"I will invest in startups, established companies, social-impact initiatives and businesses founded by migrants and refugees themselves." Delusion pro! Sure there will be talented people, but they'll find a way, it's still nice they'll get help getting funded, but what about the masses who come for social benefits, and don't really wish to work during their lifetime. Not to mention the lack of single f*ck they give a…
Why I’m Investing $500M in Migrants
71–80 of 83 posts
Re: Why I’m Investing $500M in Migrants
#72Earlier quoted context omitted.
Then change the tax laws. It's silly to suggest that they should pay more to the government than is legally required. Actual tax evasion comes with pretty serious penalties, so people with loads of money tend to be pretty prudent when ensuring what they are doing with their taxes is legal.
I agree that changing tax law would be the best remedy but I'm not entirely sure if tax "avoidance" on a massive scale doesn't have some ethical considerations. When the people engaging in said avoidance have an outsized influence on the way tax laws are set up and interpreted relative to working/middle class citizens, I can certainly understand why some might attach an ethical consideration to such schemes. Just to…
Do you suggest that people are unethical if they choose to take a mortgage interest deduction or deduct business expenses? How about people that rollover their retirement accounts?
I disagree with the tax benefits granted to homeowners and parents. However, it is the current law and I don't rant that people are being unethical by limiting their payment to the government under the law that exists. I would consider them fiscally irresponsible to do otherwise.
Re: Why I’m Investing $500M in Migrants
#73Have no knowledge of Mr. Soros' policies or public stance on issues, but I ask: why is there even a need for a separate fund for migrants? From what I know, investors are driven by profit, not be ethnicity. If a business has potential to turn a profit, I don't think any VC would want to turn away. At least that's how things work for some of my Indian friends in the Valley. No one has ever denied them investment becau…
Re: Why I’m Investing $500M in Migrants
#74On a slight tangent here... I've always thought one of the biggest problems with globalisation as a concept is the absence of free movement of people. What I mean by that is the ability of people anywhere to move anywhere else, to work, consume, pay tax, and otherwise take part in civic life, for as long as they wish. We have free movement of capital and free movement of goods. However the limitation on movement of l…
Re: Why I’m Investing $500M in Migrants
#75Earlier quoted context omitted.
I agree that changing tax law would be the best remedy but I'm not entirely sure if tax "avoidance" on a massive scale doesn't have some ethical considerations. When the people engaging in said avoidance have an outsized influence on the way tax laws are set up and interpreted relative to working/middle class citizens, I can certainly understand why some might attach an ethical consideration to such schemes. Just to…
>I agree that changing tax law would be the best remedy but I'm not entirely sure if tax "avoidance" on a massive scale doesn't have some ethical considerations. Do you suggest that people are unethical if they choose to take a mortgage interest deduction or deduct business expenses? How about people that rollover their retirement accounts? I disagree with the tax benefits granted to homeowners and parents. However,…
I hope my posts didn't come off as a "rant", that was not my intention and I deliberately tried to make sure to point out that I'm not concrete in some of these views. I like coming to HN largely because ideas can be challenged in a respectful manner, I apologize if my posts came off as rants.
Re: Why I’m Investing $500M in Migrants
#76Earlier quoted context omitted.
I've seen a Syrian immigrant attempt to sexually assault a women with my own eyes. You should stay in your ivory tower if you want to be able to maintain your delusions.
I hope you physically stopped the violent attack, took the perpetrator to the police and pressed charges. Rape is a violent and sickening crime - that happens and is under prosecuted in every country, committed by native (men) as well as immigrant (men). It's not an immigrant problem, it's a man problem. Don't focus on the wrong causes of a problem in your blind hatred and prejudice.
Re: Why I’m Investing $500M in Migrants
#77Re: Why I’m Investing $500M in Migrants
#78This discussion if quickly being flooded with right-wing extremists. If you make a claim, please, provide a reputable source. If you see a claim being made without a source, do something for the intellectual health of this community and downvote.
Re: Why I’m Investing $500M in Migrants
#79Have no knowledge of Mr. Soros' policies or public stance on issues, but I ask: why is there even a need for a separate fund for migrants? From what I know, investors are driven by profit, not be ethnicity. If a business has potential to turn a profit, I don't think any VC would want to turn away. At least that's how things work for some of my Indian friends in the Valley. No one has ever denied them investment becau…
It only makes sense from a PR stand point: Drawing attention to the far outliers at the top. On a cognitive level, we all know that migrants are people not entirely unlike ourselves, capable of a wide range emotion sand behaviors, but what the news would organically expose us to are the outliers at the bottom - rapists, terrorists, organized crime. By creating this fund, Soros is trying to steer the conversation towa…
Re: Why I’m Investing $500M in Migrants
#80wsj.com Why I’m Investing $500 Million in Migrants George Soros Sept. 20, 2016 12:00 a.m. ET The world has been unsettled by a surge in forced migration. Tens of millions of people are on the move, fleeing their home countries in search of a better life abroad. Some are escaping civil war or an oppressive regime; others are forced out by extreme poverty, lured by the possibility of economic advancement for themselves…