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.
66% Yes |
34% No |
53% Yes |
25% No |
6% Yes, and lower the cap to 20% |
9% No, any worker should be rewarded based on their success |
4% Yes, and lower the cap to 50% |
|
3% Yes, and nationalise the banks |
See how support for each position on “Bonus Cap” has changed over time for 22k Canada voters.
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See how importance of “Bonus Cap” has changed over time for 22k Canada voters.
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Unique answers from Canada users whose views extended beyond the provided choices.
@9GPTJ2D6mos6MO
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.
@9LJGNWT 6 days6D
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.
@9FLZ4Q87mos7MO
dont let them make money
@9FCZK2L7mos7MO
Yes, and nationalise the banks with the goal of abolishing banks
@9F7C49Q7mos7MO
Yes, but we should also nationalize the banks and the financial system.
@9F2XS9M7mos7MO
I believe bankers should not be given such hefty bonuses because banks as a whole would still function well without a doubt even with a "higher effort" employee. Large bonuses such as this should be given to physical labor workers, healthcare workers, teachers so on and so forth. The people who deserve bonuses in the work force do not receive them which is extre3nely corrupt in my opinion.
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@ISIDEWITH1yr1Y
Countries that have mandatory retirements for politicians include Argentina (age 75), Brazil (75 for judges and prosecutors), Mexico (70 for judges and prosecutors) and Singapore (75 for members of parliament.)
