@ISIDEWITHQuestionseconomy10yrs ago

Should bankers’ bonuses be capped at 100% of their pay?

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.

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Response rates from 1.5k Moderate Party voters.

38%
Yes
62%
No
33%
Yes
53%
No
3%
Yes, and lower the cap to 20%
9%
No, any worker should be rewarded based on their success
1%
Yes, and lower the cap to 50%
1%
Yes, and nationalise the banks

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Other Popular Answers

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 @8TDSW7Fanswered…3yrs3Y

No, their bonuses should be counted as a wage and taxed accordingly.

 @9B5PH8Yfrom New York  answered…2yrs2Y

No, but bankers should be required to provide equity for any financial problems faced by their banks

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