Trboatworks
Diamond
- Joined
- Oct 23, 2010
- Location
- Maryland- USA
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
A brief quote from Haifaa Awad, but mostly from Anders Krab-Johansen. She might have been born in Syria, but she's been Danish since she was aged 7. She's at least as Danish as Gordon is and he's certainly a patriot.
Uk is not stifled by regulations, and in reading threads on here about city planning osha and other stuff in the us possibly harder. The enemy of business in the UK is crippling real estate costs.
Ive lived in France where you have low wages coupled to high tax where it does cause a problem.
. The enemy of business in the UK is crippling real estate costs..
How so? A quick look shows industrial rents in the UK, for good space ranging between $5.50 and $7.50., That might be marginally higher than rates in the US in some markets, but comparable in others for new high cube product. It looks like a minimal difference and certainly not so much that it would identified as an over arching economic issue.
Industrial Rents Map | United Kingdom | Colliers International
As for Denmark sucking, I certainty would find such a high tax environment oppressive, ours is bad enough. They are heavily taxed but the real reason they can afford the social programs is because they don't break the bank on military spending. It should be no surprise that average and below average people would love life in a heavily taxed welfare oriented social democracy.
. . . Of course, the gold standard of economic productivity continues to be set by the United States and by the city states, Singapore and Hong Kong, all of which are (relatively) low tax, low regulation jurisdictions.
My experience is based on getting reamed by real estate prices firsthand
For example my first workshop was 5000 sq ft in a poorer area. Rent was £2400 pcm(cheap) and rates £1000pcm.it was a nice building.
It got compulsory purchased so I had to move 5 miles to the mainland so to speak.
3000Sq ft shithole with leaks rent £4500 pcm rates £5000pcm. Funnily enough I threw in the towel and downsized to 1000sq ft and could get rates exemption
My former employer moved to serbia a few years back.He had paid over £20million in rates in the last thirty years .
He asked for a six month rates tax break to save the company. Council said no. Serbian government paid him to relocate. He demolished his uk facility as the rates cost
rendered it unrentable.
A lot of buildings got demolished for this very reason
We also have the secondary real estate cost problem of housing costs and the burdon this causes.
. . . It should be no surprise that average and below average people would love life in a heavily taxed welfare oriented social democracy.
No, it is bad. Every ethical system and religion since time began warns of and teaches against it. Gordon Gecko is scum. Greed is not good. Greed is evil, disgusting, despicable, destructive.That's not necessarily bad --
Singapore and Hong Kong unregulated ? Low taxed ? Can I have some of that, please ?jscpm said:Of course, the gold standard of economic productivity continues to be set by the United States and by the city states, Singapore and Hong Kong, all of which are (relatively) low tax, low regulation jurisdictions.
Here in the US some of our greatest years in terms of industrial innovation were with marginal tax rates over 2x what they are now.
That is not actually true. While technically the tax rates might have been 2X to what they are now, hardly anyone actually paid that since there were many more deductions and tax credits.
Investment credit and accelerated depreciation were two biggies in addition to substantial R&D deductions and credits.
We are actually paying a larger percentage of our total gross income in taxes at today's so called reduced rates than what we paid when the rates were the so called 2X.
We just can't compare rates since that is only a part of the story.
serious question, how would you know if someone is paying the marginal rate? who's tax returns have you access to? Unless you are tax attorney or tax accountant, the only data available is the IRS info which clearly shows top earners pay the lions share so it seems to add up that they are paying at a very high rate, although of course you can't know for sure that its at the margin rate. However, similarly, how do you know its not?
With this stuff the devil is in the details, exactly how is this suppose to happen? Often its some identifiable trick like sneaking in dividend income (ala Warren Buffet). Maybe you're right and there's some tax accountant study comparing two eras, it just usually makes doubtful around claims of what others tax returns are as the data is not available. Anecdotally, when I've made a lot of money, I've paid a lot of tax at the margin rate, it doesn't matter how many high priced advisors you talk to there is not way around it unless you want to risk the crow bar hotel, but then again I've not filed a US tax return.
Notice
This website or its third-party tools process personal data (e.g. browsing data or IP addresses) and use cookies or other identifiers, which are necessary for its functioning and required to achieve the purposes illustrated in the cookie policy. To learn more, please refer to the cookie policy. In case of sale of your personal information, you may opt out by sending us an email via our Contact Us page. To find out more about the categories of personal information collected and the purposes for which such information will be used, please refer to our privacy policy. You accept the use of cookies or other identifiers by closing or dismissing this notice, by scrolling this page, by clicking a link or button or by continuing to browse otherwise.