That’s some drawbridge level thinking right there. Are you not also part of the problem? Because they arrived after you… they’re the problem? People moved there for jobs, same as anyone else who moved there. (For what it’s worth I don’t live in Seattle)
It’s the bigger ones that tend to pay in stock. The googles, facebooks, Microsoft, and startups.
I’ve also been in software development for 20 years at various places in the country and I know a bunch of folks who get paid in stock.
I would argue that this law does tend to unfairly target the tech sector which often pays their people in stock. This is compared to other professions who may make an equivalent or higher salary but will not be subject to the 7 percent tax.
That doesn’t seem quite fair. If we’re going to do this, we should have a 7 percent tax across the board for anything over 250k (or whatever) instead of strictly targeting a particular sector
Just bottled soda for me!
Company currently uses IPv6! For awhile firewall rules kept biting us as we’d realize something worked in ipv4 but not IPv6 but now I forget it’s even a thing really.
I once paid for a vpc host that was exclusively IPv6 and was shocked how many things broke. I was using it for a discord bot and the discord api didn’t even properly support IPv6 …
Yeah I remember getting calls for my student loans asking me to consolidate my federally backed loans and claiming I was going to save a bunch of money. In reality they were lowering my monthly payment but at a higher rate and with a longer term, which would have caused me to spend a significant amount more in the long term . Bunch of scams that should have never been legal. Looking at the source, it looks like consolidated loans for folks who owe more than when they started are covered as part of the forgiveness. Hopefully that goes through someday.
The federally backed ones I remember having good to reasonable interest rates (looking at historicals they were pretty low most years) and being much lower than I could get anywhere else.
I’d love to see higher education being affordable for everyone. (If not free)
Isn’t that how all loans work though? It’s just that the lenders insist I pay enough to cover the interest and some principal, otherwise I’ll never pay it off. If I made a payment for a car loan and it wasn’t enough to cover the interest, my principal would never go down (in fact it’d go up if I didn’t cover the interest). I can actually get an interest only home loan (or at least you used to be able to) but I think those are insane. The difference with car and house loans is if you miss enough payments they’ll come take whatever collateral you have. School loans are a bit different in that there’s no collateral for them to collect
I’m not arguing that the situation isn’t fucked. It is. School is way too expensive for the value you get. People who haven’t been paying these loans for the last decade also probably owe way more than they originally took out and you can’t default on them… but the fact that they’re earning interest isn’t any different than any other loan.
The interest all together doesn’t stop accruing but I think the parent commenter was trying to say that the interest will no longer accrue for the portion you’ve paid off. (The same as any other loan) So, if you continue to make your payments, you’re not getting extra screwed because of these shenanigans. No more than you’ve already been screwed at least.
Or is there something unique about this that is preventing people from making payments?
Team America?!
What’s it like being a monster?
Yes! I also have the rice cooker. Probably the two most used kitchen gadgets I have!
Zojirushi bread makers are amazing
“Britain’s worst attack on children occurred in 1996, when 43-year-old Thomas Hamilton shot 16 kindergarten pupils and their teacher dead in a school gymnasium in Dunblane, Scotland. The U.K. subsequently banned the private ownership of almost all handguns.”
TIL
Woah! This guy does suck. But, why won’t your wife very reasonably tell him “no”? He’d throw a fit, but he’s asking an awful lot and giving nothing. You two will have to work more to support him… and that’s not fair. Is he going to be there for the next four years?! Does he pay some rent, utilities, and cover food? Does he have household responsibilities?
For all that is good, you need to convince your wife that this is a terrible idea.
According to levels.fyi, Microsoft grants about 50-100k (25 percent of their pay?) in stock for their senior engineers each year. Amazon is closer to 200k (which makes up about 50 percent of their pay)
I guess you’re right in that it won’t really affect them, assuming the tax event occurs when the rsu gets vested and not at the sale.
It’d be more likely to affect folks who are in a pre-ipo company, gain a bunch of stock, and then sell it post-ipo. I know several folks at AirBnB who this would have impacted and several at stripe who this probably will impact.