ABOUT KAMRAN’s Blog and GUEST BLOG
I- KAMRAN’s Blog: Dedicated to the Common Good- aiming to be a source of hope and inspiration; enabling us all to move from despair to hope; darkness to light and competition to cooperation. “Let the beauty we love be what we do.”-Rumi
II- KAMRAN MOFID’s GUEST’s BLOG: Here on The Guest Blog you’ll find commentary, analysis, insight and at times provocation from some of the world’s influential and spiritual thought leaders as they weigh in on critical questions about the state of the world, the emerging societal issues, the dominant socio-economic logic, globalisation, money, markets, sustainability, dialogue, cooperation, environment, media, spirituality, faith, culture, the youth, the purpose of business and economic life, the crucial role of leadership, and the challenges facing economic, business, management, education, and more.
“When we are dreaming alone it is only a dream. When we are dreaming together it is the beginning of reality.”—Helder Camara
Angel Oak Tree, Charleston, South Carolina, USA
Photo: pinterest.com
- Details
- Written by: Kamran Mofid
- Hits: 3353
Yesterday (4 April 2013) UK’s Chancellor, George Osborne asked: Why should the taxpayer fund 'lifestyles' like those of the Philpotts? He said that it was now time for Government and society to "question" whether it was appropriate for "lifestyles" such as Philpott's to be funded by the taxpayer.
I agree. Those who abuse the system and steal from it, must be identified, shamed and punished.
However, in order to be consistent, fair, and just, I believe that Mr. Osborne must now answer the following question too:
Why should the taxpayer fund 'lifestyles' like those of the Sir James Crosby, Andy Hornby, and Lord Stevenson?
*The bank, formed out of Bank of Scotland and Halifax in 2001, racked up £47bn of losses on bad loans
*Such losses would have led to insolvency, had the bank not been bailed out by the taxpayer and Lloyds TSB, the commission claimed
*Banking standards commission chair Andrew Tyrie says there was "a colossal failure of leadership"
*The report, called An Accident Waiting to Happen, said that £20.5bn of public money went into the rescue of HBOS before and after its merger with Lloyds