log☇︎
943400+ entries in 0.685s
tiberiusiv: why would i move to a place that charges me 23% to buy products?
mircea_popescu: it sucks, but not for the reasons he thinks
tiberiusiv: you still didnt tell me any incentive that romania offers
mircea_popescu: i think you're basically caught in a novel
mircea_popescu: listen, there's plenty of rich people. everybody knows.
mircea_popescu: yet you're definitively telling me shit ?!
mircea_popescu: it's funny, cause i'm over here and you're over there.
tiberiusiv: theres a reason romanians have a bad reputation throughout the EU
tiberiusiv: listen youd need to hire an army of security personal in romania
mircea_popescu: better off move to somewhere where the idiots are still kept at a low roar by the traditional means of stepping on head.
tiberiusiv: the ultra rich dont mingle with the commoners lol
tiberiusiv: thats why they all live in guarded and secluded areas
tiberiusiv: they dont in the US
tiberiusiv: micrea: romanian government is too poor to run an effective welfare state
mircea_popescu: that's the incentive.
mircea_popescu: nobody rich wants to hang around with idiots.
mircea_popescu: romanian guy making ~500 usd a month is going out and fixing the park benches in his spare time with his own tools.
mod6: tiberiusiv: maybe the bahamas was a bad example. im not rich enough to know better really.
tiberiusiv: dividend income is still withheld from 99% of countries by up to 30%
mircea_popescu: let me put it in the following perspective : american guy making 1300 usd a month (mostly govt aid, he doesn't work for it) is sitting around listening to angry music and glaring at passerbys because "he's been cheated".
tiberiusiv: mod6: renouncing your citizenship to sit in the bahmas only makes sense if 100% of your income comes from capital gains
dub: an interesting thing about americans is how few of them travel
mircea_popescu: you don't want to be aroundwhen shtf.
mircea_popescu: tiberiusiv the problem with the us is that it contains ~200mn unskilled, hungry, entitled doods.
mod6: tiberiusiv: there are lots of super rich people here who renounce their citizenship and leave for a tax-haven like the bahamas or whatever.
Namworld: tiberius has hard set views about how people lives in various place of the world and living costs.
mircea_popescu: or else all the ones i know dropping it since 2005 or so are silly.
tiberiusiv: mircea: tell me what the ultra rich is gaining leaving the US?
mircea_popescu: on the other hand you impugn imaginary problems with romania on the grounds that it's not all level
mircea_popescu: on one hand you're telling me about these elusive cali estates (0.001% of us)
tiberiusiv: mircea: an ultra rich american has no real incentive to leave the US
mircea_popescu: not really the case, but anyway
tiberiusiv: the rest of the place has high levels of poverty
mircea_popescu: or so they like to think
tiberiusiv: its more sophisticated too
mircea_popescu: they may be talking a lot of shit.
tiberiusiv: my friends from there
mircea_popescu: how would you know that ?!
tiberiusiv: the same is not true for romania
tiberiusiv: you can safely drive around a ferrari in 70% of the US
mircea_popescu: if you think a gated off island is a great way to live i guess we see things too differently to discuss this productively.
mircea_popescu: tiberiusiv yes, they're cheaper inasmuch as they're made in jersey, and thus only german by name.
tiberiusiv: ultrarich live great in the US
mircea_popescu: i thought we were discussing the ultrarich here.
mircea_popescu: you're approaching the problems of infrastructure as if you're a salaried peon.
tiberiusiv: you realize german cars are cheaper in the US then in germany?
tiberiusiv: that means nothing, romania doesnt even have a developed transport network to move goods around
tiberiusiv: theres a 23% consumption tax alone
mircea_popescu: china is closer to romania than to the us you know
mircea_popescu: to get a good car in the us you have to ship it from yurp
dub: this may shock you, but I only have one television
tiberiusiv: yes. im talking about imported goods
tiberiusiv: consumer goods are very expensive in RO compared to US
smickles: given the chance to live in shit conditions on mars, i would do it
tiberiusiv: romania also has a high sales tax and income tax
tiberiusiv: US has large diversity to pick from and same language
jcpham: i want to die on mars secretly
tiberiusiv: its dangerous to be a wealthy none native
mircea_popescu: 80% of the us is a dump too, what criteria is this
mod6: well, who cares, maybe it wont be if they adopt btc
smickles: it's fucking close to water
tiberiusiv: second off, where would a wealthy american really leave too?
dub: american beer is terrible
mod6: well, im not in the category. im in the "unwashed masses" category, as mp calls it.
tiberiusiv: they have to renounce citizenship and pay an exit tax
tiberiusiv: leaving the US makes no sense for wealthy
dub: mainly due to death tax
mircea_popescu: you're better off paying the latter
mircea_popescu: tiberiusiv there's official + unopfficial
tiberiusiv: and 0 in the golden age
mod6: now they just rape you over and over
mod6: usa used to be like that
tiberiusiv: russia taxes are low
mircea_popescu: they don;t like that.
mircea_popescu: now on the other hand not payingyour taxes...
tiberiusiv: yes i guess that is true
Namworld: I think Russia beats Canada, yeah
mod6: i thought it was London
tiberiusiv: you realize canada is like the financial crime center of the world
mircea_popescu: but by now sealed deal. so probably the top 5 or top 10 stand to gain nicely.
Namworld: That's true.
tiberiusiv: mircea: canadian regulators tend to be 40 years behind anything
mircea_popescu: back when they were just bleeding market share it seemed like it's temporary
mircea_popescu: anyway, it's quite clear that mtgox is dead by now.
mircea_popescu: that'll have to be verified in practice before i take it too seriously.
tiberiusiv: mircea: there are no capital limits in canada
Namworld: With discounts for very large volumes, it works down to as low as 0.5% but you have to trade 2500+ within the last 120 days
mircea_popescu: tiberiusiv in fairness, that's prolly because they're not much used so they don't opverrun their limits
Namworld: coinbase 1% I think...
tiberiusiv: namworld: cavirtex fees are comparable to anywhere else
mircea_popescu: a makes sense to own a little then
Namworld: I use cavirtex to buy/cash out BTC as needed.
Namworld: A little bit. It's from my country so... I though I could support a bit. Not so many canadian bitcoiners yet. But fees on cavirtex are high.
mircea_popescu: tiberiusiv you quoting the girl ? :D
tiberiusiv: mircea: alot of idiot bitcoiners are dropping out from missallocating their BTCs
mircea_popescu: shame on Namworld trolling us with finance talk in this chan
dub: tiberiusiv: that is not important
smickles: mircea_popescu: "Hello? This is dog. I'm stuck in 1935. Send help" http://i.imgur.com/apaveS3.jpg
tiberiusiv: dub first off most people never agree to a law
mircea_popescu: there's never going to be a "proper" font of rights, and consequently any statement as to their origin is pretty much the same thing.