View Poll Results: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

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  • Up to £12k

    1 1.00%
  • Up to £18k

    1 1.00%
  • Up to £36k

    6 6.00%
  • Up to £75k

    4 4.00%
  • Up to £100k

    8 8.00%
  • Up to £1million

    1 1.00%
  • There should be no limit

    79 79.00%
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Thread: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

  1. #1
    HEXUS.timelord. Zak33's Avatar
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    What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    OK people... lots of bandings possible but I've restricted them as best I can.

    What is the MAXIMUM ANNUAL SALARY that ANYONE shuld be capped at.

    If you wonder WHY this thread exists... go see http://forums.hexus.net/general-disc...next-year.html that thread.

    Poll open... vote away

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    HEXUS.timelord. Zak33's Avatar
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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    well that's 3 people think there should be no limit.. the first three votes

    Quote Originally Posted by Advice Trinity by Knoxville
    "The second you aren't paying attention to the tool you're using, it will take your fingers from you. It does not know sympathy." |
    "If you don't gaffer it, it will gaffer you" | "Belt and braces"

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    Welcome to stampytown! Salazaar's Avatar
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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    I see no good reason to limit anyone's pay. If an employer thinks you're worth £1 million a year then let them pay you that!

    On the other hand, since that £1 million salary equates to roughly 30 times the average salary in the UK (around £25-30k), which it one can be reasonably be expected to live off, then it's only fair that a fairly hefty tax rate be levied on it.
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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    I've voted for "There should be no limit". Obviously there are people out there who don't earn their high wages, but there are those that do. I know a few people who have built up their "empires" from scratch, and each and every one of them works hours that most people wouldn't believe (i.e. leave the house at 5am, return at 9pm. Repeat 6-7 days a week).

    One friend in particular runs his own business which he started up from scratch. He went through some hellish times and almost lost his house getting the business up and running. He worked (literally) 20 hour days and I've never met anyone who works so hard.

    Thankfully, it all paid off in the end. He's now driving around in a new Ferrari with a business turning over a few million a year. He still works long hours, but that's more because he's just a hard worker than because he has to.

    Do I begrudge him his money? Absolutely not. I know what he went through to get it, and I don't think anyone has the right to cap the earnings of people who are willing to put the work in.
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    Jay
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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    footballers should have their wages capped, they are on stupid money.
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    jim
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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    It would become a very odd game though. And it would also probably come down to who was prepared to engage in the most "cap-dodging".

    To be honest, I don't think the current system is all that bad for the economy. We get some idiot like that Sheikh who owns City, now he's pumping millions of pounds worth of foreign money into the Manchester area. Can't be a bad thing.

    By the way, I voted no limit. Companies will pay what they need to make the maximum profits - no harm in that.

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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    Quote Originally Posted by Jay View Post
    footballers should have their wages capped, they are on stupid money.
    I agree but the only way that'll happen is if fans don't buy tickets or the new strip that's released every week, problem is that's not going to happen as it seems to be a cardinal sin to miss a match (based on all the fans I know, can't stand the game myself!)

    Although saying that they're private companies, if they want to overpay then just let them, I just think that sort of money should go to people/services who really deserve it (Drs/nurses/police/etc)

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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    It would be an idea to keep the high earners (and therefore high tax payers) IN this country.

    By the time they have earned their first million, they've long since moved alot of their money offshore...
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    Does he need a reason? Funkstar's Avatar
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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    I haven't read that thread (I'm lazy and it's a long thread), what is the reasoning behind limiting peoples earning potential? In a nutshell please.

    I can't see what the possible advantage would be. Even if the super high earners currently move their wages out of the country before tax now, limiting their wages isn't going to prevent this, they will still make massive salaries but will earn them outside the country and pay no tax on it. It would be a pointless and damaging exercise.

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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    In the general case, there should be no limit. I can see an exception in special circumstances, like where a bank only still exists because the taxpayer had to bail it out, but that is a special and temporary case, and it's a subject for another thread anyway.

    In general, I can see no practical reason to limit salary. And from a pragmatic point of view, you'd simply drive high earners offshore anyway.

    What you do in terms of tax policy is another matter, but that's precisely what the other thread Zak linked to is all about.

  11. #11
    HEXUS.timelord. Zak33's Avatar
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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    this is just about limiting people's salary's.... in the current world in which we live, with the tax laws and rules we live with...

    should people have their income limited?

    Quote Originally Posted by Advice Trinity by Knoxville
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    HEXUS.timelord. Zak33's Avatar
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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    Quote Originally Posted by Funkstar View Post
    I haven't read that thread (I'm lazy and it's a long thread), what is the reasoning behind limiting peoples earning potential? In a nutshell please.

    I can't see what the possible advantage would be. Even if the super high earners currently move their wages out of the country before tax now, limiting their wages isn't going to prevent this, they will still make massive salaries but will earn them outside the country and pay no tax on it. It would be a pointless and damaging exercise.
    Quote Originally Posted by scaryjim View Post
    I'm sorry, but £100k a year *is* obscene. Tax the buggers to hell, that's what I say

    I earn less than 1/3 of that. My wife is at uni and therefore brings in her student loan plus a few very helpful bits of extras from selling books on Amazon, doing mystery shops, stuff like that, but probably no more all told than ~ £5k a year. But once you account for all our expenses, bills, shopping, rent, council tax, etc. we end up with around £300 a month, effectively spare.

    So please, please tell me who on earth needs to earn more than £100k a year. Seriously.
    and ignoring the tax issue cos we;'re not talking tax here...

    Quote Originally Posted by j1979 View Post
    i hear what you say, but it's utter rubbish mate.. NO ONE has the right to earn such obscene wages, and they certainly don't have the right to complain about tax. it's greed plain and simple.

    if person A, earns 20 times more than person B thats unfair

    if person A, then thinks that higher tax band is unfair... it really is tough.. and that person can, after all, take the option of going on a lower tax band by taking a wage cut.

    Quote Originally Posted by Advice Trinity by Knoxville
    "The second you aren't paying attention to the tool you're using, it will take your fingers from you. It does not know sympathy." |
    "If you don't gaffer it, it will gaffer you" | "Belt and braces"

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    Senior Member oolon's Avatar
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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    Quote Originally Posted by Rob_B View Post
    I agree but the only way that'll happen is if fans don't buy tickets or the new strip that's released every week, problem is that's not going to happen as it seems to be a cardinal sin to miss a match (based on all the fans I know, can't stand the game myself!)

    Although saying that they're private companies, if they want to overpay then just let them, I just think that sort of money should go to people/services who really deserve it (Drs/nurses/police/etc)
    I think football is going/getting a credit crunch of its own. For years many of the teams only have survived by having rich sugar dads (if they had to trade at a profit most would fail). Any normal business just could not be run they way they are. ManU is in huge problems due to the debt level, their sale of bonds unrated because they would have been listed as "junk", did not go so well, making an instant loss on paper for anyone buying. Football has got itself into a vicious cycle of paying extreme salaries to get the best, having to out bit each other to keep competitive. This had now got to the level where the game is at risk. Which for many would be a shame.

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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    What oolon said ^^^^

    I don't think we should limit salaries, but that's very different from saying I think some "salaries" aren't obscenely excessive, and Premier footballers would be right at the top of the list. But if the clubs can and want to pay it ..... why should they be prevented?

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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    Quote Originally Posted by oolon View Post
    .... This had now got to the level where the game is at risk. Which for many would be a shame.
    And for the football-hating among us, it's a glimmer of hope.

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    Senior Member oolon's Avatar
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    Re: What is a FAIR MAXIMUM annual salary for ANYONE in the UK?

    Quote Originally Posted by Saracen View Post
    And for the football-hating among us, it's a glimmer of hope.
    Indeed! Did you notice my choice of words!

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