Reality Strikes
Neil Harding wonders about my erstwhile membership of the Labour party given my remarks yesterday. Actually, on one count he is entirely right, what we earn and what we deserve to earn are not necessarily the same thing. My point, however, is that it is not up to government to dictate what we deserve – not least when MPs award themselves inflation busting pay awards that make pigs snuffling at the trough appear dignified critters when a direct comparison is drawn between the two. No, what people earn is entirely up to those who choose to buy their labour. Don’t like it? Well, take your labour elsewhere. If an employer wants the best people for the job, their remuneration package will reflect that. If they want to award a six figure sum to their CEO, well, it’s their money and a CEO can lose that coveted position at the drop of a Dow Jones or FTSE point, so the six figure salary and share options reflect the level of risk involved. It has bugger all to do with the state. There is no moral right by which the state may decide what we should earn and amend it accordingly. That is the behaviour of the totalitarian state.
Still, back to the point about my politics. There was a time during the Thatcher years when I was horrified by high rollers earning millions while others trotted down to the dole office. Not least because there were times when it was me doing the trotting and it wasn’t a pleasant experience. That’s why I took low paid temporary jobs and eventually managed to obtain employment in the rail industry at a salary and level that reflected my skills and intellect. History is currently repeating itself, but rather than go through the soul destroying experience of dealing with the state and its new start scheme (or whatever tacky euphemism the dole office goes by these days), I went directly into the temporary thing. It is low paid and I don’t much like it, but I am driven by the need to earn a decent salary again and the determination to get something that reflects my skill set. Do I envy those high rollers? Damn right I do. Do I begrudge them their earnings? Of course not; it gives me an aiming point. Squeezing the rich until their eyes pop out does not work. History repeatedly tells us that the socialist utopia is a pipe dream that is unsustainable. Yet still we hear socialists whining about high earners, complaining that they should be taxed more. Tax havens don’t happen by accident and more taxes will merely fuel more tax havens. Those who complain about the evils of capitalism conveniently ignore human nature as we are all capitalists at heart, but still Keynes’ mantra beats in the hearts of those who follow the socialist creed.
Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
J M Keynes
Well, if that’s so, why do wealthy men become philanthropists? Maybe they are not so wicked after all.
I am a reasonable man. I am intelligent enough to recognise the point when my opinions are directly contradicted by the facts. Sometime during the nineties my opinions collided violently with the evidence presented by the world about me. I look at Britain and where it was in 1979 compared with today, following the necessary economic changes of the nineteen eighties. I also look at France as it prepares to undergo the same painful transition and am appalled at the restrictive working practices that hold back growth and with it, entrepreneurism and the employment opportunities that stem from those prepared to risk all to start business empires.
What does a reasonable man do when facts and opinions collide? I could have continued to delude myself and ignored the facts. Or, to stick with Keynes for a moment, I could have revised my opinion so that it aligned itself with the facts.
I chose the latter, what would you do?













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