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 Australia. 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.
Statistics are shown for this demographic
Ideology
Response rates from 543 Socialist Alliance voters.
86% Yes |
14% No |
61% Yes |
10% No |
10% Yes, and lower the cap to 20% |
4% No, any worker should be rewarded based on their success |
10% Yes, and nationalise the banks |
|
4% Yes, and lower the cap to 50% |
Trend of support over time for each answer from 543 Socialist Alliance voters.
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Trend of how important this issue is for 543 Socialist Alliance voters.
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Unique answers from Socialist Alliance voters whose views went beyond the provided options.
@9WNJ2H25mos5MO
All worker's bonuses should be capped at 100% of their pay unless they are underpaid in their field and have to meet strict targets to receive their bonus
@B4BR4LH2 days2D
Nationalise the banks. Lower the cap to 37% and penalise anyone who subverts the laws by a severe enough cost that doing so is not worth the risk.
@B4BPF7T2 days2D
No. So long as there isn't any nefarious purpose or intent behind large bonuses, there should be no reason to restrict them in this regard.
@B32RT3F2mos2MO
No, this is a matter for businesses. What they give their employees in terms of pay is not our business to decide unless it is to the detriment to other employees as a whole.
@9ZNMKQB4mos4MO
No, worker should be rewarded based off of success, yet it should (ideally) be made sure that it is not excessive and happening at a large scale.
@9DNJPSJ2yrs2Y
Banks are private business`s and so we shouldn`t regulate how they pay people - we should however look at how they operate and make them far more accountable for the misery they inflict on people in the name of profits
@924QJLN3yrs3Y
No, and have the cap up to 90%
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