Can You Get By On £1M A Year?

[ToraToraTora]

http://www.bbc.co.uk/news/uk-26595093
I don't think cable understands modern life at all.

[Graham-W]

Read it again. Cable is saying he can't understand why anyone would need a million pounds a year.

[Graham-W]

Ahh. Got you. You mean Cable doesn't understand why YOU need over a million pounds a year. Now I understand.

[twofeathers]

I think I might manage with less

Who put the B in Bankers anyway!

[jim360]

I struggle to spend less than £15k a year... if I had £1 million/ year I expect about 90% of it would end up either being given to charity or (more likely, if I'm honest) rotting in a bank account somewhere.

[factor-fiction]

I agree with Cable as I'm sure most of us do, but when people start to earn close to £1 million pa they have similar outgoings and want more, and also it's about being seen to be rewarded better than your peers.

But all this is relative- someone in a third world country would probably not understand why anyone feels here feels the need to earn more than £10 a week

[ToraToraTora]

quite right FF, I mean you can't get a decent boat for a start!

[Gromit]

I suppose if you have job insecurity because the bank that employs you is so incompetent that it is going bust, or faces a huge regulatory fine, or it has spent the £Xmillions of bailout money it got from the taxpayers a few years ago, then you need a regular £1million plus, so you are able to sleep at night.

Meanwhile, in the opiate free real world, these *** deserve all the scorn coming their way.

[Old_Geezer]

Whilst he has a valid point, I don't believe his "sympathetic bankers" are likely to remain so if he points out they have a "ludicrous mindset".

The reality is that money needed for personal use is not going to be anything like £1M a year. It's the idea that those lucky to be in a position to demand it gradually cease to realise they are taking more wealth than is reasonable, which can only be done by others having less, and somehow think they are so important and so deserve it. Thus one of the many failings of the human mind.

[pixie373]

Most people do. People either get greedy or they're so insecure, they "need" it to prove to others how important they are?