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Introducing: AnyTime Pay 💸 "Payroll is on the 30th - but give me what I've earned till today." This changes everything for 500M+ employees living paycheck-to-paycheck. Deel is at $1B+ ARR serving only 1.5M employees. AnyTime Pay is how we completely change the payroll industry and 10x our scale.... Imagine this: you're a retail employee at a Deel-powered company. You take your earned pay on the 10th for rent, again on the 20th for groceries, and again on the 30th. Once you experience that freedom, waiting 30 days to get paid anywhere else will feel ancient. 73% of employees say a one-week delay in their paycheck would cause major stress. That's because life is built around payday. So why hasn't anyone done this before? Because employers need to remit the correct taxes for each employee and mid-month payments would require instant tax calculations - which has been impossible. Here's how it works today: Companies send employee data to local payroll providers who manually calculate taxes based on hundreds of constantly changing laws (brackets, job type, country, gender, etc.). The provider calculates everything and sends it back. This entire process takes 10+ days. The bottleneck is that employers have to wait 10 days to know how much tax to remit for each employee, making mid-month payments impossible. It's such a huge problem that there's a $1T loan industry to help people cope with 30-day pay cycles. 40% interest credit cards, BNPL, payday loans - they exist because people can't access their own earned money. Deel is changing that. We're building global payroll infrastructure across 160 countries - our own rails that calculate taxes in real time. Gross-to-net happens instantly, taxes are computed in seconds, and employees can access their earned pay - anytime. This might sound boring. But to 500M+ employees living paycheck-to-paycheck, this is life-changing.show more

Alex Bouaziz

426,683 subscribers

233,666 views • 11 months ago •via X (Twitter)

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39 Comments

Ryan Hoover11 months ago

I assume many people in tech that aren't living month-to-month won't realize how appreciated this will be for many

Linus ✦ Ekenstam11 months ago

When I saw this earlier in the blog post, I was thinking back to a project we tried to make back in 2017. We tried to use real-time payment transfers. Where regardless if you had worked 1 hour or 2 days, you’d have instant payment into your account. we tried to target the same problem of payday loans and paycheck to paycheck issues. Now you guys workin on this, and increasing the possibility of payment cadence payments for employees is groundbreaking. we failed back in 2017, we did not have the scale nor the grit. I’m super excited about this release, onwards and upwards ✌🏼🙏🏼

Chris Lee11 months ago

Finally, a company that's building product that will do good in the world. Employees are going to demand their employer start using Deel for Payroll.

Patrick's AIBuzzNews11 months ago

This will change the payment process and pain for many.

Wen ⚡️11 months ago

I wish you guys didn’t start to charge so much to receive money in bank account 🥲 it was zero fee before willing to pay a fee but the new amounts are insane.

Alex Bouaziz11 months ago

Hey! There shouldn’t be any, unless you mean SWIFT, dm me happy to help

Wen ⚡️11 months ago

It is not swift. I will send you a dm

Tech with Mak11 months ago

Payroll has been one of the last “fixed” systems in a world where everything else moves in real time - messages, payments, logistics, even food delivery. Making salaries real-time might quietly become the biggest upgrade to how modern economies run. I would not call it jus a feature => it’s financial dignity for millions ♥️ @deel 💪

viet11 months ago

I wish I could think as quickly as Deel is launching products.

Nelly;11 months ago

ohh imagine being paid like uber.. but for your actual job

Brandon Spragg11 months ago

What’s the difference between Deel and @EvereePay ? Everee been doing this for YEARS

Alex Bouaziz11 months ago

@EvereePay Afaik they don’t do it at the payroll level - instant gross to net? But I don’t know of them tbh! Also, global!

Brandon Spragg11 months ago

@EvereePay Yeah Everee is a payroll solution that pays everee day :) @PloegerTyler has been talking on this since at least 2020 when I first started using them. Either way, congrats on the launch!

The SamurAI11 months ago

this is massive. turning earned pay into real-time access changes the game for workers everywhere. it’s wild how something that sounds so simple needed this level of global infrastructure to work. you know how long it did take to build the real-time tax calculation system behind this?

AI Frontliner11 months ago

This really changes everything for employees that always have to wait till end of the month to sort important bills. Absolutely love this!

Manthan Patel | Lead Gen Man11 months ago

Deel is proof that customer obsession > original vision. Most founders chase validation from investors; these guys chased feedback from users. That’s how you build a $1B+ business — by solving real pain, not pitching hypothetical dreams.

Atal11 months ago

Deel didn’t just predict the future of work; they built it.

Sumanth Krishna 🕵🏻11 months ago

I’ve always wanted to be part of a social good project, something that doesn’t just build tech, but builds impact. This is people good that truly helps the world grow. 🌍💙

Jack AM Austin11 months ago

Instant tax calculation is the real unlock here not just early pay

Saïd Aitmbarek11 months ago

sounds based!

Dipti Sharma11 months ago

Deel just solved a trillion-dollar problem for workers everywhere.

Alex Prompter11 months ago

Great job

Osoi Fidel11 months ago

AnyTime Pay is game-changing, but most teams miss the hidden friction: the minute an edge-case tax, integration bug, or employer hesitation scales, it silently caps adoption and could derail your 10x growth vision. DM me. I can show how to catch these before they hit.

Ryan Hart11 months ago

This is gonna pop.

Kiran Bharambe11 months ago

Deel moving to $1B plus ARR while focusing on 1.5M employees shows product market fit, and AnyTime Pay is the logical next step to reach 500M plus workers. This feature could redefine payroll expectations and force legacy providers to modernize how they handle taxes and real time payouts.

Aakash Verma11 months ago

Deel’s nearing $1B ARR with 1.5M employees—clear product–market fit. AnyTime Pay is the next step to reach 500M+ workers and redefine payroll.

Sheetal S11 months ago

this is gonna be revolutionary

Tech & AI Hub11 months ago

Great one

Francis Emefile. 🚀11 months ago

This is truly life-changing. ❤️❤️❤️

Edward Frank Morris 🦇11 months ago

I genuinely think that the modern workplace will have to change. Just because of deel. The days of old payment systems are long gone.

Kalsoom (ghotai )11 months ago

Finally someone fixing the real problem.

Md Riyazuddin11 months ago

Giving employees instant access to their earnings will truly redefine payroll and financial freedom. Brilliant move by Deel

Manish Kumar Shah11 months ago

Absolutely game-changing. Giving employees real-time access to their earnings is the kind of innovation that genuinely changes lives. 🔥

Brady Long11 months ago

Never been so excited about a payroll solution before

Hasan11 months ago

Imagine rent and groceries paid on your schedule, not the company’s. AnyTime Pay breaks payroll barriers for over 500M employees worldwide, powered by Deel’s cutting-edge real-time tax calculations. The payroll industry will never be the same.

Rez Karim11 months ago

This is next level. Will help so many remote workers take care of their bills at anytime!

Jefferson’s Ledger11 months ago

This literally solves 0 fundamental problems in life. So happy to see $300M invested into literal VC bullshit inflationary hype slop.

Vinay Bharambe11 months ago

This feels like a powerful intersection of empathy and engineering, solving human stress with instant tax calculations and payroll automation

Chidanand Tripathi11 months ago

This could really change how people manage their money. Truly game-changing.

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Tokyo

19,358 views • 4 months ago

California homeowner shows what Democrat let tenants do to their rentals “Tenants don't pay for six months at a time and then they can ttill trash your place” “What are the homeowners supposed to do? How are we supposed to give into this economy when people can do this and get away with it and not pay for months and trash homes? I would like to know answers from up there at the state capital. And if you guys could smell what this thing is like, I'm furious. This is ridiculous.” “I hope this video makes it to everyone that can see it, that can do something for homeowners, because this is ridiculous. We're supposed to pay high taxes. We're supposed to give back, work hard, get our education, buy homes, and for what? So people who don't have the dignity to pay their rent at least 6, 7 months and they still want me to give them 15 days to collect this, that is considered their items. Where is the just for the homeowners that I had to pay all the court and legal fees to be able to evict them to get my home back? Where is the reward for being a good citizen? Where am I supposed to get the money to do all of this? This is ridiculous. California ridiculous.”

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Wall Street Apes

141,052 views • 1 year ago

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Wall Street Apes

1,072,647 views • 2 years ago

Some millennials have been working for 20 years and are still confused by corporate 😂 For those who are still in the dark let me fill you in. Your performance doesn't matter. Your performance review doesn't matter. Your compensation has been set by a budget committee a year ago. You are not "overachieving" anything. Management has a fixed pool of money to pay the people they manage so they can give them raises less than inflation. If they give you more money, they have to give someone else less money. It's a zero-sum game. Managers actually have a larger pool of money to hire new employees because corporations recognize that new hires need to be incentivized to come over. They won't just leave their company for the same money. If you've been at the same company for 5 years you are underpaid. If you've been at the same company for 10 years you are paid less than a new hire at a competitor. Loyalty doesn't matter because there is no reason for a company to voluntarily pay you more money. Corporations already know that over 95% of employees will not go anywhere and will take whatever they get. Even if that's nothing. There's no reason to pay everybody more money when only a tiny percentage of workers will leave. Even if you leave... (remember over 95% of employees will not) ... the corporation will distribute the work you were doing among all your coworkers. And they will take on the extra work. And they will stay. For nothing. Because in addition to a salary, what an employee wants is to not have to look for a new job. That's all the want. They don't want to move anywhere. And companies know it, and they will take advantage of that. Now you know! You're welcome.

Some millennials have been working for 20 years and are still confused by corporate 😂 For those who are still in the dark let me fill you in. Your performance doesn't matter. Your performance review doesn't matter. Your compensation has been set by a budget committee a year ago. You are not "overachieving" anything. Management has a fixed pool of money to pay the people they manage so they can give them raises less than inflation. If they give you more money, they have to give someone else less money. It's a zero-sum game. Managers actually have a larger pool of money to hire new employees because corporations recognize that new hires need to be incentivized to come over. They won't just leave their company for the same money. If you've been at the same company for 5 years you are underpaid. If you've been at the same company for 10 years you are paid less than a new hire at a competitor. Loyalty doesn't matter because there is no reason for a company to voluntarily pay you more money. Corporations already know that over 95% of employees will not go anywhere and will take whatever they get. Even if that's nothing. There's no reason to pay everybody more money when only a tiny percentage of workers will leave. Even if you leave... (remember over 95% of employees will not) ... the corporation will distribute the work you were doing among all your coworkers. And they will take on the extra work. And they will stay. For nothing. Because in addition to a salary, what an employee wants is to not have to look for a new job. That's all the want. They don't want to move anywhere. And companies know it, and they will take advantage of that. Now you know! You're welcome.

Lazy Canadian Investor

66,816 views • 2 years ago

🚨 WARNING FOR ALL CALIFORNIA EMPLOYERS Your federal payroll taxes are going up — again — because Governor Newsom refuses to pay off California’s massive unemployment insurance debt. California is the only state in America that still hasn’t repaid its federal UI loan — now over $21 billion and growing. Instead of using record revenue to pay it down, Sacramento is forcing employers to shoulder the burden through automatic increases in federal unemployment taxes (FUTA). This means higher costs per employee every year the debt remains unpaid. We’re demanding the Governor allocate real resources to pay off this debt so businesses aren’t punished for Sacramento’s mismanagement. Thank you to Congressman Vince Fong for introducing the CAL Repayment Act to force California to do the responsible thing. In a record revenue year, they still claim they don’t have enough of your money. If they can’t pay this off now, they never will.

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David Tangipa

43,226 views • 4 months ago

Gov. Abigail Spanberger: The idea that you are paying more than a mortgage to have your children in quality childcare is an issue that impacts all of us. It is not sustainable and frankly it's not acceptable. What I'm signing today is a response to the reality that we face as a Commonwealth. We're creating the Employee Child Care Assistance Program, a new tool that incentivizes employers to help their employees pay for childcare with the state matching those contributions. This is one of the ways that we can make childcare more affordable without putting the entire burden on families or on the government alone.

Gov. Abigail Spanberger: The idea that you are paying more than a mortgage to have your children in quality childcare is an issue that impacts all of us. It is not sustainable and frankly it's not acceptable. What I'm signing today is a response to the reality that we face as a Commonwealth. We're creating the Employee Child Care Assistance Program, a new tool that incentivizes employers to help their employees pay for childcare with the state matching those contributions. This is one of the ways that we can make childcare more affordable without putting the entire burden on families or on the government alone.

Headquarters

45,880 views • 4 months ago

🚨BREAKING: MSNBC is being FORCED to admit that the American people are blaming the DEMOCRATS for the Schumer Shutdown. There is simply NO DENYING who's at fault. Reporter: "This is a very DRAMATIC call... saying 'It's time for our leaders to start focusing on how to solve problems for the American people rather than on who is going to get the blame for a shutdown that Americans dislike. Because when the folks who serve this country are standing in line for food banks after missing a second paycheck because of this shutdown, they are looking for, they aren't looking for partisan spin, they're looking for wages that they earned." We have ALWAYS been right on this. The Democrats KNOW that for this clean 24-page CR to pass through the Senate, it would need to overcome the filibuster. That requires DEMOCRAT votes. Zero other ways to square this.

🚨BREAKING: MSNBC is being FORCED to admit that the American people are blaming the DEMOCRATS for the Schumer Shutdown. There is simply NO DENYING who's at fault. Reporter: "This is a very DRAMATIC call... saying 'It's time for our leaders to start focusing on how to solve problems for the American people rather than on who is going to get the blame for a shutdown that Americans dislike. Because when the folks who serve this country are standing in line for food banks after missing a second paycheck because of this shutdown, they are looking for, they aren't looking for partisan spin, they're looking for wages that they earned." We have ALWAYS been right on this. The Democrats KNOW that for this clean 24-page CR to pass through the Senate, it would need to overcome the filibuster. That requires DEMOCRAT votes. Zero other ways to square this.

Gunther Eagleman™

415,744 views • 11 months ago

.david friedberg says "California is functionally bankrupt": "People don't realize how screwed California is. I worry that if California falls, so does the union." "We're $250 billion to $1 trillion short." "If it was the federal government, they would just print more money. California doesn't have the ability to print money, so California has to pay this out, and you can't restructure retirement benefits." "There's a Supreme Court case in California that said once an employee has been offered retirement benefits, even if they're currently an employee, you can never restructure their retirement benefits. It has to stay forever." "And the state cannot declare bankruptcy. There's no way for the state to functionally declare bankruptcy. There's no law to allow it." "No state has ever declared bankruptcy, and the the retirement benefits sit senior to the bonds in California. So you have to pay out the retirement benefits before you pay out all the bond holders that have loaned California the money that they use to run all their programs and services." " This isn't about taxes and Billionaire Tax Act. I don't think you can tax your way out of this problem. People will just leave the state." "California's functional bankruptcy is a major risk to the country and we need to figure out what we can change to fix it." At the The Hill & Valley Forum 2026

.david friedberg says "California is functionally bankrupt": "People don't realize how screwed California is. I worry that if California falls, so does the union." "We're $250 billion to $1 trillion short." "If it was the federal government, they would just print more money. California doesn't have the ability to print money, so California has to pay this out, and you can't restructure retirement benefits." "There's a Supreme Court case in California that said once an employee has been offered retirement benefits, even if they're currently an employee, you can never restructure their retirement benefits. It has to stay forever." "And the state cannot declare bankruptcy. There's no way for the state to functionally declare bankruptcy. There's no law to allow it." "No state has ever declared bankruptcy, and the the retirement benefits sit senior to the bonds in California. So you have to pay out the retirement benefits before you pay out all the bond holders that have loaned California the money that they use to run all their programs and services." " This isn't about taxes and Billionaire Tax Act. I don't think you can tax your way out of this problem. People will just leave the state." "California's functional bankruptcy is a major risk to the country and we need to figure out what we can change to fix it." At the The Hill & Valley Forum 2026

sourcery

295,643 views • 5 months ago

Chris O’Shea (Centrica's CEO) "My pay last year was £4.5 million" Charlie Stayt, "You know there are people watching this struggling to pay their bills, maybe you company, what goes on in your head?" Chris O’Shea, "I don't set my own pay.. I thought it was right we put a lot of our profit into supporting our customers.. But you can't justify a salary of that size" Charlie Stayt, "Can you say that again?" Chris O’Shea, "You can't. It's a huge amount of money for anyone looking at this" Charlie Stayt, "If you say you can't justify it, why take it?" Chris O’Shea, "Average wage in UK is £30,000. All of us on the sofa will be earning substantially more than £30,000. It's not for me to set my own pay. It's not for you to set your own pay. When you've got people struggling to make payments, and I look at my mum who is on the basic state pension. It's impossible to justify. So there's no point in my trying to do that"

Chris O’Shea (Centrica's CEO) "My pay last year was £4.5 million" Charlie Stayt, "You know there are people watching this struggling to pay their bills, maybe you company, what goes on in your head?" Chris O’Shea, "I don't set my own pay.. I thought it was right we put a lot of our profit into supporting our customers.. But you can't justify a salary of that size" Charlie Stayt, "Can you say that again?" Chris O’Shea, "You can't. It's a huge amount of money for anyone looking at this" Charlie Stayt, "If you say you can't justify it, why take it?" Chris O’Shea, "Average wage in UK is £30,000. All of us on the sofa will be earning substantially more than £30,000. It's not for me to set my own pay. It's not for you to set your own pay. When you've got people struggling to make payments, and I look at my mum who is on the basic state pension. It's impossible to justify. So there's no point in my trying to do that"

Farrukh

565,757 views • 2 years ago

.david friedberg says "California is functionally bankrupt": "People don't realize how screwed California is. I worry that if California falls, so does the union." "We're $250 billion to $1 trillion short." "If it was the federal government, they would just print more money. California doesn't have the ability to print money, so California has to pay this out, and you can't restructure retirement benefits." "There's a Supreme Court case in California that said once an employee has been offered retirement benefits, even if they're currently an employee, you can never restructure their retirement benefits. It has to stay forever." "And the state cannot declare bankruptcy. There's no way for the state to functionally declare bankruptcy. There's no law to allow it." "No state has ever declared bankruptcy, and the the retirement benefits sit senior to the bonds in California. So you have to pay out the retirement benefits before you pay out all the bond holders that have loaned California the money that they use to run all their programs and services." " This isn't about taxes and Billionaire Tax Act. I don't think you can tax your way out of this problem. People will just leave the state." "California's functional bankruptcy is a major risk to the country and we need to figure out what we can change to fix it." At the The Hill & Valley Forum 2026

.david friedberg says "California is functionally bankrupt": "People don't realize how screwed California is. I worry that if California falls, so does the union." "We're $250 billion to $1 trillion short." "If it was the federal government, they would just print more money. California doesn't have the ability to print money, so California has to pay this out, and you can't restructure retirement benefits." "There's a Supreme Court case in California that said once an employee has been offered retirement benefits, even if they're currently an employee, you can never restructure their retirement benefits. It has to stay forever." "And the state cannot declare bankruptcy. There's no way for the state to functionally declare bankruptcy. There's no law to allow it." "No state has ever declared bankruptcy, and the the retirement benefits sit senior to the bonds in California. So you have to pay out the retirement benefits before you pay out all the bond holders that have loaned California the money that they use to run all their programs and services." " This isn't about taxes and Billionaire Tax Act. I don't think you can tax your way out of this problem. People will just leave the state." "California's functional bankruptcy is a major risk to the country and we need to figure out what we can change to fix it." At the The Hill & Valley Forum 2026

sourcery

328,249 views • 3 months ago

Lady accuses Caleb Hammer of being out of touch with reality for advising people against credit cards on his shows. She says he can’t comprehend handling multiple jobs and also questions him for not giving his employee a birthday day off. Lady: "I guess you don't understand that as much now that you know you have this big studio and stuff like that so maybe you kind of can't comprehend that." Caleb: "I can't comprehend what?" Lady: "Just kind of having a lot of financial bills... live paycheck to paycheck to just pay for my survival needs. Just because you have like all of this money and revenue that you can then pay for others for you" Lady:“I know someone's here working on their birthday." Caleb:“Is this someone's birthday today? Nah. Lady:“You don't even know your own employees." Caleb:“I don't know everyone's birthday." "Adults work on their birthday." "If he wanted to request it, he could have." Lady: "I work for an NGO at least they give us our birthdays off” Caleb: "I'm forcing him to have a week off in what? Two and a half weeks?" "And I'm losing revenue for that because we're not uploading that week." Lady: "You're losing that understanding that you know.” Caleb:“explain to me how I'm losing that understanding though,cause I’ve worked multiple jobs before” Lady: "Your multiple jobs to make your bills do is because of your McDonald's. Isn't that what you tell everybody?" Caleb: "I went to McDonald's shirt all throughout my life but I had rent in college and utilities. Credit cards can be a damaging tool to people" Lady:“If you have it's either starve or buy some groceries. Of course I'm going to use my credit card if I have.

Lady accuses Caleb Hammer of being out of touch with reality for advising people against credit cards on his shows. She says he can’t comprehend handling multiple jobs and also questions him for not giving his employee a birthday day off. Lady: "I guess you don't understand that as much now that you know you have this big studio and stuff like that so maybe you kind of can't comprehend that." Caleb: "I can't comprehend what?" Lady: "Just kind of having a lot of financial bills... live paycheck to paycheck to just pay for my survival needs. Just because you have like all of this money and revenue that you can then pay for others for you" Lady:“I know someone's here working on their birthday." Caleb:“Is this someone's birthday today? Nah. Lady:“You don't even know your own employees." Caleb:“I don't know everyone's birthday." "Adults work on their birthday." "If he wanted to request it, he could have." Lady: "I work for an NGO at least they give us our birthdays off” Caleb: "I'm forcing him to have a week off in what? Two and a half weeks?" "And I'm losing revenue for that because we're not uploading that week." Lady: "You're losing that understanding that you know.” Caleb:“explain to me how I'm losing that understanding though,cause I’ve worked multiple jobs before” Lady: "Your multiple jobs to make your bills do is because of your McDonald's. Isn't that what you tell everybody?" Caleb: "I went to McDonald's shirt all throughout my life but I had rent in college and utilities. Credit cards can be a damaging tool to people" Lady:“If you have it's either starve or buy some groceries. Of course I'm going to use my credit card if I have.

Flo

36,474 views • 2 months ago

Tax, tax, tax. It’s all Labour know, it’s all Labour do. Now we potentially have 2 more, 1 for sure. There will be a 22% across the board tax on an interest earned from cash in stocks & shares ISA’s. Bear in mind this is money you have invested that you already paid income tax on and put into an ISA because you were told it was tax free. Then there is a strong suggestion that when Burnham comes in he will immediately put up Capital Gains Tax to match income tax. Thus killing any incentive or motivation to invest in or grow your assets. Tax is there for one reason only. To make the country function well and better people’s lives. We have the highest taxes ever now….but look around you. I defy you to find a single solitary piece of your life or this country that those taxes have improved!!! My advice is….find legal ways to pay as little as you possibly can!!

Tax, tax, tax. It’s all Labour know, it’s all Labour do. Now we potentially have 2 more, 1 for sure. There will be a 22% across the board tax on an interest earned from cash in stocks & shares ISA’s. Bear in mind this is money you have invested that you already paid income tax on and put into an ISA because you were told it was tax free. Then there is a strong suggestion that when Burnham comes in he will immediately put up Capital Gains Tax to match income tax. Thus killing any incentive or motivation to invest in or grow your assets. Tax is there for one reason only. To make the country function well and better people’s lives. We have the highest taxes ever now….but look around you. I defy you to find a single solitary piece of your life or this country that those taxes have improved!!! My advice is….find legal ways to pay as little as you possibly can!!

John Hannam

46,485 views • 3 months ago

When people say things like ‘Why are people worried about wealth taxes that will never affect them’ it shows a fundamental misunderstanding of how the economy works and why even people who aren’t rich, don’t want wealth taxes. Wealthy people like it or not, are amongst the most economically productive people in our country, the top 1% of earners contribute 30% of our income tax receipts. The top 1% are responsible for approx 340,000 jobs in the economy etc. Wealthy people are also best placed to restructure their tax affairs to avoid wealth taxes and the most geographically mobile in our country, leaving for them is as easy as rearranging dates in their calendar. There is a wealth of comparative data from other countries showing wealth taxes are economically damaging, difficult to implement, expensive to administer and never raise the levels of taxes promised. There is no country in world that has ever raised anywhere near the £25 billion cited as the potential amounts that would be raised from an annual wealth tax. If the wealthy leave that impacts our tax base, which inevitably means that everyone else who isn’t wealthy, has to pay more tax. If they leave they will shift their strategic focus and capital to wherever they go, which means that money that would otherwise would have been invested in the UK will go elsewhere. This is precisely why other countries like Italy have tax regimes specially designed to incentivise wealthy people to come, they understand that having wealthy people is great for tax receipts, job creation and economic growth. It’s very disingenuous to assume the reason why people don’t support wealth taxes is because they believe they will one day be in the 1%. They don’t support wealth taxes for the most part because they understand they simply do not work. Zack Polanski is a dangerous man who isn’t even clear in his own mind why we need wealth taxes. His commitment to wealth taxes is ideological rather than evidence based. In the interview he explains that there’s a lot of the wealth in the city of London yet at the same time maintains that wealth taxes aren’t needed for raising tax revenues but are principally for reducing wealth inequality. So you mean to tell me the goal is the force some of the most economically productive people to leave so that we can all be poorer collectively but be more equal? In a country where 53% of households take more out of the state in benefits than they put in, what do you think will happen to the tax burden for working /middle class people if the top 1% leave or restructure their tax affairs in such as way that reduces their exposure to the UK. We are already at a post world war high when it comes to the tax burden and we are in real time seeing the damage it is doing to business and investor confidence in the UK economy. Yet you somehow think that levying even more taxes will have no impact on ordinary people?

When people say things like ‘Why are people worried about wealth taxes that will never affect them’ it shows a fundamental misunderstanding of how the economy works and why even people who aren’t rich, don’t want wealth taxes. Wealthy people like it or not, are amongst the most economically productive people in our country, the top 1% of earners contribute 30% of our income tax receipts. The top 1% are responsible for approx 340,000 jobs in the economy etc. Wealthy people are also best placed to restructure their tax affairs to avoid wealth taxes and the most geographically mobile in our country, leaving for them is as easy as rearranging dates in their calendar. There is a wealth of comparative data from other countries showing wealth taxes are economically damaging, difficult to implement, expensive to administer and never raise the levels of taxes promised. There is no country in world that has ever raised anywhere near the £25 billion cited as the potential amounts that would be raised from an annual wealth tax. If the wealthy leave that impacts our tax base, which inevitably means that everyone else who isn’t wealthy, has to pay more tax. If they leave they will shift their strategic focus and capital to wherever they go, which means that money that would otherwise would have been invested in the UK will go elsewhere. This is precisely why other countries like Italy have tax regimes specially designed to incentivise wealthy people to come, they understand that having wealthy people is great for tax receipts, job creation and economic growth. It’s very disingenuous to assume the reason why people don’t support wealth taxes is because they believe they will one day be in the 1%. They don’t support wealth taxes for the most part because they understand they simply do not work. Zack Polanski is a dangerous man who isn’t even clear in his own mind why we need wealth taxes. His commitment to wealth taxes is ideological rather than evidence based. In the interview he explains that there’s a lot of the wealth in the city of London yet at the same time maintains that wealth taxes aren’t needed for raising tax revenues but are principally for reducing wealth inequality. So you mean to tell me the goal is the force some of the most economically productive people to leave so that we can all be poorer collectively but be more equal? In a country where 53% of households take more out of the state in benefits than they put in, what do you think will happen to the tax burden for working /middle class people if the top 1% leave or restructure their tax affairs in such as way that reduces their exposure to the UK. We are already at a post world war high when it comes to the tax burden and we are in real time seeing the damage it is doing to business and investor confidence in the UK economy. Yet you somehow think that levying even more taxes will have no impact on ordinary people?

D

86,577 views • 5 months ago

California's Wealth Tax Has a Secret Prohibition On Founder Control That's Forcing Entrepreneurs Out Sacks: “Larry and Sergey have left the state, and they’re probably getting dragged for that, but one of the reasons they have to is because of the super-voting stock provision in this thing.” “The way they calculate the value of your stock isn’t based on its liquid market value, but if you own super-voting shares, they multiply your ownership, your super voting, by the market cap of the company, and they deem your shares be worth that.” How it works: – Larry and Sergey have a combined 52% voting share of Google, which is worth $4T – They would be deemed to be worth roughly $1T each, not the ~$200B they are actually worth – So a 5% tax for them is more like a 25% tax on their entire net worth Chamath: “It actually becomes closer to 50%, because you'd have to sell more than that to overcome the drag of selling to generate $25B or $50B of net worth.” “You have to sell two times that, because you have to pay taxes on that.” Sacks: “So what’s the point of having that super-voting provision in there?” “It’s just totally punitive and vicious.”

California's Wealth Tax Has a Secret Prohibition On Founder Control That's Forcing Entrepreneurs Out Sacks: “Larry and Sergey have left the state, and they’re probably getting dragged for that, but one of the reasons they have to is because of the super-voting stock provision in this thing.” “The way they calculate the value of your stock isn’t based on its liquid market value, but if you own super-voting shares, they multiply your ownership, your super voting, by the market cap of the company, and they deem your shares be worth that.” How it works: – Larry and Sergey have a combined 52% voting share of Google, which is worth $4T – They would be deemed to be worth roughly $1T each, not the ~$200B they are actually worth – So a 5% tax for them is more like a 25% tax on their entire net worth Chamath: “It actually becomes closer to 50%, because you'd have to sell more than that to overcome the drag of selling to generate $25B or $50B of net worth.” “You have to sell two times that, because you have to pay taxes on that.” Sacks: “So what’s the point of having that super-voting provision in there?” “It’s just totally punitive and vicious.”

The All-In Podcast

155,483 views • 9 months ago

Socialists keep saying "the rich don't pay their fair share in taxes." Charles Payne just ran the actual numbers and ENDED their narrative in under 2 minutes. The top 1% pay roughly 40% of federal income taxes while earning about 22% of the income. The top 10% (the entrepreneurs and small business owners putting in 60-hour weeks) pay over 70% of the total taxes. If we were to tax people based on how much they use services, the top earners would be paying close to ZERO. PAYNE: "Be thankful we live in a country that's as progressive as it is because it's a pretty good balance right now." FUN FACT: Elizabeth Warren called Elon Musk a "freeloader" in 2021 and said we have to "change the rigged tax code so The Person of the Year will actually pay taxes." Musk replied: "If you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year." Musk paid $11,000,000,000 that year in taxes.

Socialists keep saying "the rich don't pay their fair share in taxes." Charles Payne just ran the actual numbers and ENDED their narrative in under 2 minutes. The top 1% pay roughly 40% of federal income taxes while earning about 22% of the income. The top 10% (the entrepreneurs and small business owners putting in 60-hour weeks) pay over 70% of the total taxes. If we were to tax people based on how much they use services, the top earners would be paying close to ZERO. PAYNE: "Be thankful we live in a country that's as progressive as it is because it's a pretty good balance right now." FUN FACT: Elizabeth Warren called Elon Musk a "freeloader" in 2021 and said we have to "change the rigged tax code so The Person of the Year will actually pay taxes." Musk replied: "If you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year." Musk paid $11,000,000,000 that year in taxes.

The Vigilant Fox 🦊

878,444 views • 2 months ago