Tuesday, December 08, 2009

why investment bankers aren't special

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

More on the topic of socially useless bankers: Jim Bliss has written a fantastic little piece analysing what it is that investment bankers do and why they are paid such fantastic sums. Its great stuff but I want to go further into the nitty gritty of corporate pay packets and try to dissect which careers offer reasonable social return on the wages invested in these executives. What is the tax revenue like and at what point does their wealth reach the point where the substantial investment required to hire some top-flight tax avoidance experts produce a return? With people like the Arch-Plutocrat, Lord Ashcroft, buying elections its clear that there are a many ways to quantify the pros and cons of enabling individuals to accumulate vast wealth.

2 comments:

Feel free to share your opinions of my opinions. Oh- and cocking fuckmouse.