I’d wager the author originates from some highly bureaucratic area that has decimated work via oppressive tax and regulatory policies.
Marc Andreessen expands on this more but essentially GDP growth allows for more productivity growth that wouldn’t occur without economic growth. And the more productivity growth we have the less natural resources we…
They are called dynasty trusts and the IRS allows shelter for up to only $11.7m per individual. After a google search I see there are many more states that allow them these days.
In South Dakota, there are no estate taxes and there are trusts that avoid federal estate taxes
Big pharma. They have a significant incentive to make sure that doesn’t happen.
This reminds me when I got my first job after college in America. Everyone and everything suddenly became very serious.
I think luck falls into the natural ability category.
Precisely. I even predict rates will lower under current levels before this administration heads out.
The difference is this prediction comes after a significant rise in stock markets and real estate.
> If someone buys an 8 unit condo building in 1980 and rents out each unit for a 20% profit, 20 years later they’re still making a 20% annualized profit… I can tell you don’t own any investment properties.
https://news.ycombinator.com/item?id=27665919 Great opportunity for one to start a new HN
Wow this is amazing. Hopefully we can compile a list of all the different echo-chambers(I say this in a positive context, as positive as one can anyways) that stem off from this. Ex. HN for the politically Left or HN…
What if the anti-conspiracy videos start spewing conspiracies like in this case?
Marginal for you, but not for the baker. Unless you too think 21%(+ about 9% in Cali) isn’t marginal. That doesn’t include all the misc taxes which push your overall rate of doing business closer to 50%. That’s just the…
the corner baker is a llc last I checked
I’d wager the author originates from some highly bureaucratic area that has decimated work via oppressive tax and regulatory policies.
Marc Andreessen expands on this more but essentially GDP growth allows for more productivity growth that wouldn’t occur without economic growth. And the more productivity growth we have the less natural resources we…
They are called dynasty trusts and the IRS allows shelter for up to only $11.7m per individual. After a google search I see there are many more states that allow them these days.
In South Dakota, there are no estate taxes and there are trusts that avoid federal estate taxes
Big pharma. They have a significant incentive to make sure that doesn’t happen.
This reminds me when I got my first job after college in America. Everyone and everything suddenly became very serious.
I think luck falls into the natural ability category.
Precisely. I even predict rates will lower under current levels before this administration heads out.
The difference is this prediction comes after a significant rise in stock markets and real estate.
> If someone buys an 8 unit condo building in 1980 and rents out each unit for a 20% profit, 20 years later they’re still making a 20% annualized profit… I can tell you don’t own any investment properties.
https://news.ycombinator.com/item?id=27665919 Great opportunity for one to start a new HN
Wow this is amazing. Hopefully we can compile a list of all the different echo-chambers(I say this in a positive context, as positive as one can anyways) that stem off from this. Ex. HN for the politically Left or HN…
What if the anti-conspiracy videos start spewing conspiracies like in this case?
Marginal for you, but not for the baker. Unless you too think 21%(+ about 9% in Cali) isn’t marginal. That doesn’t include all the misc taxes which push your overall rate of doing business closer to 50%. That’s just the…
the corner baker is a llc last I checked