461–470 of 567 posts
[flagged]
>Otherwise you become a shithole country like the USA Better than a country that hasn't seen any growth in living standards (GDP per capita) in over a decade, like most of Western Europe.
Earlier quoted context omitted.
Don’t forget the energy suicide Germany has committed. Cheap energy was the backbone of Germanys rich industrial economy, and that rug has been (allowed and even encouraged) to be pulled by none other than the country now offering them a “very good price” on LNG…
Did you miss the Russo-Ukrainian war? Or are you suggesting that we (Europeans) should have continued pumping cash into Russia for a bunch of gas?
Earlier quoted context omitted.
> did I just magically make $900k? Yes you did, because now you can mortgage your real estate for that value and live in luxury. This is how most people make a good living, not by working or investing.
How does that work? Mortgaging is selling a portion (in an abstract sense) of a house for cash, with an obligation to buy that portion back in installments. So parent has mortgaged their 100k house for a million - now what? How do they get out of their obligation to repay the mortgage - that is, buy the house back again for at least a million - without incurring penalties? If there weren't repercussions for defaultin…
After they have repaid the mortgage they will own a million dollar house clear and free. Which they can sell or mortgage again.
I'm stating that the ability to mortgage or sell your house for a million is evidence that it has increased in value by 900 000.
Or you could pay your fair share to contribute back to the country that supported you initially by providing education, labour, infrastructure, etc. The moment we talk about piracy it's all about how poor billionaires will have to sleep in their cars if you make a digital copy of something you would not have otherwise bought, but when it comes to supporting the society that created you and your wealth, suddenly it's…
It is quite funny how exactly the current amount of taxes being requested by the local government is magically "fair." Although, of course, if taxes were raised, I'm sure you would still call that "fair." And countries where taxes are lower...well, the citizens must be scamming their government, I guess?
Yes. The happiest countries have the highest taxes because they tax those able to contribute so that everybody has a decent standard of living. Who do you think works in local government? Aliens? It's the people who live there.
Or you could pay your fair share to contribute back to the country that supported you initially by providing education, labour, infrastructure, etc. The moment we talk about piracy it's all about how poor billionaires will have to sleep in their cars if you make a digital copy of something you would not have otherwise bought, but when it comes to supporting the society that created you and your wealth, suddenly it's…
> fair share Pretty sure “fair” means both sides agree that it’s fair. You can’t just say “I think it’s fair that I take a half of what you made”. You could say that people know what the conditions are before starting the business, so they implicitly agree that it’s fair if they start. But this article exactly explains what to expect because people don’t know it beforehand, and thus they now can make better informed…
Earlier quoted context omitted.
Exactly. And they, by default, use a very high multiple (13.75) for calculating the value of your shares.
This multiplier would be ridiculous for an LLC you are just shareholder of but in case of one person company which usually derives most of its value from the work of the founder it's just on another level. One person shops would rarely get 3-5x multiplier if the founder leaves. It's straight up "you belong to us" type of regulation. Next they will make you fight in the arena to win your freedom.
Earlier quoted context omitted.
It's not dumb. You're not allowed to close a business in the US until you check a lot of boxes, too. You have to show you don't have outstanding debts and so on. The banks won't let you do that because it's an easy way to escape debt. That's exactly why bankruptcy is an extended legal process. If an employee is guaranteed X months salary upon notice of layoff in the contract, that's debt you have to resolve before yo…
You're confusing "winding a business down" with "bankruptcy" in the US. As long as you follow the law, there is no government "approval" of a dissolution. You notify shareholders and creditors, then resolve any outstanding payments, then dissolve.
In part, "following the law" means "clearing any outstanding debts."
https://de.wikipedia.org/wiki/Wegzugsbesteuerung
So thank your greedy ancestors for that.
In addition it is mentioned in the article above that it is possible to pay this tax over a time period of seven years. So you don't have to pay it all at once.
When businesses are fleeing, you're doing something very wrong.