Well, just the fact that it’s 100% transparent is a step forward compared to the stock exchange as it is at the moment and otherwise your comment also applies to the stock exchange as it is working now…
Which happens because of the open nature of some of the crypto networks, nothing says their solution would have been an open one (probably not in fact since the stock exchange doesn’t let just anyone list their company).
But otherwise there’s plenty of scams and pumps and dumps on the stick exchange even with the safety measures in place at the moment…
It would probably have been a centralized system though so much easier to control it.
A bit like USDT that is controlled by a company that has frozen assets on certain accounts in the past and replaced those frozen assets with new ones. They have control over the contract so they can just prevent certain wallets from interacting with it, making the coins useless as they’re stuck in the wallet (need to interact with the contract in order to move coins around).
You can get your background check and get in financial trouble after the fact and you can also get the job and realize that you’re underpaid for your level of responsibility… But it might have been greed plain and simple.
You just have to start thinking before typing, you’re the one who couldn’t answer the question and when you finally did you put your foot in your mouth, that’s not my fault 🤷
No matter what you’re guaranteed pay is, if your get more earnings added to that you pay taxes on it like anyone else, if you’re not happy with the total you get then look for another job, when employers are unable to find labour they’ll have to increase the basic salary.
Hell, by your logic car salesmen should only pay taxes on their guaranteed salary, right? What they get from selling a car isn’t guaranteed so why should they pay taxes on that?
I think you very much underestimate what tipped workers make in general compared to salaried jobs requiring the same level of qualification.
Anyway, I thought you were in favor of people not paying taxes on tips… Gotta make up your mind there buddy, you should be happy they’re sticking it to the man and refusing to pay taxes on what is rightfully their money, right? You can’t decide that just because they make more tip than most then it doesn’t apply to them, same rules for everyone or no rules at all!
No, the tipped employees were the rich because they had the same earnings but paid about 10k less in taxes. In some departments the tipped employees were the ones who made the most money in the whole building, I’m talking 500$ a shift in tip, 5 shifts a week, taxed on whatever they felt like putting on their weekly report.
You’re mixing issues there, this is exactly what eliminating taxes on certain forms of income would lead to, fights between people of the lower classes, I can tell you from experience because at my previous job we were in this exact situation, salaried employees knew that tipped employees didn’t pay taxes on everything they got and would work against them when negotiating to renew their collective agreement instead of joining hands and fighting against the employer.
The fact that rich people don’t pay their fair share is a separate issue entirely and even if then did it wouldn’t make it ok to eliminate taxes on certain work related forms of incomes instead of adjusting tax brackets.
Doesn’t make any sense, income is income is income, if it’s a remuneration you get for work you accomplish your should pay taxes on it. You’ve got waiters making 100k a year (before you say that doesn’t happen, I worked with a bunch of them) that would pay taxes on 15k and the rest would be tax free while you make 60k a year and pay taxes on everything?
Well, just the fact that it’s 100% transparent is a step forward compared to the stock exchange as it is at the moment and otherwise your comment also applies to the stock exchange as it is working now…