• 5 Posts
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Joined 2 years ago
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Cake day: June 13th, 2024

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  • I think the key pieces of information we’re missing here is how old are you and how life changing is this money for you.

    If you’re young and poor, sock away about 2/3 of it in an index fund and 1/3 in a high interest savings. Take out loans and go chase that dream bro. Use the 1/3 in savings to cover your life expenses.

    If you’re mid life and poor, use it to bolster your retirement. Defer the dream but chase it once you’re comfortable.

    If you’re late life and poor, take lessons from a good tutor, don’t go for the Bach. Use it to subsidize Social security. Consider moving to a cheap country where that kind of money will support you for many years.

    If you’re old and well off enough - go self actualize. Time truly is the scarcest resource.















  • Historical consequences of a wealth tax:

    Country Outcome Key Effects Status
    France Low revenue, capital flight Millionaire emigration; investment decline Repealed (2017)
    Sweden Avoidance, offshore assets Wealth moved abroad Repealed (2007)
    Denmark Distorted savings High admin cost Repealed (1997)
    Germany Legal + admin issues Hard-to-value assets Suspended (1997)
    Norway Still active Some relocation; moderate revenue Active
    Netherlands, Austria, Finland, Iceland Similar issues Low yield, high avoidance Repealed

    In other words, it’s just bad tax policy, hard to track and introduces administrative burden, and encourages further obfuscation. Alternative: Income tax reform is a better solution.





  • I think this very much depends on the person. My boss is one of those types who feels more connected when he is talking around the water cooler. I am very much not. Before him as boss, I was very much thriving in a remote/travel gig, under him, I am very much not.

    Not to say I’m going to change my remote status, for one, I’m 1000 miles away. If I change anything, it would be places of employment.

    As for this infographic? Like most things in life - it depends. Figure out your boss, and your boss’s boss. Then do what you need to do to achieve your goals.