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Cake day: June 6th, 2023

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  • Aux@lemmy.worldtoTechnology@lemmy.worldEstonia | The Digital State
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    5 months ago

    I find it funny that people who think like that are from countries like the US and UK where you can live without an ID/passport your whole life. Identity theft in such countries is very common, while it’s pretty much impossible in Estonia. You should be afraid of living without a digital state and a passport in your pocket.








  • The rest of Europe has some strict protectionist policies on food imports to prop up their own agricultural economies. UK is a net importer, so it gets to buy out of both the US and EU agriculture surplus.

    Britain was part of EU just recently and still has the same policies for the most part. And being a net importer it means that prices should be higher. And they actually did increase after Brexit.

    Fly over to the US and compare prices to Mexico

    There’s no point comparing two countries so far apart in economical development. The prices in Mexico are lower because Mexican labour is much cheaper. You should compare US to similar countries like Canada or European counterparts.

    Some businesses have literally never turned a profit - Lyft, AirBnB, and Reddit

    You misunderstand their business model. You are not a consumer of their product, you ARE the product. And their business model is not to turn profit on intercations with you, but to milk venture capital. The side effect is that their actual profit is not treated as profit from tax perspective, so they have free money essentially.

    A company with a 10% profit margin in Year 1 that sees the marginal rate fall to 8% in Year 2 can’t necessarily raise prices to increase profits, because increasing prices will cut into sales volume.

    A successful management will think in decades, not years. Just like a good investor. There are good years and there are bad years, but the balance sheet must workout in the end. Also businesses has plenty of other ways to increase profits: redundancies, wage stagnation, debt, etc.

    All tax revenue must ultimately come from business revenues

    A business is a virtual entity. No matter how you twist it, taxes are paid by people. A business can’t pay shit, it’s just a record in the Company House.