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by dangus 234 days ago
I think what you need to do if you hope to facilitate a discussion is get into the nitty gritty detail of exactly what events cause this capital flipping mechanism to happen. An individual getting a paycheck? A business making a profit (income minus expenses)? An asset appreciating and/or being liquidated? Who is paying and what events make them pay? What happens with part time work, self-employment, debt/loans, interest, rental income, depreciation, appreciation, etc.

For now, the more answers I get the hazier it is. I still don’t understand if this is payroll based.

I am skeptical at the idea this frees up the worker especially due to its “flat” nature, but I don’t really have enough information until you hash this out better.

The last thing I’ll point out is that federal taxes are NOT 50% as you describe, nowhere close.

1 comments

Thanks, I heading back to the lab and I’ll have a 30 second elevator speech ready! When you are dealing with people’s money then everything must be correct! Thanks for you input and I’ll start adjusting and ironing out the details!