@CryptoComics5 @THORmaximalist@Phildeez7 I used to agree with this point - and still believe that many people will get lazy, but it will also allow many to escape the rat race and unlock their full potential. UBI at a very low rate that incentivizes creation and entrepreneurship.
@noternexto@UmangMVarma@compound248 It's the relationship business. i.e. a portco of a VC can more easily establish a treasury management/debt facility relationship with the bank by one of the VCs just making a phone call to open some doors.
@ryan_smith_40@oldcracker3 @cryptodumbkopf @MartovsRegrets @davidbelle_ @PhilRaynolds Employer pays half of it - employee pays the other half. It's all rolled into the FICA 7.65% which the employee pays, and the other half (an additional 7.65% is paid by your employer). But you're right, it's a salary cost that don't go to the employee.
@UmangMVarma@compound248 "Silicon Valley Bank" just sounds so swanky, that my VC funds need to be deposited there.
Also, I'm assuming they're heavily connected to the VC industry and it's all a relationship based business.
@sweatystartup@MattLasky And Weller 12 to answer your question. You have any of the Colonel Four Grain hiding in there, I couldn't tell? Also magnificent.
@sweatystartup@MattLasky Amen. It's a requirement in our house, anytime a new bottle is brought in, especially a rare treat, to crack it open that night for a taste. Life is too short to wait for "special occassions."
@Leo_Glisic@JosephPitluck@jespow Np, Uncle Sam not going to let you double dip on his shakedown fees. Otherwise, you are correct. Deduct grandmas dentures as a cost to the business.