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There’re always T-Bills…
by ericd 4y ago
There’re always T-Bills…
- danielmarkbruce 4y agoYour employees don't accept t-bills as payment. Your suppliers don't accept them either. To do business, you need money in a bank account. Not all your money, but a decent chunk of money needs to be there for day to day.
- ericd 4y agoSure, you need some, but many small businesses leave it all in a bank. It's easy to just set up recurring buys of 4 week t-bills that you can halt at any time, payroll is predictable, and suppliers are commonly on net 30-90.
- danielmarkbruce 4y agoYup, and you stop using a bank which is in trouble.
- astrange 4y agoEmployees will take risky stuff like equity as payment, but the IRS won't take it for their payroll taxes.
- danielmarkbruce 4y agoThe number of employees who take equity as a significant portion (>50%) of their comp rounds to zero.
- imtringued 4y agoI wouldn't want to get paid in equity if the IRS didn't accept it for tax payments either. If you accept 100% of your compensation in equity you are bankrupt because you can't pay your taxes. This is a chicken and egg situation.
- astrange 4y agoI take 10% of my salary in an equity IOU (ESPP) and I'd do more if they'd let me. But they only let execs into the deferred compensation plan.
- gorm 4y agoNot after hyperinflation