EUROPEAN CITIZENS TO PAY GLOBAL TAXES
🇫🇷 France approved an amendment to tax its citizens on global income if they move to a region with tax 50% lower than France's.
🇳🇱 The Netherlands proposed a new exit tax for citizens who leave the country to pay income (and presumably capital gains) taxes for 5 years after leaving the country.
🇪🇸 Spain already taxes its citizens on global income for 4 extra years if they move to a country classified as a "tax haven".
Germany, Norway, and the UK will soon tax their citizens globally too.
I've been warning you: European countries are bankrupt and will try to seize your assets.
🇬🇧 The recent capital gains tax increase in the UK was expected to bring additional tax revenue.
Instead, high-net-worth individuals and families are leaving the country, leading to a 10% fall in net capital gains tax revenue.
Welcome to the Laffer curve, suckers.
Elon Musk Drops EPIC Interview!!! https://t.co/r8mnNMfCvx via @YouTube
This is one of the best interviews I've seen in a long time. I really like how @elonmusk continues to iterate his thinking and in so doing, is more and more able to explain the complicated companies and decisions he is making to ultimately preserve mankind, make things better on Earth and ultimately move us to a multi-planetary species.
I remember sitting with Elon in 2003, after my company, eBay, had acquired PayPal, when he first described his first three parts of his ultimate plans: create a global Cleantech company driven first by electric cars, roll out renewable energy platforms starting with solar and eventually, colonize Mars.
I said on my part I would do my best to buy time on Earth through storytelling (soon to become Participant Media), non-profit work (via the Skoll Foundation and later The Skoll Global Threats Fund) and investment in impact investing including Cleantech (in part by investing in Tesla from the start, and through Capricorn, the investment shop I started in 2000). While I and my teams continue many of those things and have come a long way, Elon has come an even longer way and has become a global figure.
It is inspiring to witness what were "back of the napkin plans" turn into tangible progress 21 years later.
I can only imagine what the next 21 years will bring.
Thank you for those of you on X who understand the bigger picture and have remained supportive of such big visions such as Elon espouses well in this interview.
How
Uruguay is a well run country, and has been for some time. 🇺🇾
Current debt to GDP is ~52%.
The all time high was ~67% in 2005.
This is very prudent and conservative management compared to most countries.
Japan's gov finances if it was a household:
$31k in annual income
$100k in annual expenditures
$700k in outstanding debt
Interest owed on debt was ≤0.1% in 2016-2021, now 0.39%, i.e. close to 10% of annual income 🇯🇵🫣
🇺🇾🙅♂️🛢️Uruguay's investments in renewables has saved an estimated US$1.6bn in fuel imports. This helps to explain why Uruguay's economy is in better shape than others in the region. Second generation investments in green hydrogen may further reduce fuel imports into the 2030s.
@saylor@twiteis@MicroStrategy Stream salaries to those who enable it. Modernise HR & payroll team to attract the brightest and best talent in the community. Make it an undeniable case study for recruitment professionals around the world. Or it didn’t happen 😉
This is just insane…
My GPT-4 coding assistant can now:
- build and design a frontend
- create a backend with working db
- correctly hook them up
- upload code to GitHub
- deploy it to Vercel
I can now build *complete* apps with nothing more than my voice.
The future is here!
Feeling like something is brewing & changing, but can’t put your finger on it? 👇
National currencies & policies are masking natural deflationary effects of tech & will continue to do so this decade.
Mutual prosperity & cheaper goods await us, but anchor ⚓️ of reference matters
YOU HAVE LESS in common with an average person from the year 2123 than with a Roman citizen from the year 23, even though the future person is 20x closer to you in time.
Don’t believe me?...
Let's blow your mind in this #Thread 🧵👇
@jb55 Congrats! Persistence pays 👏
Hope you can take your foot off the gas for a few weeks, before the next big build. Massive milestone achieved for new user growth 🚀