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from the this-is-just-what-our-corporate-overlords-want-us-to-think dept.
You’d think striking it suddenly rich would be the ultimate ticket to freedom. Without money worries, the world would be your oyster. Perhaps you’d champion a worthy cause, or indulge a sporting passion, but work? Surely not. However, remaining gainfully employed after sudden wealth is more common than you’d think. After all, there are numerous high-profile billionaires who haven’t called it quits despite possessing the luxury to retire, including some of the world’s top chief executives, such as Amazon’s Jeff Bezos and Facebook’s Mark Zuckerberg.
But it turns out, the suddenly rich who aren’t running companies are also loathe to quit, even though they have plenty of money. That could be, in part, because the link between salary and job satisfaction is very weak.
(Score: 0) by Anonymous Coward on Tuesday December 13 2016, @01:49PM
Well, not everyone wants to be worker drones their entire lives, so the arrangement in the Netherlands isn't exactly fair. What kinds as "work" there, exactly? Working on free software projects which benefit everyone? Does non-profit stuff count, and would free software development be counted?
(Score: 2) by Immerman on Tuesday December 13 2016, @02:40PM
Well, if you don't have income, then you probably don't pay taxes.
If you do have income, then either you're working, or you're getting capital gains - i.e. profiting exclusively from other people's work. So why shouldn't you pay more taxes to society since you're profiting entirely from it's work?
(Score: 1, Informative) by Anonymous Coward on Tuesday December 13 2016, @03:20PM
In the Netherlands you pay tax on the wealth you own, independent on income. 30% based on a 4% fictional interest of all the wealth you own. So effectively 1,2%.
(Score: 1) by khallow on Tuesday December 13 2016, @03:25PM
(Score: 0) by Anonymous Coward on Tuesday December 13 2016, @03:29PM
The Netherlands tax both income and asset/wealth. But all advantages are in the income part.
(Score: 2) by mhajicek on Tuesday December 13 2016, @04:26PM
Since when has a constitutional obstruction stopped them?
The spacelike surfaces of time foliations can have a cusp at the surface of discontinuity. - P. Hajicek
(Score: 1) by khallow on Tuesday December 13 2016, @05:08PM
(Score: 2) by Immerman on Wednesday December 14 2016, @12:03AM
I don't know, the sixteenth amendment allowing for a pretty huge change in tax law - prior to that the federal government could only raise funds by apportionment amongst the states.
(Score: 1) by khallow on Wednesday December 14 2016, @01:31AM
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
(Score: 2) by Immerman on Thursday December 15 2016, @07:39PM
And today personal/corporate income tax is the government's primary source of income. I'd say that's a pretty major change, wouldn't you?
(Score: 1) by khallow on Friday December 16 2016, @05:08AM
(Score: 1) by nitehawk214 on Tuesday December 13 2016, @03:17PM
So how did you get this pile of money to make you rich without paying taxes on it in the first place?
"Don't you ever miss the days when you used to be nostalgic?" -Loiosh
(Score: 0) by Anonymous Coward on Tuesday December 13 2016, @03:26PM
I nowhere said I own a large pile of money. Also, there are enough ways to make money AND pay taxes, and still keep enough money left to end in a situation where you would like to stop working, but face the relative higher tax due to not working.
Politicians here have said often that "Working should pay off", meaning lower taxes for people who work. This is what I mean society expects you to work.
(Score: 0) by Anonymous Coward on Tuesday December 13 2016, @03:17PM
Work where you get paid a salary (through a company, or as self employed (registered business)), or an income through social security (pension, disabilities, jobless). If you work voluntary for a non-profit, you're expected to have a paid job beside it (sometimes it is possible to combine it with a social security subsidy). But many social security subsidies aren't possible if you are too rich.
Example:
We have here a discount on tax where a percent of the rent on a mortgage can be subtracted from your income. If you have no job, this can't be subtracted (no income), while you might have a lot of wealth.