Mike Vickers' Blog

February 11, 2015

Bank Scandals breeding New Politics

Filed under: Corporates, Politics — derryvickers @ 4:08 pm

Strong language in yesterday’s Scotsman by Peter Jones

‘If Green did not know what it was doing, he is culpable. If he did not inquire, he is negligent. A chairman’s legal duty, certainly on behalf of shareholders but sadly not on behalf of honest customers it seems, is to make sure that the full-time executives are generating profits, but doing so legally and decently so there is no future retribution that could damage shareholdings.

I’m sick of this stuff. I’m sick of hearing about rich people avoiding and evading tax. I’m sick of rich companies paying next to no tax and bleating that they are doing nothing illegal. And I’m sick of hearing about powerful people presiding over these malpractices and swanning ever onwards and upwards to yet more power and riches.

It damages society because every pound of tax that these people don’t pay is a pound more that has to be extracted from you and me. Most of them have benefited from an education system and a health service, from roads and a justice system, from defence forces and a democracy, all of which has to be paid for by the taxpayer.

What miserable, warped, corrupt, mentality assures them they should be free of this tax burden that weighs down folk like you and me? If they won’t pay their due tax, why should we?

To read the lot go to

http://www.scotsman.com/news/peter-jones-bank-scandals-breeding-new-politics-1-3685020

It may ever have been thus, but By Gum its coming out now

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