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+ Luxembourg is not only a tax haven, it's also a major EU capital and EU employees pay no tax. Most 'workers' in Lux live outside the country in France, and dr
by jomamaxx 10y ago
+ Luxembourg is not only a tax haven, it's also a major EU capital and EU employees pay no tax. Most 'workers' in Lux live outside the country in France, and drive in every day. Finally, it's 200K people. Brooklyn is 5x bigger than Lux.
PS I lived there.
+ Switzerland is also a tax haven, with 1/3 of all off-shore private wealth in the entire world sitting there, with taxes going to local citizens. And it's one of the most socially conservative places on Earth, very low taxes in some areas.
+ Qatar and Norway are tiny populations with massive amounts of Oil, and otherwise extremely inefficient business sectors. Of course I'm sure you're aware that Qatar is not in Europe :).
I lived in Europe and the US, there is no comparison as to where wealth is created. I like living in Europe much more than the US for a variety of reasons, but it's not a place for social mobility, or to create wealth. Not by a stretch.