Comments by "Samson Soturian" (@samsonsoturian6013) on "Is Ireland Really the World's Richest Country?" video.

  1. This is just another case in point that GDP is a largely meaningless metric
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  2. Apple's tax avoidance scheme works like this: US companies pay taxes on money earned abroad when it enters the US. Ergo Apple puts all the money earned abroad into Irish banks where corporate taxes are minimal, and holds it there until it is time to spend it in the US. Since Apple is an international company, some of the money never enters the US, and the money that does may be delayed for years effectively putting off the tax burden.
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  3.  @bigbarry8343  India is still dirt poor, though. That's why remote work prices are ridiculous
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  4. @daddybear236  even then it's bad, because it usually measures the value of goods if sold where produced and the cost of living varies wildly between cities. I.E. a factor in Moscow may make goods that look cheaper than similar goods made in London, but everything in Moscow is cheaper than in London so the two different GDP numbers may represent identical values. It's like how in Mexico you can eat at a restaurant for a dollar because while Mexico is poorer than the US the fact everyone's wage is s*** means the costs of essentials is also cheap.
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  5. Cost of living is less than other parts of the EU, though. It's a classic rural-urban disparity
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  6.  @R53Hole  Wealth disparity has nothing to do with cost of living versus average wages.
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  7. Machiavellianism doesn't exist. No one is going to pay taxes if they can legally get out of it
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  8. You should talk
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  9. There's no cheat code for economic prosperity. Zero sum games like tax law only gets you so far.
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  10.  @TheThreatenedSwan  come on. We all know you'd say that even if you didn't know what it was
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  11.  @benchoflemons398  Apple was by far the biggest in Ireland. There are other tax havens
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  12.  @TheThreatenedSwan  no one asked you
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  13.  @Art-is-craft  That's silly. Ireland benefits from the giant corporations moving offices into their borders. The lower you put taxes/regs, the more companies move in. You'd have to do a bit of math to figure out if this is profitable.
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  14.  @Art-is-craft  that's the whole point of the video that Ireland's GDP numbers are bunk
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  15. @Art-is-craft  Here's an easy way to figure: Rural versus urban. In urban areas cost of living is high as are wages, same goes for small decentralized cities versus big packed cities. Given Ireland's proximity to London, a guestimate of GDP based on adjusted English data will likely be more accurate than a metric tainted by tax avoidance.
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