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https://warpcast.com/~/channel/politics
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Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
There are ways to justify this (decreasing marginal tax rates are consistent with optimal tax theory, as you get the incentive effect without the reduction in revenue on the hours that people would work anyway), but in general I'm kinda worried about tax policy being driven by memetics. Becomes a complexity nightmare.
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Kiraa♡
@fwkiraa.eth
why are you worried? would you prefer he didn’t end all taxes on overtime pay?
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22
@themuyideen.eth
What do you mean by “memetic” in this context
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Dean Pierce 👨‍💻🌎🌍 pfp
Dean Pierce 👨‍💻🌎🌍
@deanpierce.eth
Seems like largely a bribe for police officers who often make a majority of their income from overtime pay, which of course comes from everyone else's tax dollars. Most other workers in the US are either (improperly) excepted from OT or illegally denied it by their employer. Just another example of building up the base for his fantasy authoritarian dictatorship 🤷
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Kieran Daniels
@kdaniels.eth
I think his idea is that wealthy people are absolutely never working overtime. That’s only a shift workers concept. So this is a way to help people who need it more. But ya you have a valid point.
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Rob Solomon
@robmsolomon
Likely would be the end of salaried workers who work 50+ hours a week. They’ll switch to hourly and time tracking will become a nightmare if they’re remote
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typeof.eth 🔵 pfp
typeof.eth 🔵
@typeof.eth
I could get behind the idea of the government essentially subsidizing overtime pay, but this seems like it would be an accounting nightmare. Honestly doesn’t seem like a bad idea but I’d be very sus about the execution.
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Greg Lang
@designheretic
We’d be far better off with a tax system that doesn’t require mass financial surveillance to effectively combat tax evasion This is why a transaction tax (that exempts goods that take up most of the budgets of the bottom 50% of earners) is—to me at least—preferable
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Dr B lizardo pfp
Dr B lizardo
@bluelizardo.eth
you really think all that talk is gonna turn into action? If it were that simple, people wouldn’t be so torn on picking the better option
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Kyle B pfp
Kyle B
@kyb
inb4 ceo’s give themselves minimum wage pay + $100m in overtime
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baeshy pfp
baeshy
@baeshy.eth
It’s too good to be true, just another political facade to attract votes
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MM pfp
MM
@listen2mm.eth
It’s not just memetics, it’s an empty promise and/or a policy that is theoretically good for the working class but will be abused by the upper class in practice
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MattwithouttheT 🎩 pfp
MattwithouttheT 🎩
@mathew.eth
Sadly, a lot of politicians’ policies these days are driven by memetics. They’ll say wha they think is going to get them votes.
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helladj pfp
helladj
@helladj
@dwr.eth STOP SHOWING ME THIS POST I see it EVERYDAY
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DistractionBoy.eth
@distractionboy
Isn’t it nice when they have a policy to criticize
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FIO Protocol
@joinfio
That's a valid concern.
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Tim
@cryptim.eth
What do you know about the average American? If you don’t know their struggle I would stay out of American politics
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Const | Web3contrail 💙💛 pfp
Const | Web3contrail 💙💛
@web3contrail
If someone is doing overtime it means someone else mismanaged something up the stream. Solve the root of the problem.
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Sean Wince 🎩 pfp
Sean Wince 🎩
@seanwince
Overtime actually isn't that common because companies usually have more incentive to prevent employees from ever breaching 40 hours/week. That's why so many in this economy are working two or more jobs, like 35 hours at one place and 25 at another, when they would almost certainly prefer to work 60 at one of them. Or they are working over 40 in practical terms but are not clocked in or the employer uses some loophole to avoid overtime pay. https://www.nber.org/papers/w30826
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tudor
@tudor
Can t wait to see the eth film
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