• 0 Posts
  • 6 Comments
Joined 10 months ago
cake
Cake day: November 15th, 2023

help-circle




  • Let’s imagine you make 100k a year. You pay 50% in taxes, and then maybe 3k a month for rent food and whatever. You have 14k left for savings and investments. If you work for 45 more years, you might have a million saved up! Now you can enjoy retirement at 70!

    Alternatively, you move to (Dubai, Cyprus, Bulgaria, etc) and pay 10% in taxes. Your rent is also probably a lot less. Now you are saving 60k a year. Your savings just quadrupled! In 15 years, you will have a million dollars invested, and you can retire at 40!

    It’s clear to me that taxation is theft, and is a system for wage enslavement nowadays. They will take every penny they can, and waste it on enormous ineffeciency. Many countries offer reasonable, competitive tax rates, with good QoL, roads, health care, etc. The biggest lie we’ve been told is that paying half your salary is fair, necessary, or the moral thing to do