Trying to grasp the extent of the wealth that we produce to give to the army of parasites that feed of our backs is difficult. We tend to live in the real world of wages that keep you scurring back to work to pay next months bills. While sums of money that look like your mates phone number just don't register properly and are impossible to imagine dropping into your bank account on a regular basis. Staying with Think Left, this article helps put it into some perspective.
Royal Bank of Scotland chief executive Stephen Hester has agreed to waive his bonusof approaching £1million after the Labour Party threatened to call a parliamentary debate on the issue.
“these men can afford to refuse what the rest of us would consider a fortune”
This follows close on the heels of the RBS chairman, Sir Philip Hampton’s, decision to refuse his own bonus of £1.4million. As a measure of wealth these figures are pretty striking. They are bonuses not pay. Mr Heston still stands to pocket in the region of £39million during his time with RBS.Apparently these men can afford to refuse what the rest of us would consider a fortune. To put it into perspective, if you were to put £1.4million into a savings account at 5% interest, this would earn you £70,000 a year.
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