The title says it all. One mans bonus (Goldman Sachs) can help an entire country. Its sickening. 100 million sounds like a lot to some people (most people), but to some, their annual "bonus" is just that, a bonus. What in the world does one person do to "earn" a bonus that big? It's because the banks are indeed, corrupt. This is why the middle class is going to disappear. We're going to end up like a 3rd world country, either filthy rich or dead broke. It might take a hundred years, but if we don't change something, it will happen, no more middle class.
How about a salary cap? Say only 10 million per year? Oh my, what will happen to those bankers? Can they scrape by on 10 million? I'm afraid they might go hungry........Do these bankers not have a conscious? Do they really think they are "worth" it?
"Ok how about we salary cap all those professional sports stars? After all they make MILLIONS a year. If 100k is obscene then I can just imagine what you think of the MILLIONS a year."
I'm not sure if you would call this a "cap", but here's an example from my sport, motorcycle racing. We have a huuuuuuuge salary range in our sport right now. Some make 800,000 per year that only race once! Then we get guys who race all season long, 16 races, risking their lives for around 60,000 per year. What has happened a few times in the past is that these title sponsors for the riders lose huge money and disappear. What some managers and agents have brought up is to set a cap at 100,000 per rider, then put the rest of the money into the purse money. You have to understand that currently to win a MAJOR race gets you around $10,000. No kidding. With the cap in place, a rider could win $80,000 per event, all the way down to $10,000 for last place. But you would have to race to earn it. Our problem right now is that riders aren't racing to earn it, they sign a contract, get hurt, sit out the season, and EVERYONE suffers. From the fans to the sponsors, and from the manufactures to the riders. And basically the sport in general.
The only ones that protest this are the guys at the top making the big bucks and thier agents. Kinda sounds like whats going on with our banking industry, only replace the riders with bankers, and agents with the government.