Tuesday 19 January 2010

NO Bonus 4 RBS Campaign: time to act up.


Fairness for All
As often before Billy Bragg has stood up and said something pithy but incisive. Outraged by the excessive state funded bonuses banks such as RBS are handing out he's decided not to pay his tax bill.

The failure of banks such as RBS and the subsequent tax funded bail out mean in the next 2-5 years massive cuts to all Government services (regardless of what colour the government is next summer) . Billy has suggested a campaign to limit these bonuses (sadly the law prevents us from paying no bonuses) to £25,000 (more than the average salary in the UK). Now you may like me be unable to withhold your taxes easily but you can still complain and show that BB and other refuseniks aren't alone and that this is a widespread grievance and injustice.

You can join the face book group (I know these things are two  a penny but it does mean a bit more than who get's to number one).

There's a letter you can down oad to send to the Chancellor, you may need to edit like I have with mine.

You should also write to your MP make it clear that how they act now will affect where your cross goes in a few months time.

Why I am supporting this campaign.
Personally I think this boils to fairness in the end  and also hard market economics. Fairness because the effects of the recession aren't being shared evenly, poor areas and people are being hit harder than the people who caused the recession in the first place.

Hard economics because all my adult life we have had the free market thrust at us but we see with the banks that we have Communism for the rich and Capitalism for the poor. For years we have been told by bankers etc that the big risks they take should be matched with big rewards ,the rarely mentioned the reverse of this that they would presumably take a big fall if they messed up this isn't the case. The other fundamental madness is that if you are investing other people's money you  aren't risking  anything if you mess up you're not skint and if the country bails you out you don't even lose your bonus/job.

So have a read of the information if you not a member of facebook down load the letter and send it off ( physically ideally as this makes more impact) please repost anything you wish from here, tell your friends talk about it in the pub etc.

WE HAVE BEEN TOO PATIENT AND ACQUIESCENT ON THIS SO FAR IF IT MAKES YOU ANGRY IN ANYWAY HAVE YOUR SAY BUT DO IT TODAY.

Down Load here Billy's letter

Link to face book group

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