@ISIDEWITHQuestionseconomy10yrs 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. 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 1.3k United Left voters.

84%
Yes
16%
No
58%
Yes
11%
No
13%
Yes, and nationalise the banks
5%
No, any worker should be rewarded based on their success
8%
Yes, and lower the cap to 20%
5%
Yes, and lower the cap to 50%

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Other Popular Answers

Unique answers from United Left voters whose views went beyond the provided options.

 @9BYFGNXfrom Georgia  answered…2yrs2Y

No, but nationalize the banks.

 @9DMZZYNfrom Georgia  answered…1yr1Y

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