Re:How to get rich without getting lucky
by Jommi on Friday June 01, 2018 @07:46AM
(#17204401)
I guess it might slow you down from getting surpr super rich, but in the end it's surely worth it.
[ Parent
| on HN ]
No. It slows you down just getting rich as well. If I want to make €5 or €10m and retire, it's inefficient to pay a lot of tax if you can legally get around it.
It's one thing to pay on gains you make after you've gotten rich, i.e. if you're making 5% a year on €10m, than on the initial capital you're building up.
But if the tax goes into something like education, it also has an accelerating effect.
I think this is an issue that just isn't that black and white as you want to portray it.