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@sim @icedquinn @Moon @romin
NK: country with tons of resources, poor as heck, basically just enough food around so people don't starve, everything is broken down, everything is dirty, everyone tries to get out
Dubai: literal desert with nothing in it (don't start with oil because that's in their neighbor emirates), built the highest building in the world, everything clean, everybody is nice, everyone tries to get in
it literally couldn't be more different
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@romin @icedquinn @Moon @sim i doubt there'll be a personal income tax ever, the corporate income tax is kind of fake and doesn't apply to most companies. It's just there because they've been pressured into doing some minimal taxation by western countries.
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@lain @icedquinn @Moon @sim
>everyone tries to get in
Does this still hold true after the CIT clusterfuck and PIT coming in 5 years? It is my understanding that people cope with the desert because no taxes, but now you got *nice* paperwork (audits, etc) and *nice* taxes to care about.
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@lain @icedquinn @Moon @sim
>i doubt there'll be a personal income tax ever
And people doubted there'd be VAT or CIT a few years ago but here we are. I'm willing to bet 10 grans (TWENTY-TWO UNITED STATES OF AMERICA DOLLARS) there'll be PIT by no later than 2030.
>corporate income tax is kind of fake
It is but it isn't. The real issue here is that you're required to produce and procure all sorts of new paperwork, auditing and all, to well, prove you aren't exceeding the threshold. This means a quite troublesome expansion of the bureaucracy and once the state has tasted blood (taxes) it won't stop. It can't stop :l_well:
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@sim @icedquinn @Moon @romin some day, i'm sure. But it's hard to see how it would happen right now. One big issue is that the current ruling class in NK gets all their legitimacy from their oppressive socialist system. It's not like in the emirates or places like qatar and saudi arabia, where the legitimacy of the rulers is completely unrelated to the social and economic system, so they can pivot without too much danger to their rule.
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@lain @icedquinn @Moon @romin When you put it that way, that is an interesting difference there.
Do you think that North Korea will be able to improve and become clean instead?
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@sim @icedquinn @Moon @romin One more interesting thing about the UAE is that it's one of the few places that makes it very easy to get a work permit for. If you can get any kind of job (even just "delivery guy"), you'll get a visa and can work legally. This is very different than european countries or america, where it's often somewhat easy to get in illegally but pretty hard to do legally, and pretty much impossible to get in legally as an unskilled worked. On the other hand, in the UAE, once you don't have a job anymore, you're expected to be able to support yourself or to get out.
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sim
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