Saturday, January 16, 2010


Generally speaking bonuses for any personnel working at a company is a good thing. It can give further incentive to excel, and it is mostly based on company performance so it doesn’t hurt the future like too high salaries might. So the basic principle is a good one and should be acknowledged as such.

However, in our day and age bonuses have sometimes become a way for the elitists to enrich themselves and hand out lots of money to their pals and henchmen. Worst of all, to no surprise, are banks.

Our ‘modern’ banking system is built around the hoax of fractional banking and contains Ponzi-schemes undreamed of like how they (the central banks) sell the general public the notion of useless notes as currency. Our money is just paper they’ve printed numbers on, nothing else. All of these things make any super-villain look like an amateur and when the banks end up in trouble, the government comes to the rescue saving their greedy friends with money from the treasury, again making normal people pay for the scam.

Contrary to what lefties argue, this has nothing to do with capitalism, only a system wherein the rich and powerful can hide behind the law and take advantage of the political system makes this possible. And no true believer in capitalism would never want the current banking system, in fact the hardest critics of it are libertarians.

But there’s also another thing with bonuses; psychology. This especially is true when times are harsh, the economy is in a recession and companies are laying of people. If a corporation pays out bonuses or even increase them during harder times, people get angry, and rightfully so. This is still not really immoral or wrong, those who own the company can do whatever they like with it, but it is, however, highly stupid.

People may complain and feel sick over the apparent greed, and they sort of should, but it is still not wrong. Punish such companies by ignoring their products, don’t buy their stuff, and if you’re a member or their bank or whatnot, change. There’s not much else to do except bringing forth torches and pitch-forks, which you should be doing comes to our fraudulent banking system.

Not all bonuses are wrong though, keep that in mind. People should be rewarded for good work.

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