How Can They Account For This Much

[emmie]

money to be paid to one person. Does seem rather a lot, or is that an understatement.

https://www.bbc.co.uk/news/business-46289499

[Deskdiary]

Good for her.

It's an incredibly successful private business, so what she pays herself has literally nothing to do with anybody else.

I can see zero connection between what she pays herself and the trouble some gamblers get themselves into. You seem to be suggesting it is somehow morally questionable that because some gamblers can't control themselves, she shouldn't be paying herself that amount of money. I just don't see the connection.

There's plenty of drunks about as well - should the bosses of alcohol producing private companies feel morally obligated not to pay themselves well because some people can't control themselves?

[naomi24]

There's nothing wrong with enterprise. Society would be in a sorry way without it. Did those complaining about social injustice ever take a look at communist Russia, or the former Yugoslavia? Bet you wouldn't want to live in either.

[Old_Geezer]

And neither extreme is necessary. Sensible limits can encompass morality better.

[naomi24]

OG, What limit would you impose - and if limits were imposed, where is the incentive to work harder?

[Deskdiary]

If you start imposing limits (and by imposing you mean legislating) we could be in the daft position with agreeing with the Greens who stated in their manifesto that the highest earner should earn no more than 20x the lowest earner - granted the Greens can say what they like in their manifesto because they will never have a hope in hell of implementing their daft suggestion, but Corbyn suggested something similar, albeit watered down.

You can't stifle people wanting to achieve.

[Old_Geezer]

Work harder ? Putting up odds and collecting what rolls in ? Income isn't related to how hard you work.

Incentive is in achievement once you've made enough to live well.

The nation should decide between them what range of income is reasonable rather than outrageous, and ensure both minimium wage, and the point at which 100% income tax to ensure excess extraction is returned to the community, exists.

[sevenOP]

"OG, What limit would you impose ?"

Well here is a 'limit' to impose on the unknown trillions of £s that avoids paying ANY tax by ending British created tax havens and financial secrecy jurisdictions by :
Stopping public councils from issuing public contracts to companies operating out of tax havens.

Create public registries of beneficial owners of companies, trusts and foundations.

Introduce full transparency of deals and secret agreements between companies and governments.

Introduce public country by country reporting by multinational companies.

Introduce automatic information exchange between all countries.

Simple, fair, transparent and 'democratic' with ZERO chance of ever being enacted, as those in control of this system intend to remain in control but will allow those controlled by it to fight over the distribution of the crumbs at the bottom.

[naomi24]

OG, income isn’t always directly related to hard work, but more often than not, contrary to what appears to be popular belief among lower earners, high earners work damned hard for what they have and they, together with people who run highly successful businesses, don’t do a nine to five job. They don't go home at the end of the day and forget it until tomorrow. I can’t work out how your suggested imposition of a limit on income would work for the owner of a private business. What does he do once the limit is attained? Shut up shop? And who in their right mind is going to work only to pay 100% of their earnings in income tax?

[ludwig]

She's entitled to pay herself what she likes, but I do wonder about what makes these people tick sometimes, especially as you'll often find them coming unstuck and ending up in jail because they lied on their tax return to save a measly sum (to them) like 50k.

I mean wtaf can you do with 265m that you can't do with say 100m?

[emmie]

i thought it rather a large sum, but i wouldn't stifle business as such, but the gambling industry as a whole should take a long hard look at itself. Now the facts come out that children under the age of 18 are using online gaming, and that the figures are somewhere around 50 thousand kids, not good for them at all.
Perhaps the lady in question is worth that much money.

[ludwig]

// Perhaps the lady in question is worth that much money. //

No-one's worth that much money unless they've found a cure for cancer, brought about world peace, or solved global warming.
She's made that much money by running a successful business, but that's a different thing.

[sevenOP]

Perhaps you can enlighten us ludwig on some of "these people ... especially as you'll often find them coming unstuck and ending up in jail because they lied on their tax return to save a measly sum (to them) like 50k."

This young crook certainly learned from his overnight stay in jail

https://slate.com/business/2014/05/richard-branson-tax-fraud-how-a-youthful-indiscretion-helped-create-a-billionaire.html

[Bazile]

//I mean wtaf can you do with 265m that you can't do with say
100m? //

I was watching a programme a while back about billionaires

One of the contributors who provide services for these billionaires stated that when your'e that rich a lot of them run out of things to do with their dosh .

So they spend money on acquiring a bigger XYZ than the other billionaires have got .

You roll up in a million pound yacht and that makes me go and buy a bigger yacht that you have got ..and so on and so on

[jno]

she started a company from a few shops her father owned and built it into a giant. I assume it operates within the law by putting a "When the fun stops, stop" sign on their ads, and there aren't any shareholders - she owns half the business. So good luck to her, an entrepreneur who's done well.