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No. It slows you down just getting rich as well. If I want to make €5 or €10m and retire, it's inefficient to pay a lot of tax if you can legally get around it.
by charlesdm 8y ago
No. It slows you down just getting rich as well. If I want to make €5 or €10m and retire, it's inefficient to pay a lot of tax if you can legally get around it.
It's one thing to pay on gains you make after you've gotten rich, i.e. if you're making 5% a year on €10m, than on the initial capital you're building up.
- Jommi 8y agoBut if the tax goes into something like education, it also has an accelerating effect. I think this is an issue that just isn't that black and white as you want to portray it.