From the TUC

Bankers are like the boy who cried wolf

09 Dec 2009, by Guest in Economics

Bankers are up in arms about the one off tax on bonuses, but they still don’t get it. They have no divine right to giant bonuses every year. The Chancellor’s proposal today is at the modest end of what he could have done, and is only a single one-off tax.

Bankers would be well advised to stop complaining and spend today instead reading what happened to the boy who cried wolf.

Robert Peston has an interesting take on the bonus tax. He clearly thinks it is a clever move.

2 Responses to Bankers are like the boy who cried wolf

  1. Tweets that mention Bankers are like the boy who cried wolf | ToUChstone blog: A public policy blog from the TUC —
    Dec 9th 2009, 4:47 pm

    […] This post was mentioned on Twitter by John, ToUChstone blog. ToUChstone blog said: Bankers are like the boy who cried wolf […]

  2. John
    Dec 10th 2009, 11:56 am

    I am perplexed at the government’s approach to the bankers. The banks were technically bankrupt, most of these bankers are second rate and would all have lost their jobs without our money to stop their banks going bankrupt. Anyone can make a “profit” by declaring money that they have not actually received on the company’s books but a day of reckoning will come and it did come. The bankers paid themselves vast amounts for false “profits” and we are now just letting them continue. Why?? See Bankers Bonuses.