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Defining Greed
Generali
Posts: 36,411 Forumite
We've had a lot of bemoaning of 'Greedy Bankers'. From what I can tell, many or most posters use the word 'greedy' when they really mean 'highly paid'.
So what level of pay is 'immoral' or greedy per household do you think?
What should be done (if anything) to prevent people earning above that threshold?
A good friend of mine made a net profit of over [FONT=verdana, arial]£180,000,000 for the insurance company he works for and will get a bonus of about [/FONT][FONT=verdana, arial]£1,000,000 or 0.55%. Is he greedy or successful?
[/FONT]
So what level of pay is 'immoral' or greedy per household do you think?
What should be done (if anything) to prevent people earning above that threshold?
A good friend of mine made a net profit of over [FONT=verdana, arial]£180,000,000 for the insurance company he works for and will get a bonus of about [/FONT][FONT=verdana, arial]£1,000,000 or 0.55%. Is he greedy or successful?
[/FONT]
What level of household income do you define as 'greedy'? 73 votes
£0-19,999
13%
10 votes
£20,000-39,999
0%
0 votes
£40,000-59,999
4%
3 votes
£60,000-79,999
10%
8 votes
£80,000-99,999
9%
7 votes
£100,000-119,999
15%
11 votes
£120,000-139,999
4%
3 votes
£140,000-£159,999
4%
3 votes
£160,000-£179,999
6%
5 votes
£180,000+++
31%
23 votes
0
Comments
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For me, the bug bear is people earning good money that won't believe that others don't have the same disposable income and call them "tight" or "mean". e.g. splitting the cost of a meal when the high earners have guzzled down 3 bottles of wine and 2 chasers, had 3 courses (including everything King Prawn) and wasted most of it, then they call you tight/mean if you point out that you don't want to split the £150 meal 3 ways because you had a jug of water and the cheapest main course only, costing a total of £9.
And then there are those that are arrogant enough to state that they got what they get because they work hard. We ALL work hard. They were just lucky, knew somebody, were geographically better placed, etc etc.
I don't think any level of pay is immoral or greedy until somebody's turned somebody else over for their financial gain. e.g. bankers whose bonuses are payouts for business that was corrupt/bad and defaulted; any sales people that lie to get the deal.0 -
I can't click on the poll. I don't think it's about how much, it's about how good the heart was that earnt the money, how it was earnt.
How many small people were trampled on to get it.0 -
I haven't voted because I don't think income is useful when measuring 'greed', sorry.
Some of the least greedy people I know earn over £100k as a household, but they live sensibly and invest their money for their future and don't live beyond their means. They're grateful for what they have.
But then I know of people who neglect their children, through working too much overtime who can't be on more than £30k. Surely these people are much more greedy?
I think it is more to do with attitude towards money than level of income.
A year ago (I was more left wing then) I'd have said anything above approx. £50k was immoral, since you don't need that money, but I guess I see it isn't quite so clean cut now.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
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He is successful
If he made a loss of 180m he would be greedy.
P.s how do you spell "succesful"
Tried all ways and it still looked wrong cant be arsed looking in dictionary at this time of night.0 -
mrstinchcombe wrote: »BTL landlords
Why? Plenty of people want to rent, why shouldn't someone supply the demand?“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
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two ss just looked wrong
Thanks0 -
PasturesNew wrote: »I can't click on the poll. I don't think it's about how much, it's about how good the heart was that earnt the money, how it was earnt.
How many small people were trampled on to get it.
:T :T :T :T :T :T"there are some persons in this World who, unable to give better proof of being wise, take a strange delight in showing what they think they have sagaciously read in mankind by uncharitable suspicions of them"(Herman Melville)0 -
I don't think over 180k is greedy, if they earn it for shareholders/fundholders etc.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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