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If I'm young in a socialist country,...
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You are currently reading a thread in /biz/ - Business & Finance

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If I'm young in a socialist country, how can I ascend from the middle class?

Capital gains tax here is huge.
>>
>>1059646
Adding onto it:
>Free healthcare
>Free college / university
>Around 50% income tax
>>
>>1059646
move to a capitalist country and claim all expenses and benefits from the socialist.

"Travel broadens the mind commie-senpai"
>>
Get free degree, excel in your field, move to USA
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>>1059724
This
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By buying ethereum. Deadly serious answer
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>>1059646
>young
>capital gains
more like
>how can i avoid paying tax on my inheritance
>>
How are you posting from North Korea?
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>>1059739
I'm not going to buy into memes, sorry bro.

>>1059701
>>1059724
>>1059726
I don't like being into lifelong debt because I break my arm.


>>1059754
I need more money to invest though to even get started. I'm not even done with school yet, I am in a few months though. I got an opportunity to work a full-time job for a year or two before going to college, without paying any rent. I've considered saving it all and throwing it into stocks, or starting a business.
The state mildly supports entrepreneurs but hates investors.

>>1059781
Glorious socialist state of Denmark. I am more than willing to fuck off to a different country though.
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>>1059786

>I don't like being into lifelong debt because I break my arm.

No risk; no reward.

You are right where you belong pussy.
>>
Well in a socialist country that is kind of the point. You would have to create something revolutionary or unique. Or even ascend into tougher jobs. Capitalist countries have so many wealthy because so many use the state to nurture their wealth. Take the newest "investment" that the U.S. government is making in driverless cars. The pattern will follow, as it always has, that taxpayer money will fund the research and pay for the early models (despite there being no market for them yet) and funnel billions of dollars into private hands. Really the "investments" is the nice way of saying "free money to billionaires". In a socialist country, the taxpayer investment will behave more like an investment and show due returns in the form of public works improvement and social improvement.

Even the financial markets in capitalists countries use the State to nurture their gambling. The state insures a gamble, a few profit and the taxpayer subsidizes the loss. Its like going to a casino and the State promises to cover your losses. Generally the extra profit is concentrated into the hands of upper management.

So, really invent something huge or be in a crucial position or move to a capitalist country and learn how to conduct business (use taxpayer money) to turn a huge profit, at marginal returns to the taxpayer. Really thats the main difference.
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>>1059646
>>1059649
Norway?
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>>1059646
>If I'm young in a socialist country, how can I ascend from the middle class?
>Capital gains tax here is huge.

you have to go into the bureaucracy. find places in government which find many benefits and have many exemptions - also find a place where you are allowed to divy favors. then people will owe you.

going into the government is the only way to join the elite.

or find the elite families, find hteir businesses and go work for them and try to integrate yourself into their system, because they are ascended and will protect themselves from the commoners
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>>1059646
>If I'm young in a socialist country, how can I ascend from the middle class?

Become part of the State
>>
Get into the b3dt program there, yhen move to a capitalist country
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Join the party comrade
>>
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Alright alright, all i'm interested now is, how much is your personal income tax everyone? I wasn't thinking about this at all. I live with 27%.
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>>1060318
Here in Denmark, 50% is the norm.
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>>1061248
Yeah. Fuck that. I'd rather sit on razor blades.

"How can I ascend the middle class?"

Get an education and leave.
>>
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>>1059646
>If I'm young in a socialist country, how can I ascend from the middle class?
Crypto currency
Thread replies: 20
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