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William Warren
China Observer
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Comments by "William Warren" (@wbwarren57) on "Beijing Crisis! Banks Out of Money, Massive Employees’ Salaries Forcibly Retrieved" video.
Performance compensation reclamation is madness! First, the amounts were claimed are very small compared to what the bank revenue actually is, but they are huge compared to the salaries of the people who are being robbed like this. Second, China needs people to have money to spend so that their economy will stop deflation. Third, reclaiming salaries from employees is a great way to lose the trust of the employees, and to make them less honest, not more honest. The only people that I can see who are benefiting from this reclamation are the corrupt Chinese officials who run the banks or administer the banks. Reclaiming this relatively poultry sums from many different employees only serves to create a huge slush fund that can be used to enrich the highest officials in the bank or the CCP officials who administer the bank or regulate the bank. Once again, the CCP and corrupt Chinese businessman have created a policy that will actually destroy the economy more effectively than anything else. This policy is as wise as the one child policy that the CCP implemented that wrecked Chinese demographics for decades upon decades to come.
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