n 2014 the EU passed legislation that capped bankers’ bonuses at 100% of their pay or 200% with shareholder approval. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on banker’s pay will push up non-bonus pay and cause bank’s costs to rise.
@4TTW7YZ3yrs3Y
Any worker should be rewarded according to success, but not with excessive amounts of money, that is unfair! And in my opinion , the brokers who were responsible for selling sub prime mortgages should pay back all if not some of the money they made, as it was the tax payer who had to bail the banks out. Banks should not rely on the tax payer to bail them out when they make risky and frankly stupid decisions. Any banker who profited from our losses should have been made to pay that money back!
Yes, the bonus they receive should be capped at 100%. However, the excess money should not go into the bank's profits and shareholders.
@9LMW7N41wk1W
There are various moral and ethical concerns about banker's bonuses but my instinct is that it is not the place of government to decide these sorts of things. I also agree that if such regulations are passed banks will simply take action to circumvent any restrictions, e.g. by increasing salaries.
@9LDRMDW3wks3W
Abolish the cap on bankers bonuses but tax the bonus separate as an extra tax. The tax should be 100% until they have reduced their works carbon emissions, and the tax rate on their bonus reduces by 1% for every 1% they decarbonise.
@9L34QCN1mo1MO
This is a silly question as all they will do is increase their salaries to ensure they get the same amount of money if not more
@9J4828L3mos3MO
No, but there should be a new level of tax for bonuses that are higher than 100% of their yearly salary.
@9D2Q5C89mos9MO
@98SZ7P31yr1Y
No, but increase tax to 75% at source over 100% of pay
@98BB8NS1yr1Y
No, tax revenue will increase the higher the bonus
No, but bankers should also provide equity for any financial problems that their banks face
@988N4ML1yr1Y
No, but there should be a cap
@984F8CV1yr1Y
No, but bakers should also provide equity for any financial problems that their banks face
@984DQWD1yr1Y
I don't have an answer.
@97LS3991yr1Y
As long as the bonus is being paid out of private funds then it shouldn't be capped. This additional income can then be taxed as additional income as any other income would be
@97K667M1yr1Y
No but they must declare bonuses.
@97K667M1yr1Y
Yes and bring back 1970s Bank Regulation system
@979XN3F1yr1Y
No, but bankers should provide equity to their banks for any financial problems that they face
@978XQR21yr1Y
Bankers should not get a bonus!
No, a workers bonus should be based on their productivity and never capped but society should stop rewarding unproductive workers that damage the economy such as bankers
@96X5V8M1yr1Y
No, but bonuses should be declared and taxed
@96NFZK32yrs2Y
Bankers are already well paid, in the current economic crisis, no bonus should be paid.
@96JK6WS2yrs2Y
No, but banks should be forced to give said bonuses to ALL of their employees, from the janitors to the CEO.
@96HCHHX2yrs2Y
No, but banks should receive equity from any financial problems that they face
@davidjwbailey2yrs2Y
Bankers should not charge fees based on "% of other people's money" - they should only be allowed to charge like solicitors and accountants for hours at published rates
@96BBM9N2yrs2Y
The government shouldn't have the power to cap pay.
No, but they should not be bailed out when they make a loss
@966NDGWConservative2yrs2Y
Yes, Banker's bonuses should have a price cap determined by the bank in question. Ranges may be determined up to a maximum of 120%, however they must do so before a specified date set by Parliament. Failure to do so will result in a cap of 50%
@95YZDV42yrs2Y
You’re paid for a job. Do the job earn the money.
@95VYTZT2yrs2Y
break up larger banking corporations, ban all bonus payments related to pay
No, but bankers should also pay into any financial problems faced by their banks
@theoldman662yrs2Y
No but tax them to the hilt
@92HY4N32yrs2Y
No, but the government should ensure that they are taxed appropriately
@92GGXZY2yrs2Y
Bonus should be capped at annual wage of the lowest paid employee in the company
@92CCW6P2yrs2Y
get rid of bankers bonuses
@92BV8KK2yrs2Y
Bankers bonuses should sit at -100% Thats around a %1000 markup for absolute scum bankers.
If it is a private company then we should have no input on how it's run but if it's nationalised then yes it should be capped
@927ZDP42yrs2Y
No, but a balance should be found to ensure growth while lowering the risk of a financial crisis
@924YX9Y2yrs2Y
Bonuses should be abolished as its always the people in power that get them and not the people that do the work
@923M4RT2yrs2Y
No, but the method by which the bonus is decided should be reformed by permitting the labour force to determine it based on genuine performance.
@8ZS9S5S2yrs2Y
No, but institute clawbacks
@8ZP2RX22yrs2Y
Bonuses should be company wide and all get the same %
No, they should be highly taxed instead
@8YYKQZJ2yrs2Y
No but there should be a separate banding for tax, increasing at higher levels and rates
@8YVLB362yrs2Y
Regulate the banks like postwar regulation before 1979
@8YL9BMN2yrs2Y
No, but maybe 50% should be directed to local community causes or other societally beneficial efforts.
@8YGGHN72yrs2Y
Yes, and lower the cap and nationalise the banks.
@8YG8B432yrs2Y
@8YFDTL72yrs2Y
No bonus unless it’s earned and capped at 5%
@8Y4H4B72yrs2Y
Eliminate bankers bonuses and nationalise all banks
@8Y2HFCK2yrs2Y
No, but tax 50% of their bonus amount.
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