toldailytopic: Should government intervene to prevent bankers being paid large bonuse
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toldailytopic: Should government intervene to prevent bankers being paid large bonuse -
March 23rd, 2012, 09:20 AM
The TheologyOnline.com TOPIC OF THE DAY for March 23rd, 2012 09:17 AM
toldailytopic: Should government intervene to prevent bankers being paid large bonuses by their companies?
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March 23rd, 2012, 11:01 AM
No,
the free market system is self cleaning. It may at times to seem a little slow, but is in general more honest.
Government interventions just introduce the possibility of further corruptions and legalizing stupidity. Not that stupidity is illegal, but as Reagan said, the 9 most terrifying words in the English language, "I'm from the government and am here to help" that is the best I remember that saying of his.
If basketball players can "earn" $10 m a year for what? Playing basketball? They don't play by the rules. Neither basketball or legal ones. Is the NBA a monopoly?
How many times did S. O'Neal get away with free throw violation of stepping on the line?
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March 23rd, 2012, 02:07 PM
I think large bonuses for running corporations into the ground are a symptom of the decline of corporate governance. But just arbitrarily restricting bonuses doesn't seem like the right solution unless it's part of some larger systematic reform.
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March 23rd, 2012, 02:16 PM
Quote:
Originally Posted by rexlunae
I think large bonuses for running corporations into the ground are a symptom of the decline of corporate governance. But just arbitrarily restricting bonuses doesn't seem like the right solution unless it's part of some larger systematic reform.
Systematic reform as in becoming a communist country? According to a few threads right now, that's where we are headed.
The TheologyOnline.com TOPIC OF THE DAY for March 23rd, 2012 09:17 AM
toldailytopic: Should government intervene to prevent bankers being paid large bonuses by their companies?
No, this is like treating a symptom and not treating the disease. If regulation is what you yearn for than one needs to look at speculation of the market by the banks (oil, food, etc.) and the tampering with the market system for short term personal gain, therein lies one of the biggest problems with the banks. IMO.
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Kind of an irrelevant question isn't? Obama paid back all his donors with the "stimulus" package. He printed a trillion dollars, gave it away, and charged us with the bill.
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Kind of an irrelevant question isn't? Obama paid back all his donors with the "stimulus" package. He printed a trillion dollars, gave it away, and charged us with the bill.
and I still see cars with Obama stickers on them.
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Not that I approve of all the bonuses that go on. 
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