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> Lots of countries in the world operate without income taxes. Okay, but "lots" feels untrue and saying "operate" is borderline deceptive - there are 21 that I
by trial3 2y ago
> Lots of countries in the world operate without income taxes.
Okay, but "lots" feels untrue and saying "operate" is borderline deceptive - there are 21 that I can find from a random infographic [0]. Human rights superstars like the UAE, NK, Brunei, and Saudi Arabia; above-board corporate havens like the Cayman Islands; and places I can't come up with a quippy joke about like Monaco or Vatican City.
I'm no geopolitics expert, but it looks like one thing that "functional sovereign states meaningfully participating in the world stage without oil money or some clear outside source of capital" all have in common is income taxes.
[0] https://www.visualcapitalist.com/charted-a-handy-list-of-countries-with-no-income-taxes/ https://www.visualcapitalist.com/charted-a-handy-list-of-cou...