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Keith, in reply to your question, I don't mind bonuses being paid to people who earn less than a top salary, including those on the minimum wage.
I don't complain out of principle about people in places of high responsibility getting even over £100,000 a year. Even the £300,000 a year of top bankers doesn't worry me, providing they do their job properly.
A basic salary of a million a year seems over the top. I'd say stop at 300,000, with no extras (and no free shares either, as they can buy shares from their salary).
To impose a maximum annual salary of £12,000 a year as you suggest might just about be communism. This would not be fair either, and seems as unacceptable as paying a share-holding director 1 million pounds even without bonuses.
The minimum wage, as prices stand now, should be £10 an hour.
All in all I consider myself a moderate leveller, believing in the need for an elected and accountable House of Commons but no house of lords, hence no privileges for elites.
All bogus titles should be abolished.