Comments on: UK bonus tax will do more harm than good http://blogs.reuters.com/breakingviews/2009/12/10/uk-bonus-tax-will-do-more-harm-than-good/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: MHB http://blogs.reuters.com/breakingviews/2009/12/10/uk-bonus-tax-will-do-more-harm-than-good/comment-page-1/#comment-1612 Fri, 15 Jan 2010 07:39:30 +0000 http://blogs.reuters.com/columns/?p=1775#comment-1612 Peter ,I think you are absolutely correct, if we are looking it things from a purely rational point of view
.However,this issue is seen from more of an emotional or “gut” level in the wider public.What has happened with the banks has really offended the public’s sense of fairness.It just does not sit well with people that tax dollars were used a year or so ago to help persons who are now collecting bonuses equal to more than the yearly income of many working stiffs.Then, to add insult to injury ,the public is told that this is a fair reward for the exceptional ‘talent’ of these persons.i.e. The self same persons who help get us in this mess in the first place!It does seem that someone somewhere is having a laugh at the expense of the general public.The bankers have displayed incredible insensitivity and a reckless short-sightedness as they have put the politicians in a quandry by their greed and selfishness.Witness Obama’s loss of support in the U.S. Aside from the misinformation surrounding the healthcare issue,it can be traced largely to the bank bailouts.The banking sector as a whole seems to have forgotten that we live in democratic societies and that the politicians must respond to public sentiment in order to survive. The bankers are their own worst enemies!

]]>
By: MHB http://blogs.reuters.com/breakingviews/2009/12/10/uk-bonus-tax-will-do-more-harm-than-good/comment-page-1/#comment-1610 Fri, 15 Jan 2010 07:23:40 +0000 http://blogs.reuters.com/columns/?p=1775#comment-1610 Peter ,I think you are absolutely correct, if we are lkooking it things from a purely rational point of view
.However,this issue is seen from more of an emotional or “gut” level in the wider public.What has happened with the banks has really offended the public’s sense of fairness.It just does not sit well with people that tax dollars were used a year or so ago to help persons who are now collecting bonuses equal to more than the yearly income of many working stiffs.then to add insult to injury the public is told that this is a fair reward for the exceptional ‘talent’ of these persons.It does seem that someone somewhere is having a laugh at the expense of the general public.The bankers have displayed incredible insensitivity and a reckless short-sighted as they have put the politicians in a quandry by their greed and selfishness.Witness Obama’s loss of support in the U.S. Aside from the misinformation surrounding the healthcare issue,it can be traced largely to the bank bailouts.The banking sector as a whole seems to have forgotten that we live in democratic societies and that the politicians have to and will respond to public sentiment.

]]>
By: scheng1 http://blogs.reuters.com/breakingviews/2009/12/10/uk-bonus-tax-will-do-more-harm-than-good/comment-page-1/#comment-1408 Fri, 11 Dec 2009 14:22:22 +0000 http://blogs.reuters.com/columns/?p=1775#comment-1408 The whole compensation scheme has to change, otherwise we will have another crisis a few years later.
It is much better for the government to help in benefits and compensation reform, rather than coming out with drastic measures that do more harm to the banking and finance sector.

]]>
By: JeffreyGold http://blogs.reuters.com/breakingviews/2009/12/10/uk-bonus-tax-will-do-more-harm-than-good/comment-page-1/#comment-1405 Thu, 10 Dec 2009 16:53:57 +0000 http://blogs.reuters.com/columns/?p=1775#comment-1405 If “UK bonus tax will do more harm than good,” did you, Mr. Larsen, write any articles on how the “creative accounting” and the “creative financial instruments of global destruction” leading to the recession would also do more harm than good? You were around during the run-up to this disaster, were you not? I just love it how people criticize the reaction, but not the actions that got us there. Maybe some people made too much money off the backs of others (stock market).

]]>