@JamesMelville Someone on question time last week said reducing speed limits in Wales from 30 to 20 mph was worth it even if it saved just one life. So by that measure she would also reduce speed limits to zero. i.e. no cars at all. Many people lack an understanding of risks vs benefits.
The Green Party's 10:1 pay ratio salary cap proposal would force football's Premier League out of Britain, resulting in the loss of £9.8 bn in gross value added (GVA) for the UK economy, 100,000 full-time-equivalent jobs & £4.4 billion in tax revenue.
1/2
@_StoicJoe_@StoicRocky@PensionsMonkey@JuliaHB1 You're making the assumption that an unregulated market means one not bound by the law. A company cannot break the law, regardless of whether it's regulated or not.
Some regulation is good but the green party (and labour) intervene in areas where it doesn't need to.
@_StoicJoe_@StoicRocky@PensionsMonkey@JuliaHB1 Surely there is a balance to be had. The argument being made is that the proposal by the greens will do more damage than good. Will footballers have their pay limited to 10x the lowest paid in the club?
@_StoicJoe_@PensionsMonkey@JuliaHB1 Market forces should determine what people are paid, not government interventions. Time and again whenever governments intervene with markets it causes distortions and a lack of price discovery, which causes more harm than good.
@_StoicJoe_@PensionsMonkey@JuliaHB1 The trouble with the original question is that the majority of people's salaries don't come close to CEO salaries, and so the natural answer is to support the suggestion without thinking about the economic reality of what supporting it would mean.
@JillBelch It would create jobs, get money moving in the economy, generate taxes, help balance the budget and strengthen the pound, helping keep a lid on inflation at a time of high energy cost, which lifts prices of food and other imported goods.
@ret_ward But it would create jobs, get money moving in the economy, generate taxes, help balance the budget and strengthen the pound, helping keep a lid on inflation at a time of high energy cost, which lifts prices of food and other imported goods. Why do you ignore this?
@colinwalker79 It would create jobs, generate tax revenue and strengthen our currency, which would help reduce inflation, especially important at a time of high oil and gas prices.