| ▲ | labcomputer an hour ago | |
> And a lot it is written from the perspective that large corporations are the only ones who do business throughout the EU. It's completely missed that small entrepreneurs may also want to take part. I'm not convinced that's an accident. I think politicians in Europe are just better than those in the US at hiding who they really work for. There are numerous examples of regulations in many European countries that create a glass ceiling for anyone who strives to be more than just middle-middle-class, while creating effective loopholes for the wealthy to continue multiplying their wealth. For example, the total (State + Federal) top tax rate for someone living in California or New York is not too different (maybe 2-3%) from someone living in France or Sweden. But the difference is that in California the top rate does not kick in until you earn north of $1M per year, while in Sweden or France the middle class is already paying those rates. Likewise, in the US you cannot (legally) shelter your income by declaring it to be foreign income, as you can in most European countries. That is a tax dodge not applicable to the middle class. And then we have the present discussion: The compliance costs are of course too high for any small business, so these regulations are just another form of regulatory capture to prevent anyone new from breaking into the upper class, while allowing those already there to have it easy. | ||
| ▲ | teiferer 26 minutes ago | parent [-] | |
It's a success of the upper class to pit the middle class against the lower class and the immigrants. As long as people on one "side" complain that there is too much foreign culture and they'll all be replaced and/raped and the other "side" sees the racists as their main enemy, the rich have an easy time. | ||