tag:blogger.com,1999:blog-3732919976442735382.post1802653395509564763..comments2023-10-08T10:24:24.396+01:00Comments on Stephen's Liberal Journal: Myopia of the Long-Sighted FoolStephen Glennhttp://www.blogger.com/profile/03027718551675624433noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3732919976442735382.post-26872446732280578282010-06-03T12:25:46.667+01:002010-06-03T12:25:46.667+01:00You're being pretty obtuse here, look; you'...You're being pretty obtuse here, look; you're right that it will hurt the banks recovery if they pay higher bonuses to make up for the tax on bonuses. Furthermore bonuses are discretionary pay so they're probably not essential. Given these facts why do you imagine banks would simply double the bonuses they're paying out to make up for the tax shortfall? They wouldn't; there's a massive incentive for them not to do so.Duncanhttp://www.blogger.com/profile/06533540721427232602noreply@blogger.com