Here in the UK, it is only now that the real fallout of the credit crunch is being hit. The government is making savage cuts across the public sector leading to loss of jobs and a massive reduction in services and support to people who really need it.
It seems hugely unfair to hear today that the city will be handing out £7bn worth of bonuses this year. The financial sector got us into this mess, we bailed them out and they haven’t really suffered at all!
It would be nice to make them pay, to tax them heavily and kill off the stupendously grotesque bonuses they receive. However, that would be naive.
However, they still need to be punished.
I say let them carry on earning their silly money, but to make the rest of us ‘normal’ folk feel assured that they have taken responsibility and feel punished I propose that all bankers are made to wear hats with a cock on it. They must wear it whenever they go outside in a public place and non-bankers are allowed to hurl abuse as well as fruit and vegetables at them. If they are found to not comply they will be sacked and fined.
Surely, this is a simple and fair proposal?