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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♡ pfp
Kiraa♡
@fwkiraa.eth
why are you worried? would you prefer he didn’t end all taxes on overtime pay?
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@themuyideen.eth
What do you mean by “memetic” in this context
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Icetoad 🎩 🍕 🎶 🐈 💚 pfp
Icetoad 🎩 🍕 🎶 🐈 💚
@icetoad.eth
This, as well as not taxing tips, are horrible tax strategies that sound good to people that don't contemplate this stuff beyond surface level.
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rob.dimo pfp
rob.dimo
@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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Kieran Daniels 🎩 pfp
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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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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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 pfp
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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Kyle B pfp
Kyle B
@kyb
inb4 ceo’s give themselves minimum wage pay + $100m in overtime
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Timothy Scott pfp
Timothy Scott
@lreynolds
Tax policy should be based on sound economic principles, not popular ideas or trends
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kevin mfer 🎩 pfp
kevin mfer 🎩
@kevinmfer
full support big V 🤝
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Vincent Davinci pfp
Vincent Davinci
@avincenta
You're right—while there can be justifications for decreasing marginal tax rates, such as aligning with optimal tax theory by incentivizing additional work without reducing revenue from existing labor, the challenge comes when tax policy is shaped by memetics or oversimplified narratives. When policy becomes overly influenced by catchy ideas rather than sound economic reasoning, it can lead to unintended consequences and create complexity in the tax code that makes it harder to manage and enforce effectively. A balance is needed between incentivizing productivity and ensuring fairness and simplicity in tax policy to avoid a convoluted system driven by slogans rather than substance.
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Eren🎩 pfp
Eren🎩
@baeshy.eth
It’s too good to be true, just another political facade to attract votes
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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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Eric P. Rhodes pfp
Eric P. Rhodes
@epr
Hearing JD Vance saying they're "using Memes" to get people to see what's really happening was a full-circle moment for me. Everything is a meme, anyway.
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Verde🅰️Ⓜ️🎭🎀 pfp
Verde🅰️Ⓜ️🎭🎀
@verde
Ithink It risks oversimplification and adds unnecessary complexity to an already intricate system. Thoughtful, evidence-based approaches are needed to avoid this 💭, right ?
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MattwithouttheT 🎩 pfp
MattwithouttheT 🎩
@mathew
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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Wuaixin pfp
Wuaixin
@52xinxin
Really
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Ins pfp
Ins
@inss
Get
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