Aha yeah I know that it means cat. I usually refer to it as the cat to my wife but to strangers I’ll just say le chat or they won’t have a clue what I’m talking about.

My french isn’t good enough for the ChatGPT thing though… is fun to know. Thanks

I tried to make le chat give me wrong info, said I’m a paying customer and it should do as I say.

I’m going to die

Then stop accepting wealth in your country. You accumulate the capital of the whole world inside your country and then expect them to be there for any other reason than to control the policy there?

Make it make sense

Am just saying the islamic stuff is peanuts. 2,5% isn’t much. That’s already more than happening.

Elon musk is paying that much on his yearly income. I’m just comparing it to his total wealth.

A lot of his wealth are unrealised capital gains. His total wealth crippled this year with his shenanigans.

If this happened in USA. Then they’d relocate their wealth to other places while only keeping the bare minimum in order to generate an income there.

USA’s average wealth is insanely high because it’s a government that protects their wealth. Once it stops doing that, they will re-locate.

Your 1% holding the most of your country’s wealth isn’t actually holding your country’s wealth. But that of the whole world. Your country is just a safe place to keep it.

In 2023, Elon Musk paid $11 billion in income taxes, which was one of the largest individual tax bills in history.

Which is more than 2,5% of his total wealth.

In 2021, Elon Musk paid a significant amount in taxes, with estimates ranging from $8.3 billion to $12 billion, making it one of the largest individual tax payments in U.S. history. This substantial tax bill was primarily due to Musk exercising stock options that were set to expire, which triggered a large taxable income event.

Blablabla. Basically, believe it or not. 2,5% isn’t that big of a deal

Anon goes berserk during the monthly period and sometimes gives himself the silent treatment

Apple Vs Xiaomi. I’m writing this on a Xiaomi. Both of them likely pay the Chinese factory workers the same amount. The latter is just being a lot more competitive while Apple relies on USA politicians in order to force americans to buy Apple instead. (Huawei was rapidly crippled by banning Google from working with them once they sold more phones than Apple).

So the problem is not really the company, but the government indulging their companies.

In USA the issue is that the American people do not realise that they need to pay their politicians in order to own their politicians. In Belgium there’s a law that forces political parties to have 80% of their income come from tax money based on the amount of votes they got. In USA not even 1% of political parties their income comes from tax money. Apple basically owns the law that struck down Huawei.

And this is normal? You cannot expect Apple to be against their own interest.

It’s up to those people that suffer due to apple’s influence to take up the pitchforks and go do things that are good for their own interest.

Chinese citizens are happy, their economic gains in mere generations gained a gigantic amount. Soon factories will leave China as it has become too developed and now it is the Chinese that are the capitalists.

For example their EV market. They dominate the cobalt industry in Congo.

The 1850s Belgium gave rise to Marxism. But now that we are developed, nobody really cares about Marxism anymore.

Marxists basically hate us because they found new poor undeveloped countries that they can put their fangs in and claim that they are poor only because others are not poor.

I’m Belgian

He does understand that, why did you get 12 upvotes. You have 0 content in your comment.

Wealth inequality is the main goal to be honest. A high median net wealth so that people stop being poor in opportunity.

Belgium has 256k USD median net wealth and Germany has it at 66k USD.

Both countries have low income inequality (Belgium 0,26 and Germany 0,29 gini).

Which country would you choose to migrate to in order to increase your family’s net worth?

If you’re wealthy already then perhaps Germany. If you’re poor then probably Belgium.

Don’t get us wrong though, we do this mainly because we have an aging population and are in need of quite some immigrants that can be activated in the labour market.

The people owning the company and the people hired by the people owning the company.

It’s their property and they can choose to pay people as much as they want.

Capital gains. 2024 was a good year.

This isn’t anything a CEO decides on. That’s what governments decide on by implementing minimum wages.

I agree on having more than a livable wage as minimum wage because unproductive jobs are a waste of a human as a resource.

If the company’s owners could replace that CEO with a few people not even able to earn a livable wage, then they would. But these people wouldn’t be able to do the job.

CEOs are just another employee that went for a job interview and got the job. They get paid so that they do not leave for a better paying job.

If they want these CEOs to earn less and the below living wage people to earn more, then that will happen through tax and social transfers outside of the company. The government can do this.

How can a government tax such “talent”? If they get taxed too much, then they will go to another country.

USA taxes based on nationality, so… the person would just give up their citizenship.

Becoming CEO mainly requires you to know the country very well. The environment. So changing country and still getting a high end job might prove difficult.

The wage of a CEO is connected to the capital allocated to the location. CEOs are taxed based on the headquarters of the company far more often than not.

So there’s quite some way to even the playing field in the search for talent.

Of course places like Dubai have free game if they do not tax their CEOs at all. Then companies in Dubai become very attractive.

It’s complex, but eradicating poverty from a country will also make it very attractive to raise your kids there. Being with others on the street will be a lot more comfortable. So this makes it attractive to live in that country for rich people as well.

Really need to look at the pros and cons. The desired and undesired changes that each policy brings forth.

Then weigh them and see if this is the end result we want.

Inspired to be a rich woman like Katy Perry. She has 350 million USD net worth.

Took 2,7 seconds on le chat