If you’re incapable of utilising the massive amount of capital residing in the USA, then I assume you’re an imbecile.

The country is a tax haven. Vast amount of opportunities.

Do I like my country more? Of course I do, but god damn I’m getting sick and tired of all these Americans thinking their country is bad.

You’re with 230 million adults in a country the size of Europe. Of course it’s gonna be spread out.

Median net wealth in the EU is lower than in USA (77k Vs 112k USD). PPP it’s about the same.

Europe’s for people who prefer stability. USA is for people that prefer volatile growth and crashes.

Good luck with that

Then sadly you’ll be removed from the private property because the people living there are more than capable to snap your neck with brute force. 🤗

They played too many videogames instead of learning good skills. 😥

Think the market value is about 700k euros. Let’s go to notary

You really need a safe space in order to think the vast majority of the English speakers don’t hate tankies

Communism only seems to work when you just re-name capitalism with the word communism, as china did after Mao’s era was done with 🙈

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Ouchie

Mao Zedong’s leadership significantly impacted China’s economy through several major initiatives and policies. Here are some key points:

1. Great Leap Forward (1958-1962): This was a radical economic and social campaign aimed at rapidly transforming China from an agrarian society into an industrialized one. The initiative involved the collectivization of agriculture and the establishment of people’s communes. However, it resulted in a catastrophic failure, leading to widespread famine and an estimated 15 to 55 million deaths due to starvation, execution, torture, forced labor, and suicide.

2. Economic Mismanagement: The Great Leap Forward was characterized by unrealistic targets and poor planning. The focus on increasing steel production through backyard furnaces and other inefficient methods diverted resources away from agriculture, exacerbating the famine.

3. Cultural Revolution (1966-1976): This period was marked by political instability and economic chaos. The Cultural Revolution aimed to preserve Chinese Communism by purging remnants of capitalist and traditional elements from Chinese society and to re-impose Maoist thought as the dominant ideology within the Party. The revolution however resulted in significant economic disruption and a decline in the capacity of the government to deliver goods and services.

4. Legacy and Transition: After Mao’s death in 1976, China began to transition away from his policies. The post-Mao era saw the introduction of economic reforms and a shift towards a more market-oriented economy, which led to rapid economic growth and development.

Overall, Mao’s policies had a profound and often detrimental impact on China’s economy, leading to significant setbacks and human suffering. The post-Mao reforms were crucial in reversing these effects and setting China on a path of economic growth.

1,13% increase today. People on Lemmy seem to be a bit wrong.

Buy stocks in uncertain times and gold in certain times. Seems pretty logical to me.

I told my buddies to buy. They did not. I started investing in stocks at 30 march and was 6k euros deep before the crash. Went all in because 2/3rd of the time doing lump sum beats DCA. So during a crash, it’s likely to be a really good choice.

ATM I have 8,47% total profit on 22,3k euros investment in STOXX 600 etf. This thing has 0,07% TER and I do not even pay taxes on the dividends within my own country. Only at the initial source. My country has no capital gains tax and it’s an accumulating ETF.

I’m quite amused by Trump’s shenanigans causing hysteria.

There’s a large anti-AI movement on Lemmy. I assume you are aware of this? This is a left wing social media platform. The original creators did this so that communists had a safe space without any authority other than themselves being able to censor them.

I have subtle and nuanced criticism on Lemmy, mainly I just bait people into banning me. As it’s entertaining to see how easily people that desire such power will start abusing them.

There’s no freedom of expression when the ability to censor is so easy to do.

Freedom of speech has always been measured by how much you allow someone to say something that you do not want to hear.

That’s basically Lemmy/Reddit in a nutshell to be honest

If you test their opinion on AI, they will dismiss the answer of AI because “it hallucinates”.

Short term, that actually will happen. Long term, new trading routes will occur.

Reason why would be that not producing could cost more than producing at a loss.

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I’m giving my child a house 😁

That approach should be the standard, not talking bout minimum wages when it’s clearly just a symbolic euro. Your country doesn’t have a real minimum wage so you cannot use it in calculations.

Aight, now you need to figure out why this is the case. Real estate went up in value. Why is that?

Your country has a lot of capital. Like 550k euros per adult. In a country of 230 million adults or such. It’s all residing at top 1 to 10% because they live in USA for its legislature.

If you change the legislature then they’d flee to other parts of the world. Such as Ireland.

I’d say go and learn French and move to France. They have the highest taxes in the world. Bonjour Duolingo, comment çava?

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