4 ms·

Tbh there is a price for that, our taxation is one of the highest in the world with stagnation for past 15 years (even with enormous "immigration" flow). Also

Tbh there is a price for that, our taxation is one of the highest in the world with stagnation for past 15 years (even with enormous "immigration" flow). Also people who are in top of their fields almost never stay in Europe (especially if they are young) as potential tax burden for top brackets (which aren't that high its mostly middle class in US wealth scale) are enormous and total taxation can be as high as 60-65% (with VAT and local laws [homes, car, fuel]) for 1.5-3x less money then in US or even in some Asian based corporations which directly makes EU stagnant in most of the R&D fields (even in IT i can make like triple the money in US or 1.5x in China corporations). EU system is good if you are making money not from work but from wealth (rent, stocks etc.) which is only for folks who already make a lot of investments in younger days or just inherit a lot of cash/properties/stocks. I know US folks love to be angry about their country, but they are in best position for making decent living in the whole world, except possibly some small asian/european states like Switzerland/Singapore etc.

lapcat 3y ago
> people who are in top of their fields almost never stay in Europe (especially if they are young) > I know US folks love to be angry about their country, but they are in best position for making decent living These are two different things. The disparity of wealth between the top and the bottom, indeed between the top and everyone else, is greater than in the other wealthy countries. For decades, income in the US has been stagnant except at the top. And when the salaries of the masses finally start to rise due to demand for labor, the Federal Reserve decides that is the Worst Thing Ever and intentionally provokes a recession. > EU system is good if you are making money not from work but from wealth Every system is good if you are making money not from work but from wealth.
- machinekob 3y ago
  > Every system is good if you are making money not from work but from wealth. But not every system is taxing you 65% from work and 0-20% from wealth. Indeed US wealth disparity is enormous but this is also a country with highest number of billionaire, gigant corporations and biggest stock exchange. And all of that didn't change the fact that US middle class is wealthiest middle class in the world (except some small countries that cant be compared Norway/Qatar etc.)
  - lapcat 3y ago
    > US middle class is wealthiest middle class in the world This is not true. https://www.investopedia.com/ask/answers/040615/what-country-has-richest-middle-class.asp https://www.investopedia.com/ask/answers/040615/what-country... https://www.nytimes.com/2014/04/23/upshot/the-american-middle-class-is-no-longer-the-worlds-richest.html https://www.nytimes.com/2014/04/23/upshot/the-american-middl...
vidarh 3y ago
> and total taxation can be as high as 60-65% (with VAT and local laws [homes, car, fuel]) If you earn enough for this to be even a possible scenario, you either live somewhere where it's easy to move across a border to change it (Belgium and Germany are massive outliers; especially Belgium) while staying in Europe, and/or earn enough that you can easily plan your way out of paying that much. (3rd alternative: you confuse marginal and effective tax rates, which is scarily common) It's a problem for the top ~1%-2%.

lapcat 3y ago

> people who are in top of their fields almost never stay in Europe (especially if they are young) > I know US folks love to be angry about their country, but they are in best position for making decent living These are two different things. The disparity of wealth between the top and the bottom, indeed between the top and everyone else, is greater than in the other wealthy countries. For decades, income in the US has been stagnant except at the top. And when the salaries of the masses finally start to rise due to demand for labor, the Federal Reserve decides that is the Worst Thing Ever and intentionally provokes a recession. > EU system is good if you are making money not from work but from wealth Every system is good if you are making money not from work but from wealth.

machinekob 3y ago
> Every system is good if you are making money not from work but from wealth. But not every system is taxing you 65% from work and 0-20% from wealth. Indeed US wealth disparity is enormous but this is also a country with highest number of billionaire, gigant corporations and biggest stock exchange. And all of that didn't change the fact that US middle class is wealthiest middle class in the world (except some small countries that cant be compared Norway/Qatar etc.)
- lapcat 3y ago
  > US middle class is wealthiest middle class in the world This is not true. https://www.investopedia.com/ask/answers/040615/what-country-has-richest-middle-class.asp https://www.investopedia.com/ask/answers/040615/what-country... https://www.nytimes.com/2014/04/23/upshot/the-american-middle-class-is-no-longer-the-worlds-richest.html https://www.nytimes.com/2014/04/23/upshot/the-american-middl...

vidarh 3y ago

> and total taxation can be as high as 60-65% (with VAT and local laws [homes, car, fuel]) If you earn enough for this to be even a possible scenario, you either live somewhere where it's easy to move across a border to change it (Belgium and Germany are massive outliers; especially Belgium) while staying in Europe, and/or earn enough that you can easily plan your way out of paying that much. (3rd alternative: you confuse marginal and effective tax rates, which is scarily common) It's a problem for the top ~1%-2%.