• 10 Posts
  • 141 Comments
Joined 11 months ago
cake
Cake day: February 26th, 2025

help-circle
  • Isn’t it pretty standard ? Finish high school at 18 + 5 years to get a master is already 23, so 24 would be a year late, that’s absolutely fine. Let’s say you retook a year to get better ranking, then spend a year as an exchange student abroad but failed due to language issue, it’s already graduating at 25. Let alone if you work aside the university which can mean you fail each year once.




  • Many actually don’t, they don’t convert (much) the capital to money, so they avoid capital gain-tax (which tends to have exception for business owner and long term holder), often they use company asset (like an average worker gets a phone, a laptop and sometimes a car, but they get a boat, a jet, and a nice house on the company budget), borrow money against stock, and actually don’t need that much of their actual money (remember that a billion is huge we don’t talk about getting a nice house, and a private jet, but multiple airliner, and a brand-new top notch hospital in the centre of an expensive city, including all worker wage for a while).

    This is why so many people support a net worth tax like if you pay less than 2% of your net worth in regular tax, then you get an extra tax to reach these 2%



  • In democracy, citizen decide how the tax money is spent by voting, usually it’s an indirect vote : you elect people to vote the budget, which makes sense considering the difficulty on the tax. But typically, left wing will put more money in education, healthcare, and rehabilitation programs while right wing will put money in police, militaires and supp rt outsourcing essential services to private corporations. Stuff can be complex as you need to pay pensions, state worker, fulfill international commitment (EU budget, NATO budget) and maintain all the existing infrastructures, and only then you can invest/re-allocate budget (which can trigger an outrage, cutting welfare expense or closing a hospital can have dramatic consequences for citizen)

    If there isn’t enough money se government can borrow money, typically they don’t go the bank but say they need X billions for Y years and find investor ready to lend them this money (it tends to be quite safe, do you foresee US or Germany not paying their debt in 5 or 10 years?) alternative is to print money (aka inflation) or raise taxes. For structural investment that will bring monee, it makes sense to pay them over 10 years with the extra tax yield thanks to the new highway/university/dam. However, it also means that instead of “taxing the rich” you borr w their money and give them back, while us commoner do n’t directly see our tax money ney back













  • I get your point about full time school which may require 2-3 years without income (even though in some countries you may keep your unemployment rights). But often, especially for shorter degrees, there is options in evening classes, whith less hours (sometimes at the price of a longer time) some would even give you real degree. Moreover, if unemployed, sometimes a 6 month training can give you the basis to be hired, either in a manual job, or to fix a missing skill on your CV


  • There’s a stereotype of Chinese brands being “low quality” which obviously isn’t always true to begin with,

    This was still debatable 10-15 years ago, but today? Huawei or Redmi do phone which compete in the same league as Samsung, BYD is leading the electric car market. (I even have a made in China Eastman guitar, for the price of the Taylor everybody has, I got a way better guitar, and that Taylor is damn great)

    Sure, there is still tons of cheap, low quality stuff on Ali Baba,it’s great for hobby crafting but China has moved toward high quality products.

    To answer your question, I expect to see a Chinese company entering the global Ram, FPGA and GPU market. Especially considering the US embargo forbidding Nvidia and Intel to export their high end products in China. Looks like a quick way to push China to grow their domestic production