Monday, 19 November 2018

Day 229: Greed

Carlos Ghosn the chairman of Nissan has been arrested in Japan for Financial misconduct.  Here is a man whas has been paid over €10 Million per year over 5 to 10 years and yet he is being accused of using company assets for private purposes and under reporting his compensation to his shareholders.  I cannot understand why someone would who has already made a fortune would bother to cut a some corners to add a few million to an already massive amount.  Is it really that important to have 100 Million rather than 50 Million?  Although I have never been in favour of punitive taxation on the wealthy, when I see such greed I cannot help but feel that our present system needs to be completely rethought..  A good start would be for all countries to adopt the Finish system where everybody's tax and income information is published every year.  

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