Looks like you don't need to be a trader to get financial freedom

Discussion in 'Economics' started by freewilly, Dec 12, 2011.

  1. luisHK

    Not true...There is a wealth tax when I lived in Stockholm (lived there for 5 years)...then there is astronmical VAT..it was 23.7% when I was there. It's probably nearer to 25% now...

    If you like government supression and do not need the qwest of financial freedom...well Stockholm is the place to live.

    ES

    P.S. Believe there is no place like the good ol' USA...

     
    #71     Dec 20, 2011
  2. zdreg

    zdreg

    typical comment to one up somebody.:)
     
    #72     Dec 21, 2011
  3. luisHK

    luisHK

    Wealth tax was abolished in sweden in 2007

    https://www.nordisketax.net/main.asp?url=files/sve/eng/i07.asp&c=sve&l=eng&m=02

    Besides the No gift tax part obviously offers opportunities, even moreso to foreigners.

    Usually in EU, wereas you will get totally ripped off tax wise living on a middle or upper class salary, there are better ways for entrepreneurs and self employed - to get along tax wise. Some governments also simply handicap much more the people living off their work than those living off their capital.

    Belgium is stunning btw, atrocious taxes on work but kind of a tax haven for wealthier folks. Unfortunately, as it would have been the most convenient destination for me, I'm not impressed with the quality of life in Belgium though, especially the french speaking part - and Brussels is possibly the ugliest capital city in Europe
     
    #73     Dec 21, 2011
  4. luisHK

    luisHK

    Also I'm far from convinced at the moment that US is any better than EU in terms of government intrusion in individuals life, or in giving people the possiblity to defend themselves against the government.
     
    #74     Dec 21, 2011
  5. Humpy

    Humpy

    Nice to see Larry Elison won't be short of a few pennies this Xmas. His pay went up from $70m per year + perks etc.

    Can it really be right that the elite have so much they must be hard pressed to spend it all while others are living on the streets ? Whole families pushed into 1 small room. Cruel crapitalism or what.
     
    #75     Dec 21, 2011
  6. Humpy

    Humpy

    He may well expect a tax break from the Republicans

    After paying $69m in tax he would still be adequately comfortable unlike 30m Americans and rising !

    Strange how the richer a country gets - the meaner they get to their own. Stop paying the Taliban and get your own really poor into work of any sort imho
     
    #76     Dec 21, 2011
  7. Naturally after I left Sweden they abolish wealth tax..just my luck.

    ES

     
    #77     Dec 21, 2011
  8. zdreg

    zdreg

  9. sle

    sle

    The concept is good - a teacher gets paid well if he achieves good results. A meritocracy, finally!

    The devil is in the details - how does one quantify the effectiveness of teaching. I guess if all of the students took some sort of standardized tests every year, it would be possible to take each teachers mean score, adjust for the school district quality and arrive at the teachers ability to teach (including making the students interested). Or look at each student score improvement, though that would be harder.
     
    #79     Jan 1, 2012
  10. zdreg

    zdreg

    it is a waste of money because the improvement is not quantifiable. the whole process will be usurped by the teacher's union and the bonus money will just be divided up without any conclusive criteria.
    schools have received poor grades because they started at a high level and there was not much room for improvement.
    ny spends 2.5 times per student than utah. what does ny get for its money?
     
    #80     Jan 1, 2012