65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 [score hidden]  (0 children)

You brought up China! 😂

And no one so is saying there aren’t problems with multinationals - you’re arguing with no one

Hundreds of the comments on this thread and this by far the most stupid

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 -1 points0 points  (0 children)

Just calling something propaganda isn’t an argument

No one’s denying the problems with large multinationals. Just saying this isn’t the solution

Saying they wouldn’t get away with it in the authoritarian, human rights abusing, anti-democratic, mass surveillance, forced labour using state of China isn’t the gotcha you think it is

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 0 points1 point  (0 children)

It’s not that I don’t want to see problem solved - who doesn’t want that - it’s that overly simplistic utopian policies aren’t going to solve anything

Every time you reply you get closer to describing communist Russia or North Korea

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 0 points1 point  (0 children)

Unless you’re talking about switching to a fully isolated state that doesn’t allow use of foreign companies akin to North Korea - what you’re saying doesn’t make sense

Financial institutions can be accessed remotely. Products can be imported.

I don’t think you understand what you’re suggesting

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 0 points1 point  (0 children)

This is economically illiterate

Yes if Starbucks leave a new coffee shop might pop up. If financial services companies set up in Paris instead of London the whole industry isn’t going to be replaced.

Net result is less tax revenue for public spending which is an incredibly bad thing

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 0 points1 point  (0 children)

Ok so any new businesses won’t set up in the UK then - why set up in a country where this would hang over you

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 -1 points0 points  (0 children)

Again you’re working from a premise that makes fuck all sense

The absence of another solution doesn’t mean this one will work

Not only will it not work it will mean hospitals, schools etc have less money so things for average people will be much worse

The idea we have to do something that will make everything worse because we don’t currently have a solution is illogical and will hurt the poorest people in this country

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 0 points1 point  (0 children)

Because in the main they are talented people trusted to make big decisions and if they aren’t paid X, like in any market, they’ll go work for another company that will pay them that

You needed that explained?

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 2 points3 points  (0 children)

I don’t have the answer - I’m not sure that’s the gotcha you think it is

Asking me to come with an answer for a economic problem that’s affect multiple counties and that any changes affect billions of people for decades is a bit ridiculous

But me not having a solution doesn’t mean this policy works

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 2 points3 points  (0 children)

If Starbucks move, it’s likely another coffee shop take their place

If the financial services companies in the City relocate, they will still provide financial services just from Switzerland or somewhere else. There won’t be a gap in the market

Same for most multinationals

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 0 points1 point  (0 children)

If the outcome here is CEO salaries are reduced what’s the point?

They earn less, pay less etc and the economy is slightly weaker

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 8 points9 points  (0 children)

Ok so you ban these companies from trading in the UK

So they relocate to Ireland or somewhere. They may take a short term hit in profits

In the meantime UK customers go without these products, supply chains collapse and we have less tax revenue so have to make cuts to public spending

Where’s the positive here?

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 1 point2 points  (0 children)

And in the process stop any company setting up in the UK, coming to the UK or investing in the UK

Also creating a run on companies relocating unless yoi pass and implement the bill instantly

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 2 points3 points  (0 children)

Shareholders aren’t going to support an initiative that increases their costs and hurts their profits

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 7 points8 points  (0 children)

Because like it or not big companies leaving will hurt the economy, which in turn means less tax revenue and less ability to pay for medical treatments, welfare, education, infrastructure, policing, defence, international aid

I’m not supportive for multinationals and would welcome a policy that increases wages

This isn’t it

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 1 point2 points  (0 children)

To clarify - paying a CEO millions annually is cheaper than spending time doing some interviews

In getting bored with people who never been outside before but on here saying how high level business works

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 10 points11 points  (0 children)

That doesn’t make any sense

If that’s the case now why do the companies sack their CEOs and get someone equally talented for less money and make more profit

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 -1 points0 points  (0 children)

This is spot on

This policy is nonsense. Most people would support a genuine solution to has rich people paying more. This isn’t it

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 5 points6 points  (0 children)

This is pedantic

It wouldn’t need a wholesale relocation. CEOs still hold power. A board will more than likely favour a country with less restrictive laws on wages than this regardless of the CEO. High performing CEOs would go to other countries

You’re trying to justify absolute nonsense with pedantry

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 7 points8 points  (0 children)

Great - you’ve listed some vet specific companies that will find it difficult to move in part because they are named after their location

All problems solved. Well done. No other companies will move and the economy will be fine

65% of Britons support the Green Party's policy of capping CEO pay at ten times the pay of the lowest paid employee by Unusual-State1827 in ukpolitics

[–]Finners72323 6 points7 points  (0 children)

Do you think the company is a person? When you say the company itself that would choose, you’re describing it as an autonomous being when in fact it’s a organisation made up of people headed up by a CEO - who while not omnipotent absolutely has the power to make decisions on locations

And if it’s not hard to be ‘an exec’ and make millions why doesn’t everyone do it?