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Comments by "" (@val-schaeffer1117) on "Why Is the Wealthiest Country in the World Failing?" video.
A neoliberal utopia for rich to stash their cash (like Switzerland), but lacks corporate R&D or public university research based (unlike Switzerland), is recipe for disaster. Incentive to companies with tax break, while making educated middle class to pay sky high taxes and social welfare for blue collar workforce to maintain overall prosperous society, is going to work for a while, as middle class lacks the clout of upper class and vocals of lower class. They will just silently desert your country and settle in greener pastures. It is even happening in bigger countries like Germany, with skilled Germans deserting the country, and even emerging country edcuated middle class finding it unattractive.
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The video starts mentioning the sky high salary level in Luxembourg which attracts talented professionals from all corners of the world. Yet it claims that Luxembourg has problem filling skill demands. Either the claims are false. Or the video avoids mentioning that high GDP/ capita does not necessarily mean high wealth ownership. Taxes are sky high for a volatile super competitive tech and banking hub. Dubai, Luxembourg, even Siwtzerland are high risk high return for profis, whereas Germany is low risk low return (termination is tough, taxes are high). Lux seems to be high risk, low return.
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Race to the bottom. I am sure someone from Congo considers Portugal as utopia.
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@koma9790 Ze Germans are 2nd largest immigrant in Denmark and Luxembourg, and largest in Switzerland. Hardly any Hun speaks local language.
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