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> The problem is, this all quickly adds up to a lot of money That's also a lot on my mind. The issue here is transaction fees and taxes. People keep calling it
by ggeorgovassilis 3y ago
> The problem is, this all quickly adds up to a lot of money
That's also a lot on my mind. The issue here is transaction fees and taxes. People keep calling it "donations", but essentially they are income for the artists and should be taxed as such. Commercial platforms and payment providers get a way-too-big cut from donations, imho, so I think the only way to make this somehow commercially viable is if artists unite under some low-profit organisation which keeps a low part of the donations just to keep lights on and redistributes the rest to their members. Bank transfers in the EU are cheap, but recipients often don't want to publish their bank account numbers, so there's an extra "privacy" tax.
- iamflimflam1 3y agoDefinitely - things like open banking should make transferring money incredibly cheap. If this could be done, it should be done as a proper non-startup business so that there's not drive to have an exit. The goal would be to just create a sustainable business that can pay employees a decent salary and work for the creators. Probably completely unrealistic.
- ggeorgovassilis 3y agoWhenever I take a taxi cab, I ask drivers about their attitude towards ride hailing apps. They seem to like them, but complain about the large cut they keep. When I suggest that drivers should form a collective and hire a few developers to build them their own solution that would operate on a break-even basis, they always insist that that's impossible to organise.