Comments by "Persona" (@ArawnOfAnnwn) on "Why is GIBRALTAR the most SUCCESSFUL place in EUROPE? - VisualPolitik EN" video.

  1. "Why is GIBRALTAR the most SUCCESSFUL place in EUROPE?" - Simple. Small population, shipping hub, tourist center and most of all, being a LITERAL playground for the rich (complete with everyone's favorite ingredient, low taxes). Gee, what a surprise that a territory for rich people, is rich. Woah! -_-
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  2.  @FriedrichBarb  How it looks is irrelevant. What it does is what matters. Its economy is heavily composed of high finance. THAT is the part of FOR the RICH that matters. Here's a thought experiment for you - take Gilbraltar's current economy, but raise its taxes to be in line with Spain (and especially capital gains tax). Tell me if you think it'll still be as well off as it is.
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  3.  @FriedrichBarb  Yes, as a matter of fact I do have issues with two of those four places. Switzerland and Liechtenstein are a bit different, as they actually have a decent industrial center as well. I don't hate them, but I don't hold those places (again excepting Switzerland and Liechtenstein) up as models for any nation, like this channel seems to. Also, to a certain, and varying, extent, their success (and those of other such places) comes at the expense of the places where their rich clientele actually draw a lot of their wealth from i.e. the large production and/or consumption markets that supply the world. The financialization of these small states works out well for them, but not necessarily the rest of the world.
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  4. "Why is GIBRALTAR the most SUCCESSFUL place in EUROPE?" - Simple. Small population, shipping hub, tourist center and most of all, being a LITERAL playground for the rich (complete with everyone's favorite ingredient, low taxes). Gee, what a surprise that a territory for rich people, is rich. Woah! -_-
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  5. "Why is GIBRALTAR the most SUCCESSFUL place in EUROPE?" - Simple. Small population, shipping hub, tourist center and most of all, being a LITERAL playground for the rich (complete with everyone's favorite ingredient, low taxes). Gee, what a surprise that a territory for rich people, is rich. Woah! -_-
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  6.  @karlcx  "this spanish lie" - if you're talking about me, I'm not even Spanish in the first place lol. And that's an ad hominem argument anyway. Talk about being presumptuous. Is it so hard to imagine that other people might not care for this videos' take? I don't have to be Spanish to be irritated by this channel constantly celebrating exploitative micro-states as some sort of model for the rest of us. I don't harbor any special dislike for Gibraltar, it's about all the videos this channel pumps out praising places like it.
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  7.  @karlcx  You're the rich ones bub (certainly compared to Spain). Hardly the underdog in anything but size. Kiribati is a true underdog. Gibraltar is not.
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  8. ​ @TheDizzylizzy1977  Literally all of those things are assumptions. The only part of that which is backed up by evidence is the investment part, the rest is just idealism. Investment doesn't automatically lead to job creation, as it can just as well go into either assets or just industries that need few workers (usually highly selective) i.e. capital intensive production. Spending is another assumption - the whole reason Keynes' is the worlds' most famous economist is BECAUSE spending often falls short. Not to mention spending can be also fueled by debt, and will be if income stagnates, which eventually has to be sorted out - usually in ways that increase inflation and hence punish the actually responsible people i.e. savers. Then there's your corruption point, which makes the laughable assumption that all corruption is done by govt. Only Austrians are silly enough to believe that. This whole win win situation rhetoric is just garden variety market fundamentalism. It's literally a house of cards built on thin air.
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  9. "Why is GIBRALTAR the most SUCCESSFUL place in EUROPE?" - Simple. Small population, shipping hub, tourist center and most of all, being a LITERAL playground for the rich (complete with everyone's favorite ingredient, low taxes). Gee, what a surprise that a territory for rich people, is rich. Woah! -_-
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  10. ​ @robertrandall3350  And behold yet another respondent goes off on a rant about Gibraltar in relation to Spain, despite that I never did so. I'm not comparing your beloved territory to Spain my good man. Nor am I praising Spain. Nor am I saying all Spains' problems are your doing. I also haven't said Gibraltar lacks a welfare system or social safety net, btw. As for the source of my views on it, I haven't said anything beyond what the vid itself shows. What could you do differently? Simple! Build an economy just as successful that's not composed of high finance. That's it. You still have the tourism, still have the gambling, even the ships and fish! But drive away the financial companies, and continue to prosper as much as present. Not for Spain bt, but for the world. There'd be no 'jealousy' for your success then.
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  11.  @karlcx  Lol!
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  12. ​ @karlcx  Lmao! Those "nameless" places include all the largest economies in the world. It's your piddling little territory that's truly 'nameless' lol. Sure Gibraltar doesn't need it, with its tiny population it's able to get by with little revenue. And hence attract finance companies by undercutting legitimately productive countries that produce almost everything Gibraltar actually needs to live - from food to medicines to computers to commodities galore. Even Switzerland, another tiny nation, manages to make real stuff, particularly those pharmaceuticals. But you guys gotta rely on finance lol. Can't make anything real, so you have to cater to a bunch of deal-makers looking for the most favorable places to generate their wealth and keep it to themselves. Most of their wealth is generated outside Gibraltar, which means per your laws they don't have to pay for it thanks to locating themselves under your "regulations" lol.
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  13.  @karlcx  Lol, and yet you continue to reply - just to say it's not worth replying lmao! Of course you'll never admit the real reason - that you don't have a counterargument. Butthurt little boy lol. Go on and enjoy your prosperous little parasitic territory, but don't be surprised that people outside don't think well of it.
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  14.  @emmanuelmedeiros7  Ah yes, let's just all race to the bottom to appease our corporate overlords. No thanks. I'm not interested in competitive tax cutting.
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  15. "Why is GIBRALTAR the most SUCCESSFUL place in EUROPE?" - Simple. Small population, shipping hub, tourist center and most of all, being a LITERAL playground for the rich (complete with everyone's favorite ingredient, low taxes). Gee, what a surprise that a territory for rich people, is rich. Woah! -_-
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  16.  @FriedrichBarb  Thank you for your highly intellectual and deeply thought-provoking rejoinder, Fred. It was truly insightful and perceptive. Oh look, bots have even learned sarcasm! :O
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  17. ​ @karlcx  The video itself admits they have low taxes, and especially capital gains tax (which is the one that matters most to the rich, far more than income tax). It'd be more accurate to say it's not AS MUCH of a tax haven as some other places. But also, being a tax haven isn't the only way to cater to the rich. Its economy, again also mentioned by the video, is significantly composed of high finance - that's a red flag if you ever hear it. Having an agri-business economy - okay. Having a industry/manufacturing economy - okay. Even having a services based economy is okay. But an economy based on high finance, in a small British overseas territory? Oh boy... Cos a finance-based economy is pretty much always a product purely of the laws and regulations present - there's no other reason for finance (which can be set up anywhere) to be located in such a region, so far away from the worlds' economic centers. They go there for a reason, and that reason is always suspect.
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  18.  @JeffreyJSaez  "Sadly Spain your loved nation" - I neither love Spain, nor am I Spanish. And that's an ad hominem argument anyway. Talk about being presumptuous. Is it so hard to imagine that other people might not care for this videos' take? I don't have to love Spain to be irritated by this channel constantly celebrating exploitative micro-states as some sort of model for the rest of us. I don't harbor any special dislike for Gibraltar, it's about all the videos this channel pumps out praising places like it.
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  19.  @peterp4037  Ironically this channel IS Spanish. The channel you're looking at right now is just the English version of the parent Spanish VisualPolitik channel. Whatever is said here is just a translation of what they're saying to the home Spanish speaking audience.
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  20.  @karlcx  Lol! If it were as well regulated as anywhere else, it wouldn't be in Gibraltar at all. Most places have capital gains tax for instance, but Gibraltar doesn't. Hell it doesn't even have a sales or value-added tax (not that that those matter much to finance companies anyway). Your precious little territory isn't anything special bro, except in the way it "regulates" it's businesses. The reason they're there is because of your "regulations" lol.
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  21.  @moth1498  I wasn't referring to the class makeup of the people living there, but to the basis for Gibraltar's economy. Specifically its reliance on high finance.
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