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I think the inevitable conclusion is returns to capital is rising versus the returns to labor. Put your money in investments because that's what we (as a societ

• lifestyleguru 2y ago
  The taxation and obligatory contributions on labor in Europe are brutal. Very quickly reaching over 40% in total in most countries. In the cities where there exist employment options, salary pays for housing, food, some going out, tiny savings and that's it. There is no point in working.
  • trgn 2y ago
    The most bizar thing in Europe to me is that many countries are straight up tax havens, no capital gains taxes, but then tax labor so highly. It's a wonder to me, and I feel like many europeans don't even realize. In US, the commonwealth is funded by the rich. In Europe, by everybody else.
    • lifestyleguru 2y ago
      Actually many countries heavily tax all of them - labour, dividends, and capital gains. Especially Nordics, Benelux, France, Germany. Sometimes I wonder what's the point even of working and investing in countries like France, Belgium, or Denmark... yeah everything is so tidy, clean, and nice but you'll never afford any of it through employment.
• trgn 2y ago
  Wage growth has been really strong lately, 4-5% for a number of years now. Capital gains on the contrary have been very choppy last few years. Broad correction after 2021, and some sectors have still not recovered. Housing is now dropping as well.