this post was submitted on 15 Mar 2024
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Could he not use the excess profits to pay the employees a massive bonus for the success that they created?
Windfalls like this cannot be taking lightly and need to be approached strategically. It depends heavily on tax laws and employee finances overall.
Some common got rich quick concerns off the top of my head: Could accidentally knock people into a higher tax bracket and ruin their finances long term for short term gain. Could accidentally give someone collateral to take out a massive loan they cannot afford long term. Could make someone in a low income area a target before they have a chance to move out. Could accidentally get double taxed by doing the payout incorrectly because they're not practiced with handling this much money. Could overinvest it all back into the company and burn too brightly negating all their success. Doing nothing and simply using it as cash reserves is better than making a foolish mistake and ruining it for themselves.
These are all ludicrous.
This makes zero sense. Read up on how tax brackets actually work. Hitting higher tax brackets doesn't mean your existing income is taxed at the higher rate. No "ruining."
Wtf is this paternalistic BS. They could buy drugs or guns too!! 😱
Nah. Pay people.
“Paying people more would be irresponsible of us. The poors would be burdened with the responsibility of having too much money! It would destroy them!”
It often does, seen it firsthand. Hell, I doubled my income and benefits from last job to current. Did not manage it well, wasn't prepared, fucked up my credit (though I always pay on time!), never learned about dealing with money.
Also, are you suggesting a Japanese company of software devs are "poors"?! Don't even know how to reply...
This whole thread cements my view that lemmings are a bunch of teens and 20-somethings that have little real-world experience and are angry at what their generation is waking up to. (And you SHOULD be angry. But FFS, take a deep breath, take a wider, longer view.)
Yes dear, everyone that disagrees with you is just an angry child. 🙄