@joshglancy How about we stop whining for a second and celebrate each other’s cultures. None of us are responsible for what happened hundreds of years ago. We are responsible for what happens years from now.
It’s not great actually. Try starting a business in a country with an exit tax. Gvt in said country increases wealth tax. Your business is proven but needs scale to reach profitability. It raises capital. You own a significant portion of that capital. That capital is now taxed. Your only source of income is the salary that your company pays you. You don’t earn enough to pay the wealth tax. Now you have two choices: shut down the business and return the capital to your investors, or move to a more founder friendly country. You decide to move, but wait. There’s an exit tax on moving. That tax is set on unrealized gains on the valuation of your company. The good thing you don’t have to pay it immediately. But, should your business fail, and you still live abroad when said business fails, you are still liable to pay the exit tax. Risk/reward? Zero. Check mate.
@brainfisch@anishmoonka More laws means more bureaucracy. Reducing the number of laws will result in need of fewer bureaucrats, reduced legal complexity and more freedom.