I'm all for decreasing people's dependence on government programs -- they diminish the inherent, well-earned pride of full-time work. But we have to start paying them for their work first. It's hard to make a living when the "makers" make the laws.
Many companies stress the importance of "teamwork" as a vital practice for the success of their business -- and yet, far too many businesses hesitate to ensure that the values of collaboration and reciprocity are reflected in their pay scales as well.
The inherent problem with allowing the Bush-era tax cuts expire for Americans earning more than $250,000 a year -- let's call them $250k+ Americans -- is that not all $250k+ Americans are created equal.
Social Security's benefits are modest by virtually any measure, but vital to the millions of seniors, people with disabilities, and survivors who rely on them. The annual Cost-of-Living Adjustment (COLA) is not a benefit increase, but a part of the basic benefit.
If Bob Diamond wants a new thing to worry about, he might start worrying about this. He doesn't seem too keen on politicians, but he might want to listen to one he would, in a select committee, call "Nick."