Come the revolution, we'll cap bankers' bonuses

Whining socialist Billy Bragg is giving us all the benefit of his opinions yet again.

Stephen William 'Billy' Bragg, senior figure in Leftie Luvvie circles, has threatened to stop paying taxes, and - revolution, Brothers! - called on others to follow suit, unless the government acts to limit bonuses paid by the Royal Bank of Scotland.

Of course, as you would expect, there's the fucking inevitable Facebook campaign, where Bragg whines..

"I understand that the Treasury had little choice but to use taxpayers' money to safeguard savings and stabilise and restore confidence in the financial system"

Oh, you 'understand' that, do you, Billy? It sounds more like you were fed that line by one of Gordon's little spin doctors.

'To safeguard savings and .. restore confidence': not exactly revolutionary talk, is it? Oh, and you forgot to mention 'hard working families': mind you, Gordo's handwriting is a bit flaky; perhaps you couldn't read that bit.

Bragg bleats on:

"What I don't understand is why, now that we taxpayers are the majority shareholders of these banks, we seem totally powerless to curb their excessive bonus culture?"

Well, Billy mate, without wishing to explain the whole of capitalism to you, it's usually the case that the shareholders want the companies they own to succeed.

One way to do this is to ensure that they have motivated staff, who are compensated at normal industry levels, do you see?

And generally, Bill, something shareholders - at least, those in their right minds, and without an overriding political agenda - would not normally do is to damage the company they have a stake in by pissing off key staff with some mindless political stunt to please blinkered lefties like you.

If you really want to drag politics into every aspect of a company's operations, and run it so it makes massive, crushing losses but ticks all of your Socialist Utopia boxes, then you have to nationalize it. And, thank Christ, even the Labour party aren't that stupid.

"I have written to the Chancellor of the Exchequer .. Alistair Darling, to inform him that I am no longer prepared to fund the excessive bonuses of RBS investment bankers.

You're not funding them, you fucking idiot. This isn't like your beloved public sector, where our money is directly funneled into the pockets of the employees.

"Unless he acts to limit them to 25,000 pounds, I shall be withholding my tax payment on 31st January."

Hang on. What? Why 25,000 pounds? Surely you're against bonuses in principle? Why is 25 OK, and, say, 30 not? You're just making this shit up as you fucking go along, aren't you?

Stick to the nasal dirges, Billy: you're good at those.

++UPDATE++: The Daily Mash, as ever, has nailed it:

"A spokesman for the Inland Revenue said: "I've actually got a copy of Talking With the Taxman About Poetry. Maybe he should do a new album called Talking With the Taxman About Spending 18 Months in Jail for Being a Marxist Twat."


banned said...

Good, I hope he gets fined; he nearly always ruined the house parties in my younger dats with his crap.

Captain Haddock said...

Another Socialist toss-pot "marked" up for elimination .. come the day !!

JuliaM said...

"Stephen William 'Billy' Bragg, senior figure in Leftie Luvvie circles..."

Ahhh, the Berk of Barking, a man who values and champions diversity so much, he fled to the West Country rather than stay in Barking...

Why does anyone listen to anything he has to say?

Jill said...


Don't diss Billy.

Ed P said...

WAS good at them - lately his whines, sorry tunes, have just been irritating

mungle said...

Is this the selfless Billy Bragg who while recommending the benefits of multiculturalism for others denied himself the benefits of it by retiring to a country estate in Dorset?

David said...

Yeah, except the greedy cunts "running" RBS don't believe in capitalism either. Which is why they went bleating to Gordy the second everything went tits up. Where were "market forces" when those cunts looked like they'd lose THEIR money because of their fuck ups?

They shouldn't get a single penny of bonus until every penny of Government bailout is repaid. And fuck the "talent" who will "abandon the City" if "bonuses are curbed". They can all fuck off- they're the reason why we're in the shit anyway.

Anonymous said...

Yes, I saw Mr. Bragg on the telly this morning. Addressing the nation from his Dorset mansion.

John Pickworth said...

Bragg misses the gross irony of why we're in such a monumental mess in the first place... Chancellors present and former with zero financial experience. Much like the singer himself. Although in Bragg's case he doesn't have any musical expertise either in most people's opinion.

RBS was a failed bank and shouldn't have had a single cent of our money... Again, more irony, Bragg moans about some banker getting a few K but didn't seem minded to complain when the poor of this country were 'relieved' of several £Billions. How typically socialist of him!

Anonymous said...

Has the Cunt got a record coming out ?

Joe Public said...

Banker's Bonuses are a bit like singer's Royalties.

I don't suppose William will decline to accept then for the next 25 years or so?

Fuckin' Hypocrite.

Captain Haddock said...

Just what is it with these Lefty "luvvie" types ? ..

They, like most Socialist politicians claim to hold & espouse such deep Socialist convictions ..

Yet they all live in big, posh houses, send their kids to private school & take foreign holidays ..

Has no-one told them how hypocritical, not to say twattish it makes them look ?

John Pickworth said...

"Has no-one told them how hypocritical, not to say twattish it makes them look ?"


However, socialism for the 21st century dictates...

1. Ignore the little people.
2. Never admit you're wrong.
3. Avoid elections at all costs.
4. Do not resign.
5. Always take more than you need.
6. Repeat 5 until the Tories win.

Am I wrong?

Lola said...

Small technical point from someone who does financial services on the street. The banks have been defacto nationalised since the coming into law of the FSMA 2000. The resulting FSA rulebook is nationalisation by regulation. I said this at the time. I said it would cause the FS system to fail and it has. It worse now of course as the banks are a part nationalised cartel.

Maturecheese said...
This comment has been removed by the author.
Maturecheese said...

A little of something is good, something taken to excess is bad. Yes Bragg is a leftie tosser but excessive bonuses are wrong. Rampant Capitalism is just not desirable and whether it is unlibertarian or not doesn't matter. What matters is what most of us think and I think you will find that the majority of us believe excessive Bank bonuses STINK!!

24 January 2010 13:10

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