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Doncarlo
Nomad Capitalist
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Comments by "Doncarlo" (@doujinflip) on "Why the Middle East Killed Zero Tax" video.
Kinda wondered why Kuwait was seen as an arrogant outlier among its Saudi-aligned neighbors, now I understand they're like the flip side of Qatar
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Live if you already have a family, horrible to try finding someone to start one with -- singles scene is full of sellers and scammers, and going out to meet anyone gets expensive quick. That is unless you can live on solely South Asian cultures and cuisine.
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Even that is changing, there are rumors of considerations on when and how much income tax on UAE residents. Real estate sales are cooling and having a pegged currency limits how much wealth they can create through financial services, so to fund further development the consumers of in-country services will ultimately have to pitch in.
1
I lived in both. Dubai is noticeably more severe, like I can feel the heat of the street through my shoes hot. Though I think summering in Doha is the worst since the prevailing winds blow it over the northern deserts first, and then once the sun sets the humidity comes onshore with a vengeance.
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Yeah the Gulf commerce culture is dominated by hustler merchants, yet it offers surprisingly inexpensive high-quality medical services. Medicines and treatments wouldn't be so affordable without "socialist" state mandates and support.
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Makes me wonder how much greater the rest of the Gulf could have been if Bahrain remained top dog like it had been historically.
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That's changing though, as oil has peaked in production as they face ultimately falling demand from the electrification of transportation. Hence why they're nlw scrambling to develop similar industries which oil-poor Dubai has become famous for.
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Yeah pretty much the only thing with 0 VAT are necessary medicine, aviation services (airline tickets and such), and some school tuitions.
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