Comment No disincentive for failure? (Score 1) 548
The problem with the bonus system, Taleb explains, is that it provides an incentive to take risks: 'The asymmetric nature of the bonus (an incentive for success without a corresponding disincentive for failure) causes hidden risks to accumulate in the financial system and become a catalyst for disaster.
There's always a disincentive for failure. It's called losing your job, and having your business fail. But, wait, that's right, by creating the bailout, government got rid of the disincentive for failure, so now you tell me they have to get rid of the incentive for success as well. Idiots.
Let the government stick to punishing real crimes, like fraud and assault, and let failure be its own punishment.
Quit messing with my incentive for success, I'm trying to feed my family here. The bank I work for is already under a pay freeze, I count my lucky stars that I escaped the layoffs, I don't need any more "helpful ideas" from people who hate the industry I work for.