Interesting Stuff Payroll - The article is about how payroll systems have become the way they are and why it’s so hard to dislodge the big players in the industry, but it’s really more about government tax collection strategy. Before inflation, we had the income tax, where companies were deputized for tax collection with the idea that workers wouldn’t really notice or at least not protest too much because the money was taken out *before* they received it. It’s a really interesting read about how the bureaucratic state finds ways to rent-seek off of productive activity.
Bitcoin Tech Talk #388
Bitcoin Tech Talk #388
Bitcoin Tech Talk #388
Interesting Stuff Payroll - The article is about how payroll systems have become the way they are and why it’s so hard to dislodge the big players in the industry, but it’s really more about government tax collection strategy. Before inflation, we had the income tax, where companies were deputized for tax collection with the idea that workers wouldn’t really notice or at least not protest too much because the money was taken out *before* they received it. It’s a really interesting read about how the bureaucratic state finds ways to rent-seek off of productive activity.