While it’s true many bankers had to change career after the BFM (Big Financial Meltdown – GFC is getting so boring), many bankers still manage to jingle when they walk. Following the bailouts and handouts from various governments that many argue didn’t do much to teach any lessons, it’s the big boys in the banks who are rubbing their hands together with glee, thanking us very much.
Few of the top dogs have suffered financial hardship from the crisis, which means they can continue to lead their luxurious lifestyles knowing that every time it goes t**s up, they’ll get bailed out. And because of the nature of their wheeling and dealing careers, banker boys know that a good way to have more money is to pay less in tax. Yes, it is true, the more money people have, the less tax they pay. It shouldn’t be so, but it is – the rich and loaded can afford wily accountants who know where all the lovely loop holes are hidden, the rest of us have to deal with the dreaded tax office direct, and generally get a bum deal.
But say, one day, we had just as much money as the fat cats, able to stash our cash in the tax havens of the world… where would you choose to live?
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