@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 631 People’s Party voters.

72%
Yes
28%
No
62%
Yes
22%
No
6%
Yes, and lower the cap to 20%
6%
No, any worker should be rewarded based on their success
4%
Yes, and lower the cap to 50%
1%
Yes, and nationalise the banks

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Other Popular Answers

Unique answers from People’s Party 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…2mos2MO

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…7mos7MO

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…7hrs7H

Texas Offers Trump 1,400 Acres for His Mass Deportation Dream

Officials in Texas have offered President-elect Trump a 1,400-acre ranch for his mass deportation plan.Dawn Buckingham, land commissioner of the Texas General Land Office, said in a letter to Trump Tuesday that her office was “fully prepared” to work with federal agencies that are going to be involved in Trump’s immigration plan, and specifically deportation.Buckingham offered Trump a 1,402-acre lot in Starr County. The lot is owned by the Texas General Land Office and is roughly 35 miles west of McAllen, Texas.She said the agency is ready to work with the Department of Homeland Security and Immigration and Customs Enforcement (ICE) or the U.S. Border Patrol to build a facility on the land for “the processing, detention, and coordination of the largest deportation of violent criminals in the nation’s history.”“I am committed to using every available means at my disposal to gain complete operational security of our border,” Buckingham wrote.The letter and offering of land were first reported by The Texas Tribune. Last month, the state bought the land along the U.S.-Mexico border and has plans to build a wall.In the letter, Buckingham criticized her predecessor for not allowing a border wall to be built on the property. Those actions “enabled cartel members and violent criminals to sexually abuse migrant women and children on this land,” she said.On Monday, Trump signaled he would declare an immigration national emergency and use military assets to support his mass deportation plan when he returns to office.

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