11 ms·
I wonder how the startup scene will adjust to this if it becomes mainstream. can employee contracts be modified to force compensation even in this case? seems d
by websiteapi 9mo ago
I wonder how the startup scene will adjust to this if it becomes mainstream. can employee contracts be modified to force compensation even in this case? seems difficult to write one up without weird second order effects.
if this does end up being something that is legal and successfully circumvents anti trust, does it mean antitrust actually is a failure in practice?
2026 hasn't even begun and more shenanigans are in flight.
- tonyhart7 9mo agoif we use your logic then every law written would be failure since at some point people would discover loophole/flaw that would get abused the fix is we use more ambiguous words or just stronger government control see how China "control" capitalist on this case if you want absolute government control
- websiteapi 9mo agoisn't it true though that laws that have frequently abused loopholes that effectively go against the spirit of the law are indeed failures? isn't that the entire purpose of having lawmakers who are constantly evaluating such things?
- tonyhart7 9mo agoYeah that is the point of having law maker my point is making a law that a "future proof" is impossible, since guess what???? Human just cant account for every possible future scenario
- makeitdouble 9mo agoYou could see it as a failure to enforce the spirit of the law. Judges have the power to make it right and refuse the loopholes.
- altairprime 9mo agoRegulations shouldn’t have to change with every new fintech innovation, and the IRS already has the necessary laws in place to catch and prosecute abuse of unpredicted loophole technicalities as tax fraud with intent. We’re better off applying a general tax to “gross revenue not paid as wages” and directing it to a universal basic income fund. The purchase price is gross revenue, and the less they pay out as employee wages, the more the (not subject to deductions) tax charge becomes. Sure, they might still fuck over workers, but at least the workers could afford to quit (thanks, UBI) — and VCs would face the choice of taking half the payment and fucking over workers, or taking the same size payment while not fucking over workers. They may be selfish, but they’re not so self-destructive as to choose the former out of spite: it would utterly destroy their ability to hire brilliance in the future, especially once people can afford to say no.
- lovich 9mo ago> Regulations shouldn’t have to change with every new fintech innovation… Hard disagree given that a lot of fintech innovation is increasingly devious ways to circumvent the spirit and the letter of the law > … and VCs would face the choice of taking half the payment and fucking over workers, or taking the same size payment while not fucking over workers. They may be selfish, but there not so self-destructive as to choose the former out of spite Also hard disagree. The VC and investor people I’ve met and work with seemed to have a cultural aversion to labor being anywhere near the same level of compensation or power as them. I would fully expect them to take a deal that fucked over the employees if they got paid the same either way. You’d have to tune your suggested system so that not fucking over the employees was heavily incentivized
- altairprime 9mo agoWorks for me! I do tend to be more optimistic than most. I would scale it so that the tax scale is applied with an exponential factor that concentrates the impact on high-revenue businesses while protecting low-revenue ones. (And I suppose as a bonus it would provide a financial counter-incentive against merged conglomerates, too.)
- 9mo ago
- colechristensen 9mo agoThis won't last. It's just creative regulatory evasion and the loopholes will get closed.
- newyankee 9mo agobut if it does, will it mean we are in the endgame. More and more value extraction by fewer and fewer people and entities under noble or complex reasoning.
- colechristensen 9mo agook? and?
- ethbr1 9mo agoAnd then capitalism crumbles because the delicate bargain between labor and capital it was predicated on has been destroyed.
- colechristensen 9mo agoAnd if my cat was an eldritch god in disguise life as we know it is in danger because I forgot to feed him this morning and surely he'll take revenge by destroying the universe. That's what y'all sound like.
- DivingForGold 9mo ago"creative regulatory evasion". Credit where credit due: "creative regulatory evasion" was first attributed to Professor Michael P. Fleming of the University of Cincinnati College of Law to describe the tactics employed by the small loan industry to circumvent early 20th-century usury law. Seems this would likely be one of the most salient terms the DOJ would use at trial.
- notTooFarGone 9mo agoBy which administration exactly?