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>Your argument is flawed in that it reduces the talent competition to just one factor: the tax rate. In Europe, London and Berlin have much better access to ca

>Your argument is flawed in that it reduces the talent competition to just one factor: the tax rate. In Europe, London and Berlin have much better access to capital and bigger startup scene; these things have to happen, you can't legislate them. Tax rate and business environment is the only thing that can be changed by at will and perhaps make the rest happen. >It ignores factors such as cost of living (which is, at least, equally important), and quality of life. Where Austria wins how? Don't cite average statistics: how is life in Austria better than the rest for someone earning ~€10k gross a month? Note that's always connected with the tax rate. Want really cheap living? Go to Bucharest, great internet is a bonus, also many local developers, 16% linear tax. Want great quality of life? A waterfront property in Spain, Canarias, or even Bali, some guys work like that. People may stay if it's ok, but to make them move to you, you need to be the BEST at some linear combination of all important factors. >Nonsense. Young people need healthcare as well, be it for something trivial as flu medication or a visit to the dentist Why do you need insurance for that? Just go and pay out of pocket. Btw there's no such thing as flu medication. The only medication you may need is something to decrease temperature, but that's OTC. >or something far more serious. Which is very unlikely if you are young. Even then, outside of US health care isn't that expensive.

programLyrique 10y ago
Which are likely if you are young... Sport-related accident for instance. Especially ski accidents... and Austria is a land of mountains, and ski is very popular there. Young people are more generally more likely to have accidents. Car-accident are also more prevalent (drinking...).
- duckingtest 10y ago
  That's not an inherent risk of being young, that's a risk from doing these things. In fact these activities are safer while young, if only due to a better reaction time.
  - programLyrique 10y ago
    Being young is associated with risk-taking (see http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2396566/ http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2396566/ for instance for some references. In the article, "young" means less than 25). So you're more likely to ski less safely, for instance. Young drivers are also really more likely to have a car accident (ask car insurance), not because they are this age or that age, but because they less experienced.
ckastner 10y ago
>> >Your argument is flawed in that it reduces the talent competition to just one factor: the tax rate. > Tax rate and business environment is the only thing that can be changed by at will and perhaps make the rest happen. But the factors that cannot be changed at will are still factors. >>It ignores factors such as cost of living (which is, at least, equally important), and quality of life. > Where Austria wins how? Don't cite average statistics: how is life in Austria better than the rest for someone earning ~€10k gross a month? That's €5600 after taxes (not counting the 13th and 14th salary, which are regulated bonuses), according to the site you cited earlier. Deduct €1500 for a 75sqm penthouse apartment with terrace in a nice part of town (that's on the expensive side for 75sqm). That leaves you with a discretionary income of €4100/month, since health care etc. are already taken care of. How much do you have to make in London to have that much discretionary income? And that's just one factor. Other factors include, but are not limited to: safety (excellent for a city of almost 2m), cultural (art, music), culinary, incredible cleanliness, entertainment, access to healthcare, diversity (Vienna is considered a hub towards the east, and has historically been an international hub). > Want really cheap living? Go to Bucharest, great internet is a bonus, also many local developers, 16% linear tax. How much discretionary income does a good developer in Bucharest have? > Want great quality of life? A waterfront property in Spain, Canarias, or even Bali, some guys work like that. How safe is Bali? Do I have access to something equivalent to the Vienna Philharmonics, or say a smaller ensemble in the Imperial Palace there? How are the hospitals? A location cannot be reduced to one or even a few dimensions. The Mercer Quality of Living Survey [1], which has consistenly ranked Vienna #1 in the past years, cites a total of 39 factors, for example. [1] https://en.wikipedia.org/wiki/Mercer_Quality_of_Living_Survey https://en.wikipedia.org/wiki/Mercer_Quality_of_Living_Surve...

programLyrique 10y ago

Which are likely if you are young... Sport-related accident for instance. Especially ski accidents... and Austria is a land of mountains, and ski is very popular there. Young people are more generally more likely to have accidents. Car-accident are also more prevalent (drinking...).

duckingtest 10y ago
That's not an inherent risk of being young, that's a risk from doing these things. In fact these activities are safer while young, if only due to a better reaction time.
- programLyrique 10y ago
  Being young is associated with risk-taking (see http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2396566/ http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2396566/ for instance for some references. In the article, "young" means less than 25). So you're more likely to ski less safely, for instance. Young drivers are also really more likely to have a car accident (ask car insurance), not because they are this age or that age, but because they less experienced.

ckastner 10y ago

>> >Your argument is flawed in that it reduces the talent competition to just one factor: the tax rate. > Tax rate and business environment is the only thing that can be changed by at will and perhaps make the rest happen. But the factors that cannot be changed at will are still factors. >>It ignores factors such as cost of living (which is, at least, equally important), and quality of life. > Where Austria wins how? Don't cite average statistics: how is life in Austria better than the rest for someone earning ~€10k gross a month? That's €5600 after taxes (not counting the 13th and 14th salary, which are regulated bonuses), according to the site you cited earlier. Deduct €1500 for a 75sqm penthouse apartment with terrace in a nice part of town (that's on the expensive side for 75sqm). That leaves you with a discretionary income of €4100/month, since health care etc. are already taken care of. How much do you have to make in London to have that much discretionary income? And that's just one factor. Other factors include, but are not limited to: safety (excellent for a city of almost 2m), cultural (art, music), culinary, incredible cleanliness, entertainment, access to healthcare, diversity (Vienna is considered a hub towards the east, and has historically been an international hub). > Want really cheap living? Go to Bucharest, great internet is a bonus, also many local developers, 16% linear tax. How much discretionary income does a good developer in Bucharest have? > Want great quality of life? A waterfront property in Spain, Canarias, or even Bali, some guys work like that. How safe is Bali? Do I have access to something equivalent to the Vienna Philharmonics, or say a smaller ensemble in the Imperial Palace there? How are the hospitals? A location cannot be reduced to one or even a few dimensions. The Mercer Quality of Living Survey [1], which has consistenly ranked Vienna #1 in the past years, cites a total of 39 factors, for example. [1] https://en.wikipedia.org/wiki/Mercer_Quality_of_Living_Survey https://en.wikipedia.org/wiki/Mercer_Quality_of_Living_Surve...