181–190 of 292 posts
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"Just" implies it wasn't a big deal.
Warren Buffett just focuses on business all day. Tom Brady just thinks about football all day. The word 'just' is used in many cases to show someone did one thing and not other things. Doing lots of things is often just stupid.
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I still don't understand what Paddle offers to SaaS. As a dev I thought maybe easier integration. But it doesn't seem all that different from Stripe Invoice.
My understanding is that Paddle becomes a middle man in the transaction taking on all international tax responsibility. They pay you out after paying all tax/vat local to the customer. This massively simplifies international sales, particularly for EU business. I also believe that an awful lot of small online SASS and digital good sales by companies are committing (unintentional) tax fraud in the countries of their c…
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I think that this is not just a story-telling problem. It is a wealth-sharing problem as well. I don't know much about stripe, but think of Bezos as a pretty good example - to a O(n) rounding he has 100 billion dollars and 1 million employees. Why is he getting 100,000 from each employee ? Not because those employees send him a cheque. But because of particular outcomes of share capital, and corporate law. Decisions…
> It is a wealth-sharing problem as well. I don't know much about stripe, but think of Bezos as a pretty good example - to a O(n) rounding he has 100 billion dollars and 1 million employees. Why is he getting 100,000 from each employee? I used to work for Amazon. I did not give Jeff Bezos $100,000. In fact, I actually made money out of the deal.
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> It is a wealth-sharing problem as well. The reality is that it's just not possible to start these kinds of Unicorn companies anywhere except in the USA. The EU's extreme policies contribute to an overwhelming burden of tax and employment regulations, which results in risk-averseness. So entrepreneurial Europeans go to USA to start their company.
That thesis is hard to square with the fact that it’s not that these unicorns are started in the US, it’s that they are almost all started in one metropolitan area . The distinguishing factors here aren’t simply European regulations and taxes.
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It's a matter of locality sure. But also access. SF and NYC have easy access to startup incubators and venture capital. Do you have a great idea and looking for an angel to give it a chance? You'll probably find it in New York or San Francisco. Pretty unlikely in Munich or Paris.
I realise it's maybe clear from the context of the thread, but it's worth reiterating that this is only true for unicorn-scale. There is plenty of startup capital available for good ideas in both Paris and Munich as well as many other European cities, they are just unlikely to breed unicorns.
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Ok. How?
- Stop giving discounted tax rates for capital gains, make people pay the full income tax rate for any kind of income - Abolish step-up basis, which allows dynasties to build tax-free wealth via "invest, borrow, die"-type strategies. Also other tax avoidance strategies used by the rich e.g. 503cs. - Stop giving corporations special treatment under anti-trust law compared to other ways of organising. Give unions, work…
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Isn't the risk of losses supposedly why capital holders make a profit at all? So they shouldn't be paid twice for it.
The capital being invested has already been taxed at the source. Capital gains shouldn’t even be taxed. I earned it, paid taxes on it; what I do with it beyond that is no one’s business. I’m the one taking the risk yet the government benefits if that risk pays off but doesn’t compensate me if it doesn’t.
So? A worker has already paid all kinds of taxes in their life, but they still get taxed on their income.
> Capital gains shouldn’t even be taxed. I earned it, paid taxes on it; what I do with it beyond that is no one’s business.
Your original capital is yours, but if you get income from it, you should be taxed the same as any other income. My time is and should be my own to do with as I see fit, but I still get taxed if I get income from it.
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That thesis is hard to square with the fact that it’s not that these unicorns are started in the US, it’s that they are almost all started in one metropolitan area . The distinguishing factors here aren’t simply European regulations and taxes.
Yes but that concentration in the Bay area has historically been because of its proximity to Sand Hill Road no? Or am I misunderstanding your point?
If we are to take the content of your post at face value, that thesis is wrong. It was due to sand hill road being where sand hill road is. That may have something to do with taxes and regulations to a degree, but that isn’t a sufficient explanation.
Isn’t this just a marketing puff piece with no substance?
I find it hard to believe they should be worth more than Twilio. They get a cut of revenue but they are still developer focused, which limits ultimate upside. It is about making developers lives easier not about building a network that scales