His point that the type of colossal bonuses we're talking about date only to the turn of the millennium is well made. Would the world's bankers really all go on strike if they were forced to return to the (already high) remuneration levels of a decade ago? Of course not.
Taylor's point about the dubious manner in which banks book "profits" is also important. Why on earth should vast bonuses be given to traders when it's entirely unclear whether their deals are going to pay out?
And to those who say "it's none of our business", remember the dreaded words "too big to fail".
Whether you believe its shareholders, or regulators, or governments directly that need to address this, the idea that it's not a problem is surely beginning to sound rather absurd.