wont be liable to pay the additional wealth taxes in the budget, who will thus get a large net tax cut. Its a budget that George Osbourne's mates will like and benefit from I'm sure.

More on the budget here and here.

Carping critic

Plenty of simplistic labelling, shallow outright dismissal and self-aggrandisement from Peter Hargeaves here (Bristol lacks leadership... but I won't be running for mayor).

He thinks everything is wrong about the way Bristol is run. He has the chance to put himself and his ideas - such as they are - into the mix to become the elected Mayor, should Bristolians vote to have one this May. He has huge resources to put into an election campaign. But he refuses point blank to be a candidate - so what he's says is no more than petty complaint and fault-finding. 

Also see here. 

Morality and money

It's commonly being said that RBS boss Stephen Hester has done the 'right thing' in giving up his bonus of nearly £1 million. On todays Daily Politics it was even described by one commentator as the 'moral' thing to do. Was morality his motivation? Surely the right and moral thing for this man to do would be to stick by what he believes in - huge salaries and very large bonuses - and work through the consequences of doing this. He has not given up his bonus because he believes it's right and moral to do. Its been widely reported (here for example)  that he did so because he did not want to be a 'pariah'. Its also been reported that his hand was forced by the prospect of a House of Commons vote (see here). For me being motivated by concern about being despised or confronted is not showing much moral spine at all. Mr Hester, who is still very likely to add to his already very large pile of money, has a morality comparable to RBS's directors, who according to the BBC's Robert Peston '...now recognise it would have been far better to delay the bonus decision until after the world had seen what Barclays' chief executive, Bob Diamond, is being paid - because Mr Hester's bonus would not look big in comparison.' They too are more concerned with impressions created than realities.

Other posts relating to Stephen Hester/RBS:

http://vowlesthegreen.blogspot.com/2010/01/when-will-bankers-like-this-get-their.html 

 http://vowlesthegreen.blogspot.com/2012/01/caring-compassionate.html

Overpaid Ormondroyd

Occupy Bristol protesters question leaders over pay rates.Why have so many comments on this story simply attacked those asking the questions? Its the issue that counts and tactical rather than fair argument is a distraction from the very important matter of who is paid what and why - and whether its fair and deserved. The current Chief Executive Jan Ormondroyd (pictured) is paid £107,000 per year more now than in 1998 - 122 per cent more than her predecessor 14 years ago. This £7600 a year rise every year for ten years, way above inflation and bearing no relation to the performance of Bristol City Council, cannot be right. Less than 10% a year says one person - but this sort of level of sustained increase has only been given to those already well paid and wealthy. Where's the justice in that?

Lord Mayor's limo

I see that Bristol's Lord Mayor may have to have his limo written off after an accident (see here). Er...why should Bristol's Lord Mayor be provided with a car in the first place? Or a chauffeur to drive it? And what about the expense of the Mansion House (pictured)? And any other expenses and trappings of Bristol's Lord Mayor...Why not sell the car and house, get rid of the Lord Mayor and use the money directly to help keep public services alive? No doubt some would point to the Lord Mayor's charity work or promotion of the city but there are too many unmeasurables to know whether having a Lord Mayor really pays its way - and we can easily see what the expenses are (see picture). Maybe having some other person from the council doing the basics of what the Lord Mayor now does without the frills would be better. These are hard times that will get harder in the coming years - and we are all supposed to be in it together!!

Equality - not

I assume that those vehement critics of Occupy Bristol (see here) are happy with huge and unfair inequality that exists - perhaps they are even advocates of it. The 2010 report, An Anatomy of Economic Inequality in the UK showed that the richest 10% of the population are more than 100 times as wealthy as the poorest 10% of society - and comparison between the richest here and the poorest in the world is of course even worse.

Large scale income inequality cuts quality of life and eats away at the fabric of society. Look at the evidence here http://www.equalitytrust.org.uk/why . We should adopt income inequality as one of the key indicators of progress in our society and urgently enact measures to cut inequality (see http://www.equalitytrust.org.uk/why/remedies ).

On closing the gap between rich and poor

Author Danny Dorling claims the British people need to learn the lessons of the 1930s and do something about the growing gap between the super rich and everyone else.

BBC News - Author Danny Dorling on closing gap between rich and poor

BBC - BBC Two Programmes - American Dream, Plenty and Paranoia

This is a great series and for me is very compelling viewing. Its not endearing me to a lot of what America stands for...

BBC - BBC Two Programmes - American Dream, Plenty and Paranoia

"The American dream" - a phrase coined in 1931 that has become a national motto. It represents a unique brand of optimism that goes to the heart of what it is to be American. It is a simple phrase but a complex notion whose meaning is sustained and challenged by each generation.

After World War Two ended, Americans faced a future that seemed not only full of promise but also replete with danger. The United States emerged as the richest and most powerful nation in the world yet its safety and even its existence were widely perceived to be threatened as never before.

This series features those who helped foster and sell the dream, those who feel they have lived it, as well as those who challenge or reject the very notion. Through rare archive and eyewitness testimony, this series explores the realities behind America's most powerful myth - from the eve of the Second World War to the end of the Vietnam War.

More information and links here.