this post was submitted on 15 Mar 2024
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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.
Imagine being so brainwashed by your Robber Baron overlords that you literally think: More money = less money. Sad.
It often works that way. Look at lottery winners and NFL players who end up broke as fuck overnight.
Anecdote: Knew a guy who scored a cool $1,000,000 off the VA for a testicular cancer misdiagnosis. Somehow blew every penny in 12-months, lost it all, ended up worse off. And promptly died.
This'll trip everyone up. Paying more does not lead to better outcomes. Y'all should love it. If you read between the lines, there's a lot of Linux culture in there. Explains much of what I've seen IRL.
https://www.youtube.com/watch?v=u6XAPnuFjJc&t=1s
"Lottery Winners and NFL Players" You mean it works that way often for the 1% of the 1%? Wtf are you even saying? Are you a bot or is chatGPT writing this for you? You don't think that paying more to the 80% of Americans that live PAYCHECK TO PAYCHECK is going to be a good thing for them? Do you really think that not fearing homelessness is actually gonna make them sadder? Lol.
I hope you're trolling and not really so sadly blind to the reality world you live in.