@ISIDEWITHQuestionseconomyStarted 10yrs agoActive 2mos ago

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

In 2014, the EU passed legislation that capped bankers' bonuses at 100% of their pay or 200% with shareholder approval. There are currently no caps on banker's pay in Canada. 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 bankers' pay will push up non-bonus pay and cause bank's costs to rise.

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Answer Overview

Response rates from 411 Democratic Socialism voters.

87%
Yes
13%
No
66%
Yes
8%
No
10%
Yes, and lower the cap to 20%
5%
No, any worker should be rewarded based on their success
6%
Yes, and nationalise the banks
4%
Yes, and lower the cap to 50%

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Trend of support over time for each answer from 411 Democratic Socialism voters.

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Trend of how important this issue is for 411 Democratic Socialism voters.

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Other Popular Answers

Unique answers from Democratic Socialism voters whose views went beyond the provided options.

 @9GPTJ2Dfrom British Columbia  answered…1yr1Y

No, individuals who do not wish to contribute to private banking profits may choose to manage their finances through a co-operative institution of their choice.

 @9TYSP55from Ontario  answered…2mos2MO

No one should make 60% more than their lowest paid employee stop saying the guy in the states makea this, no look at it like do you honestly belive you deserve that much more than your lowest paid employee are you that much better of a human being

 @9TDFCDQfrom Ontario  answered…3mos3MO

should be based or the wage of the lowest employ wage, and depending on how many employees they have.

 @9RDCYWPfrom Ontario  answered…4mos4MO

The CEO should get as much of a bonus as negotiated, as long as their is a mandatory percentage equivalent bonus to all non executive workers.

 @9LJGNWT from British Columbia  answered…8mos8MO

No, but allow unlimited regional banks to form and get rid of CDIC and CMHC. Bank depositors must realize that banks borrow their deposits and often make risky investments. Get rid of all methods of protecting these "sacred cows." Their protection is one of the reasons that Canada is plagued with supply side management marketing boards and why MILLIONS of gallons of milk are dumped every year.

 @9FLZ4Q8from Alberta  answered…1yr1Y

dont let them make money

 @9FCZK2Lfrom Nova Scotia  answered…1yr1Y

Yes, and nationalise the banks with the goal of abolishing banks

 @9F7C49Qfrom Georgia  answered…1yr1Y

Yes, but we should also nationalize the banks and the financial system.

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 @ISIDEWITH submitted…1wk1W

Kamala Harris is considering running for president again in 2028

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 @ISIDEWITH submitted…21hrs21H

Mexican Shuts Down 2 Migrant Caravans After Trump Threat

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 @ISIDEWITH submitted…1wk1W

Israeli prime minister approves Lebanon ceasefire deal

Israeli Prime Minister Benjamin Netanyahu approved the emerging ceasefire deal with Hezbollah “in principle” during a security consultation with Israeli officials Sunday night, a source familiar with the matter said.Israel still has reservations over some details of the agreement, which were expected to be transmitted to the Lebanese government on Monday, the source said.Those and other details are still being negotiated and multiple sources stressed that the agreement will not be final until all issues are resolved.A ceasefire agreement will also need to be approved by the Israeli cabinet, which has not yet occurred.Sources familiar with the negotiations said talks appear to be moving positively toward an agreement, but acknowledged that as Israel and Hezbollah continue to trade fire, one misstep could upend the talks.United States envoy Amos Hochstein said in Beirut last week that a ceasefire deal between Israel and Lebanon was “within our grasp,” but that it was ultimately “the decision of the parties.”He met Lebanese Prime Minister Najib Mikati and parliament speaker Nabih Berri, the interlocutor with Hezbollah in the talks and said there had been “constructive” and “very good discussions to narrow the gaps.”“We have a real opportunity to bring conflict to an end,” he added last week. “The window is now.” He departed Lebanon for Israel on Wednesday to try to bring the negotiations “to a close.”The US-backed proposal aims to achieve a 60-day cessation of hostilities that some hope could form the basis of a lasting ceasefire.On Sunday, CNN analyst and Axios reporter Barak Ravid cited a source as saying Hochstein had told the Israeli ambassador to Washington on Saturday that if Israel did not respond positively in the coming days to the ceasefire proposal, he would withdraw from the mediation efforts.Hochstein’s trip to the region followed Beirut responding “positively” to a US-backed proposal to stop the war, Mikati said last week, adding that large parts of the draft agreement were resolved.

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