> Once you get past a few million, you quickly get into "can't possibly spend this money in several lifetimes" territory.
This is incorrect and you’re really out of touch for suggesting it.
Let’s say you have a 5 million dollar exit in the Bay Area. After tax you get roughly 2.5. That’s enough to buy a nice but modest house and now you have no money left. You now have to work a full time job to pay the property taxes, the rest of your living expenses, and try to save for retirement. Same thing applies in LA, NYC, SEA, etc.
> The US sustains that high number of people who strike $100 million+ through having a social safety net that barely exists
This is false. The US spends more on healthcare than any other nation, it just goes to a bloated system. More tax money from the 0.1% won’t change that.
> crime rates beyond most first world countries
Gonna need a citation there. This is likely a result of guns being legal if you’re talking about gun deaths or a result of the war on drugs if you’re talking about incarceration. Neither of those have anything to do with taxes.
> companies that constantly invent new evils like making all formerly paid-and-done services into monthly subscriptions
We’re talking about biotech exits. Drop your “muh capitalism bad” gish gallop.
> Few if any that hit 100 million are doing it ethically. They're doing it by milking the residents dry.
Pure cope. A broad unsubstantiated statement about ethics followed by talk of milking residents dry when those residents have more disposable income per capita than nearly anywhere else in the world.
> Some countries have national pride and resent the idea of stepping on their fellow countrymen.
If they do this by treating huge breakthroughs like you are doing, they are stepping on all of their fellow countrymen through oppressive tall poppy syndrome. Knocking anyone doing well down is not how you lift everyone up.
> Let’s say you have a 5 million dollar exit in the Bay Area. After tax you get roughly 2.5. That’s enough to buy a nice but modest house and now you have no money left. You now have to work a full time job to pay the property taxes, the rest of your living expenses, and try to save for retirement. Same thing applies in LA, NYC, SEA, etc.
So what you are saying is that ONLY if you work your brains out AND win the "lottery", then you can have a decent retirement in the US?
Maybe Europeans are just too smart to accept that kind of proposition.
The "American dream" is a lottery system used to lure people into doing hard work and consequently rewarding only a few.
This is incorrect and you’re really out of touch for suggesting it.
Let’s say you have a 5 million dollar exit in the Bay Area. After tax you get roughly 2.5. That’s enough to buy a nice but modest house and now you have no money left. You now have to work a full time job to pay the property taxes, the rest of your living expenses, and try to save for retirement. Same thing applies in LA, NYC, SEA, etc.
> The US sustains that high number of people who strike $100 million+ through having a social safety net that barely exists
This is false. The US spends more on healthcare than any other nation, it just goes to a bloated system. More tax money from the 0.1% won’t change that.
> crime rates beyond most first world countries
Gonna need a citation there. This is likely a result of guns being legal if you’re talking about gun deaths or a result of the war on drugs if you’re talking about incarceration. Neither of those have anything to do with taxes.
> companies that constantly invent new evils like making all formerly paid-and-done services into monthly subscriptions
We’re talking about biotech exits. Drop your “muh capitalism bad” gish gallop.
> Few if any that hit 100 million are doing it ethically. They're doing it by milking the residents dry.
Pure cope. A broad unsubstantiated statement about ethics followed by talk of milking residents dry when those residents have more disposable income per capita than nearly anywhere else in the world.
> Some countries have national pride and resent the idea of stepping on their fellow countrymen.
If they do this by treating huge breakthroughs like you are doing, they are stepping on all of their fellow countrymen through oppressive tall poppy syndrome. Knocking anyone doing well down is not how you lift everyone up.