@tbeckett See ya tomorrow!
@GuerillaOntologist Could close the "tax efficiency" gap with ESOPs a bit, if designed well...
@GuerillaOntologist One I've gotten increasingly curious about for worker co-ops specifically is the "SEP IRA", which allows a biz to contribute up to 25% of payroll or $50k+ pre-tax. It's often used by solo business-owners, with the "downside" being that if you bring on employees, you have to make equal (salary-prorated) contributions for them and it vests instantly. Not a problem for #workercoops, obvious, though I'm curious if it's allowable to distribute on the basis of hours worked.
@GuerillaOntologist There was a webinar recently, and it was useful to learn about a bunch of different retirement vehicles. Apparently traditional 401(k)s are challenging for co-op investment because all investments are legally required by ERISA to be liquid on a quarterly basis, while that's not true for solo 401(k)s (or the various form of IRAs, which makes them the way to get tax-preferred savings working in the solidarity economy...
@GuerillaOntologist My understanding is that they are cheaper/lower overhead, b/c you can self-administer once you havea plan doc, while SDIRAs require a custodian (paperwork + fees). I have an SDIRA through work, and it sounds like they will be doing a cohort for that model soon...
@GreenandBlack I feel like public transit blockades need to be judged case-by-case, as it's often a delicate tactical/strategic balance. For instance, Black Lives Matter shutting down the Minneapolis light rail repeatedly following cop murders.
If you have freelance income and want to funnel your retirement savings in the #coop economy, #SELC is organizing a cohort of 100 folks to set up self-directed solo 401ks by the end of the year. Check this form for more details and to sign up to be part of the cohort! https://docs.google.com/forms/d/e/1FAIpQLScyLlikwcBnWDiDv5vkMhJ1nJBGLrvo2XCtjV9zqg9ESIP1_w/viewform
@ckohtala That was 20 years ago? Gah!
Halloween party idea - If you are having a Halloween party you can test out face makeup to avoid facial recognition. I thought people may like this as an activity for a party --
Watch a few videos, apply the face makeup and then use free software to see if you are recognized.
site with free software webcam: https://face-dazzler.herokuapp.com/#go-to-webcam
What do you think?
@emi "100 miler"
@LeoSammallahti Democracy at Work Institute, not Democracy at Work (the Richard Wolfe org)
social.coop is a cooperatively-run corner of the Fediverse. The instance is democratically governed by its members, who generally share an interest in the co-op model, but topics of discussion range widely.
Our instance is supported by sliding scale contributions of $1-10/mo made via Open Collective. You must have an active Open Collective account to apply for membership; you may set one up here