811–820 of 1001 posts
It sounds to me like your expectations are way out of whack. I’ve seen friends, acquaintances, and colleagues become entrepreneurs. Without an exception, every one that has a serious social media presence is a fraud. They have a company that is either money losing or fed by their parents. They pretend to be entrepreneur geniuses on social media but really have done nothing but basically be instagram models. The peopl…
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Absolutely, and this explains largely why most of the massively successful startups we all know comes from the Nordics and not from places with poor social security like the USA
Sarcasm noted. Seriously, though, this is somewhat easy to explain. Much of America does have an amazing "safety net": generational wealth. There's a reason why startups tend to spring from elite schools like Stanford, MIT, Yale, etc. Those kids have the brains, yes, but also the family connections and the parental safety nets and the connections to capital investment. These kids don't have to worry about food securi…
> That's more than all of Scandinavia's population combined. Goes a long way toward explaining why so many "big" startups come from the USA.
Expand it to all of the European countries with free healthcare to match the populations and the outcome is the same.
There is some subset that has to bail because of healthcare, but it’s not relevant in the larger picture.
I believe I found my success (screen.studio), but first I had to give up on it to start having a healthy relationship with my career. Only then I was able to look at myself being proud, even while seeing everyone tweet (remember, only successful people tweet - thus 'everyone' is a bit biased) about their success.
Good luck!
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Just looked at his Twitter. Seems like he's gone off the deep end and is now grifting like Alex Jones. Posts about Fauci, woke liberals, FBI + KGB working in cahoots....pathetic, really.
Pathetic to have different political opinions? Is that where some of us has landed. Anyone speaking against my own views are pathetic worthless and worthy of scorn? Then you wonder why society has divided into culture wars and why so much hate exists in the world.
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I disagree. Texas has been one of the fastest growing economies in the states. With a lot of technology companies.
Texas isn't the lowest tax or lowest regulation state, though it's a bit lower than California. I also think the cultural thing is obvious there. Texas is very pro-entrepreneurship generally.
It sounds to me like your expectations are way out of whack. I’ve seen friends, acquaintances, and colleagues become entrepreneurs. Without an exception, every one that has a serious social media presence is a fraud. They have a company that is either money losing or fed by their parents. They pretend to be entrepreneur geniuses on social media but really have done nothing but basically be instagram models. The peopl…
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Though it sounds like you might've overlooked two of the most important ingredients entrepreneurs need when getting something off the ground:
- vast web of influential family connections - inherited wealth
Maybe go back and try it with these two?
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Flip side of the welfare state is the heavy tax burden. Heavily progressive income tax makes it harder for individuals to accumulate capital for enterprenial endeavours, be it their own or investing in others'. This limits early stage investments and growth. Also, there are limited incentives in investing in careers and productivity as net income is surprisingly similar in lowest 10% and highest 10% income earners.
Burden? If the substrate/infrastructure you're playing in is maintained by our tax money, count your blessings and work to build trust in a system that, as others in this thread have already said, helps set everyone up to more-safely fail and grow. No one person is so important that we need to cultivate philanthropists. I'd far rather we collectively decide what to do with wealth generated from natural resources (all…
Also, you’re romanticizing what happens with tax money. When a major portion of it is going to a military I have no say in, I don’t get warm fuzzy feelings contributing my portion to the feds.
> how do we build a stronger representative government in the United States (where I live) when we're so divided and distrusting?
You’re assuming the conclusion here. Many people want a much weaker federal government and your question can be rephrased as “how do we make the anti-government people go away?”
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The US is absolutely a tax dodge because of low capital gains taxes and low corporate tax rates. Marginal personal income tax rates, which is what others keep comparing here, are only relevant for wage earners.
It's all relative isn't it? Singapore is a tax dodge, but I would't characterize low corporate income taxes as a tax dodge. How does one get money out of a corporation if not via marginal personal income tax rates?