Wednesday 30 November 2022

Loads of Money

The billionaire owner of TCI Fund Management paid himself $690m (£574m) for last year. This is equivalent to £1.5m per day (https://www.theguardian.com/business/2022/nov/30/sir-chris-hohn-paid-himself-equivalent-of-over-15m-per-day-this-year). £1.5m is 15,000 times the avarage UK salary. This amount 'takes the mickey', coming as it does, in the middle of a cost of living crisis. Some disabled folk currently can't afford the electricity, to recharge their wheelchairs. One has to wonder how much tax was paid on this Fund Manager's annual 'salary'? It's really just legalised gambling with other folk's money.

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