Should politicians around the world take their share of the blame?
As we see the US Congress rushing through a taxation scheme which will take 90% of employee earnings over $250,000 of companies which have received more than $5 billion in taxpayer funding, is it time for the politicians to take their share of the blame?
Without leaning towards any particular political party, or against any particular political party, surely the politicians around the world should also feel the pain of the recession like the rest of the population and the business arena. However, politicians around the globe continue to receive significant handouts, massive pension arrangements and expenses that many of us can only dream of. Even though these are all legal and above board are they really in keeping with the spirit of the current economic environment and those who have played a part?
How ironic that the politicians around the globe continue to enjoy a lavish lifestyle while taxpayers and businesses hit the rocks with taxpayer funding being used to save the political skins of many around the world. It will be interesting to see, when the dust settles, how the ongoing recession has impacted upon politicians, businesses and the taxpayers and who exactly has felt the pain more than any other.
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