Coinbase lays off around 1,100 employees

Re:Coinbase lays off around 1,100 employees by greycol on Tuesday June 14, 2022 @07:43PM (#31747426)

If you could push a button once an hour that gave $1,000 to you and $99,000 to the government you are saying you'd feel like you're being punished for pushing it?

Let's not pretend that billionares are working 1.44 million hours a week to earn 18000 times what the janitor earns working two jobs in an 80 hour week. The quality of a billionaires 'work' is different than 'real work' so what you feel intuitevely about work may not be a great touchstone for how billionaires should be taxed.

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Re:Coinbase lays off around 1,100 employees by kortilla on Tuesday June 14, 2022 @11:19PM (#31748758)

There is no button. That framing is dumb because it implies no risk and no alternative locations where capital can be applied with the same risk and lower taxation.

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Re:Coinbase lays off around 1,100 employees by selcuka on Tuesday June 14, 2022 @11:59PM (#31748973)

> alternative locations where capital can be applied with the same risk and lower taxation.

They are already doing that, so what would be the difference?

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Re:Coinbase lays off around 1,100 employees by vasco on Tuesday June 14, 2022 @10:55PM (#31748622)

Anyone can push a button, not everyone can create a billion dollar company.

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