51–60 of 116 posts
Earlier quoted context omitted.
Might you perhaps be the Swedish musician Solar Fields, who also made the music for the game Mirror's Edge?
I have no idea if he is or he is not who you are asking him, but it's super impressive that you can recognize a musician name from working on a game. Respect for that sir a lot of musicians would appreciate that.
I heard that Sweden's high income tax actually incentivised startups, because the only way to get _seriously_ wealthy was through capital gains. Does anybody know whether that's true? If so, it really undermines the narrative that is somewhat dominant in Britain, that high income tax will disincentivize entrepreneurship and innovation etc etc
I'm just a layman when it comes to all that but as someone who was raised in Sweden and lived here all my life I feel like the safety net that the government provides plays a huge role in people feeling free to start their own business, or their own band. When you know you won't become homeless due to a failed venture it becomes easier to take a chance on something.
For a country with roughly the population of the Chicago metropolitan area Sweden punches well above their weight in everything from startups to pop culture influence[0] to the point where the referenced article calls Sweden "the unofficial capital of pop music".
Turns out when you have a safety net it's a lot easier to make the jump to forming your own startup vs the US where if you leave your job the first step is to figure out how to get healthcare (and pay for it). In the US you're much closer to complete ruin if you leave a job to pursue your wild startup idea.
[0] - https://www.thrillist.com/entertainment/nation/this-is-pop-n...
I heard that Sweden's high income tax actually incentivised startups, because the only way to get _seriously_ wealthy was through capital gains. Does anybody know whether that's true? If so, it really undermines the narrative that is somewhat dominant in Britain, that high income tax will disincentivize entrepreneurship and innovation etc etc
I'm just a layman when it comes to all that but as someone who was raised in Sweden and lived here all my life I feel like the safety net that the government provides plays a huge role in people feeling free to start their own business, or their own band. When you know you won't become homeless due to a failed venture it becomes easier to take a chance on something.
I heard that Sweden's high income tax actually incentivised startups, because the only way to get _seriously_ wealthy was through capital gains. Does anybody know whether that's true? If so, it really undermines the narrative that is somewhat dominant in Britain, that high income tax will disincentivize entrepreneurship and innovation etc etc
My understanding, as a Swedish native, is that income from labour is taxed rather high (i think 70%+ for income over a certain amount). However, capital gains are taxed comparatively low. The two most common ways tax either 30% of the profit, or 1-3% of the annual total value (ish, I don't know the exact numbers and they are probably changing from year to year). How the incentives play out you have to ask someone els…
I heard that Sweden's high income tax actually incentivised startups, because the only way to get _seriously_ wealthy was through capital gains. Does anybody know whether that's true? If so, it really undermines the narrative that is somewhat dominant in Britain, that high income tax will disincentivize entrepreneurship and innovation etc etc
Even without the tax angle isn’t this generally true? Except in very rare cases of becoming CEO of an MNC or something.
In Sweden, very very few SWEs earn more than 80k/year.
Earlier quoted context omitted.
My understanding, as a Swedish native, is that income from labour is taxed rather high (i think 70%+ for income over a certain amount). However, capital gains are taxed comparatively low. The two most common ways tax either 30% of the profit, or 1-3% of the annual total value (ish, I don't know the exact numbers and they are probably changing from year to year). How the incentives play out you have to ask someone els…
It is pretty interesting to see, though. Sweden has a lot of "old money" and they seem to quite happy letting then keep it.
I heard that Sweden's high income tax actually incentivised startups, because the only way to get _seriously_ wealthy was through capital gains. Does anybody know whether that's true? If so, it really undermines the narrative that is somewhat dominant in Britain, that high income tax will disincentivize entrepreneurship and innovation etc etc
The only thing that incentivizes startups is access to capital. You need rich people.
The salaries are taxed in a way that a worker cannot easily save money to start their own business, they need to beg bankers for a loan or go cap in hand to the rich people - and oh be sure they'll have to give shares to the business.
In the UK we used to have a nice route for workers to build up their start up fund - basically you could create a company and sell your (and your co-founders) services to other companies. You could pay yourself a small salary or dividend or both to be able to cover rent, bills and day to day outgoings and in a year or two you could have amassed sizeable capital while gaining expertise. As an example, if you wanted to sell Kubernetes based SaaS product, you could have offered Kubernetes maintenance services etc and learn what kind of pain points corporations have and then work on incorporating solutions into your start up offering. Problem is that government believed it was a tax avoidance and closed this route (IR35). Now you can still offer services, but you are getting taxed on revenue which has no advantage over just being an employee and taking forever to save money.
Pluijzer (Stockholm, social enterprise that develops innovative solutions for a plastic-free future)
So guess I have to start doing that ...
Earlier quoted context omitted.
I'm starting a subsidiary of a start-up in Germany in Sweden. It's not my experience that Sweden is a great place for startups, the bureaucracy is extremely hit/miss. Setting up tax information for example is really difficult as a non-Swedish speaker and even tripped up my Swedish speaking friend (who is a project coordinator on the new Skane hospital: so she's somewhat aware of the tax system). How much of your dail…
There is an abundance of experienced engineers who are willing to work for less than an entry-level engineer in the US. Wages are very low even in Stockholm. Great if you want to build a tech startup. Unfortunately the employment law is written in support of factory workers, not knowledge workers. So many employers are very cautious when hiring because a non-performing employee is very expensive to get rid of, as lon…
I've pasted 150 items of this list to OpenAI and let it figure out what my username would be as a Swedish startup, the answer is Pluijzer (Stockholm, social enterprise that develops innovative solutions for a plastic-free future) So guess I have to start doing that ...