Dangerous stuff Compass, dangerous stuff

And an overwhelming 83% of respondents agreed that excessive bonuses and executive pay fuelled risk-taking, which played a major part in the economic crash.

The YouGov poll, commissioned by centre-left pressure group Compass, found that 73% of voters agreed with a tax on £10,000-plus bonuses.

Some 68% would also support the Government in imposing a new tax on major transactions by financial institutions, in a bid to curb the \’\’risk culture\’\’.

And 78% agreed that the growing gap between rich and poor was bad for society.

Nearly two thirds of people (63%) supported the establishment of a High Pay Commission, which would review executive pay.

Democracy isn\’t all it\’s cracked up to be you know. You\’d be amazed how illiberal (in the leftish sense) and how illiberal (in the real sense) the general public actually are.

The majority of the public would string up kiddie fiddlers without trial: when some Labour minister went on the radio pledging to bring in whatever bill the public voted for it was to repeal some Labour shibboleth (can\’t remember, self defence or foxhunting?): juries regularly enrage feminists by returing not guilty verdicts in \”he said, she said\” rape cases.

If you really bring in rule by the mob then you\’ll end up with a society that none of use liberals (of the left or classical persuasions) would like. A great deal of the superstructure of the law and of the political system is there to prevent that very thing, the gusts and gales of prejudice amongst the populace reaching the law books.

So the idea that this week the mob would punish the rich is not all that persuasive: for last week they would have punished teh gayers (as indeed, by popular demand, the British polity did for centuries), next week funny brown men with beards and if asked, no doubt would argue for hanging paedophiles by their balls from the nearest lamp post upon mere suspicion.

True democracy? Really not sure you want to go down that path you know?

13 comments on “Dangerous stuff Compass, dangerous stuff

  1. The Holy Trinity is property rights, the rule of law and democracy. Unfortunately the other tow don’t have the same profile.

  2. Especially as the root cause of the problem wasn’t risk culture or bonuses it was that the currency regulator deliberately created a credit boom by fiddling inflation stats and lowering reserves far below risk.

  3. The YouGov poll, commissioned by centre-left pressure group Compass, found that 73% of voters agreed with a tax on £10,000-plus bonuses.

    73% of voters haven’t worked out that anyone who gets a £10k bonus is most likely already paying the higher rate of taxation on that bonus?

  4. I’m pretty sure that the death penalty would be reinstated if the public had their way.

    Good ( although I believe this is no longer true ), why not exactly ? In some cases it is clearly required for anything approaching justice to be done and if we are not concerned with Justice then I would like to know in what basis I am forbidden to take revenge ( which I would )

    On the Cum-up-arse survey his is simple trick 100% of people would like other people to give their money to them via the state .
    If you ask the question , would you support a punitive prgressive tax in the knowledge that

    A It would reduce revenue
    B It will make your poorer

    ….On the basis of equality…..

    You would find 100% of people would say errr…No.
    They are always churning out this crap just ignore it I think there is a problem with Banking but this is not the answer . That by the way is a neutral question if I want to put my won spin on it I

  5. if I want to put my own spin on it ….(oopsy) The right question is would you support a Party who makes spending commitments in the full knowledge they cannot be paid for except by taxing those oin the top half of earners which is above £20,000 and includes about every house in the land .( So sayeth St. Chote of the Holy IFS)

  6. The majority of the public would string up kiddie fiddlers without trial

    Bollocks – Easy to say but it aint true . I think you are onto a highly interesting subject here , ie the limits of democracy but its not as easy as that. The fact that in broad terms the Public want justice returned to the system is not because they are wrong and the Liberal elite is right au fucking contraire old son

    Still you are if not on the bolls eye IMHO you are in the close

  7. The public are rarely asked the hard question that their elected representatives are supposed to answer: “Do you support measure A, even if it has consequence B?”

    And of course people support polls that agree with them while questioning polls that disagree.

  8. Voters generally support a measure if it either benefits them (or, at least, does not adversely affect them) or punishes those of whom they disapprove; ideally, both. Rarely do they consider whether a measure is morally justifiable.

  9. “The majority of the public would string up kiddie fiddlers without trial”

    You mean “accused kiddie fiddlers” since it’s the trial that determines if they are kiddie fiddlers.

  10. “In some cases it is clearly required for anything approaching justice to be done”

    That makes a massive assumption about the quality of the justice system.

    I’m not against the death penalty because I have compassion for evil doers, I’m against it because I recognize the system makes mistakes and it’s a huge injustice for the state to kill an innocent person.

  11. “it’s a huge injustice for the state to kill an innocent person.”

    This was recognised at the time and it was known as “dying for your country” – essentially if/once the miscarriage of justice was revealed, the poor sod would, posthumously, be regarded in the same light as a soldier killed in battle.

    Not much cop, but that was at least recognised as part of the social contract and, in any event, it’s not a great deal less cop than being released from jail after 10 or whatever years imprisonment for murder with an apology and compensation less 10 years b&b (as i believe is indeed charged).

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