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Re:My Path to Financial Independence as a Software Engineer by bjornsing on Sunday December 26, 2021 @06:35AM (#29691554)
> Disclaimer: I acknowledge that I’ve been very privileged, especially in the educational opportunities I’ve had.

This might sound reasonable from a US-centric perspective, but to me it reads like utter nonsense. The main privilege here is access to the US labor market and tax policy. There are no stories like this one where I live (in Sweden). Absolutely none.

Re:My Path to Financial Independence as a Software Engineer by CodeGlitch on Sunday December 26, 2021 @07:22AM (#29691845)
The modern "progressive" thought-process is to feel guilty about having a good education. I went to private school in the UK and the only thing I feel is infinite gratitude to my parents for forking-out the money to send me there (they were not rich, they were both teachers).
Re:My Path to Financial Independence as a Software Engineer by onos on Sunday December 26, 2021 @08:30AM (#29692225)
There is a lot of encouragement of guilt in the USA today. In general, shouldn’t we embrace a value system that encourages good behavior? Eg honor those who do relatively well in life, given the circumstances they are born into?

The immediate leap to discredit the success of others through assertion of privilege seems like it would discourage doing well.

A better solution imho would be to celebrate success but to also encourage the successful to share their insights with others so as to spread the fortune - much as the author of this post has done.

Re:My Path to Financial Independence as a Software Engineer by throw_nbvc1234 on Sunday December 26, 2021 @09:50AM (#29692761)
I agree with you in general but a useful question to ask is: How easy is this to do outside of tech (and other competitive industries like finance)? Competitive industries have high upside but inherently have limited opportunities at the top.

You even see in this thread how people within tech but unable to pull FAANG salaries see this story as impossible. It's one viewpoint to think that it's possible for everyone to become skilled enough to work at a FAANG-like job (including passing the interview); probably correct so some degree. It's another (less rational) to think that every software engineer can work at FAANG-like jobs simultaneously; there just aren't enough positions.

This gets even more dire outside of tech. What job are you going to switch to every 3 years that nets you a 30% salary increase? If that kind of opportunity was wide-spread, there would be a lot less income inequality (or at least more social mobility).

Re:My Path to Financial Independence as a Software Engineer by 2-718-281-828 on Sunday December 26, 2021 @03:11PM (#29695854)
> but to also encourage the successful to share their insights with others

laughing my ass off ... I expect the successful first and formost to share their success through actually paying taxes - then we can talk about their advice which won't be useful for the majority anyway b/c success in monetary terms is always defined by being focused on a minority.

Re:My Path to Financial Independence as a Software Engineer by VirusNewbie on Sunday December 26, 2021 @05:38PM (#29697043)
I'm not sure where you live, but in the US, the government has done a terrible job with capital allocation and for every dollar given to the government in taxes what % do you think goes to helping those in need who deserve the help?
Re:My Path to Financial Independence as a Software Engineer by 2-718-281-828 on Sunday December 26, 2021 @06:10PM (#29697267)
so, charities and donations instead?
Re:My Path to Financial Independence as a Software Engineer by mrVentures on Sunday December 26, 2021 @07:33PM (#29697768)
I would certainly go with a givewell approved charity before donating my money to the government
Re:My Path to Financial Independence as a Software Engineer by deagle50 on Sunday December 26, 2021 @03:01PM (#29695791)
Completely agree. This guilt culture is little more than an attempt to retain the benefits of the "privilege" vs sharing the spoils with the less fortunate.
Re:My Path to Financial Independence as a Software Engineer by paulryanrogers on Sunday December 26, 2021 @10:22AM (#29693049)
> A better solution imho would be to celebrate success but to also encourage the successful to share their insights with others so as to spread the fortune

Ideally yes. Though IME often the advice isn't applicable, so beyond a few fundamentals they break down. For example I cannot un-have kids, and getting a master's or doing a startup on the side would basically require neglecting them for too long. (Or quiting my day job and burning through our savings.) Lifestyle advice like modest living or moving far away also requires buy in from an SO or a painful break up/divorce. It's also a risk since they may change their mind early in the plan. Or they may decide the outcome wasn't worth the sacrifice and want to (or you to) return to the grind.

Re:My Path to Financial Independence as a Software Engineer by DarylZero on Sunday December 26, 2021 @04:58PM (#29696785)
"Doing well" isn't "good behavior" because it's mostly winning zero-sum games.

Also LOL @ "insights"

Re:My Path to Financial Independence as a Software Engineer by simpleguitar on Sunday December 26, 2021 @11:44AM (#29693916)
I disagree with everything you've said.

The only difference between myself and my other friends (who also have advanced degrees from top universities in the bay area) is that I abandoned my field of study and jumped into tech.

After 10 years, we have vastly different financial outcomes now.

A lot of hard working, well educated, dedicated people struggle financially around here, because they happened to not choose tech.

Add in the teachers and other under-appreciated careers, I do feel guilty that I should have so much, and they so little.

Re:My Path to Financial Independence as a Software Engineer by jackcosgrove on Sunday December 26, 2021 @12:41PM (#29694438)
Part of working smart rather than working hard is seeing the salary signals the market is sending and responding to them strategically. This is worth more than mastering a skill that is saturated with competition relative to demand.

It took me a long time to accept this as I was wedded to the idea that hard work and skill alone should be well compensated. But that hard work and skill needs to be pointed in a good direction in the first place.

Re:My Path to Financial Independence as a Software Engineer by WastingMyTime89 on Sunday December 26, 2021 @02:57PM (#29695753)
> This is worth more than mastering a skill that is saturated with competition relative to demand.

The job market is not an efficient market. It doesn’t respond to offer and demand signals.

Nurses have been in short supply in most of the developed world for the past three decades yet are still paid peanuts. It’s all about your proximity to the handling of money and historical trend. That’s why even people doing menial jobs in banking are well compensated while people working in heavy industries are paid relatively little compared to the complexity of their jobs.

Re:My Path to Financial Independence as a Software Engineer by simpleguitar on Sunday December 26, 2021 @01:56PM (#29695203)
My grief (and grieving) is not with this.

If you had an advanced degree in math or physics, hedge funds in NYC was always an option to maximize your talent in exchange for money. But one also had an option to choose something different and still make an upper middle class living.

It seems these days, only the finance/tech offer such living. NOT choosing tech is choosing barely middle class living, and everyone else is delegated to hand-to-mouth living.

Re:My Path to Financial Independence as a Software Engineer by deagle50 on Sunday December 26, 2021 @03:39PM (#29696096)
Where I live (DC) most people are not in tech and they still have an upper middle class lifestyle working for the Federal government or a contractor (in a non-tech role). Nationally, purchasing power has been declining for many years.

Besides Fed Gov, Tech/finance are the probably the only sectors left with large work forces, great margins, a culture of rewarding talent (vs health care for example), AND rooted in the USA (vs manufacturing and heavy industry). These factors combine to create a super class of tech/finance labor.

Re:My Path to Financial Independence as a Software Engineer by ak217 on Sunday December 26, 2021 @11:46AM (#29693937)
There is a difference between acknowledging privilege and feeling guilty.

I got a fantastic education at two of the best public universities in the US, mostly funded by public money. Do I feel guilty about it? No. But I acknowledge that it was only possible because of policy choices made by Americans who came before me.

Re:My Path to Financial Independence as a Software Engineer by yobbo on Sunday December 26, 2021 @09:11AM (#29692467)
> good education

"Good" education alone is not a meaningful predictor of anything, in Europe at least.

So the guilt is about receiving the correct credentials to be granted further access to jobs and opportunities. It seems in UK/USA, "good education" is used as a euphemism for "received privilege".

Re:My Path to Financial Independence as a Software Engineer by Aeolun on Sunday December 26, 2021 @10:40AM (#29693239)
Because everyone (or at least, like 40%) in Europe has what I consider to be a great education.
Re:My Path to Financial Independence as a Software Engineer by DarylZero on Sunday December 26, 2021 @05:03PM (#29696811)
That's not even the same thing. "Education" is a code-word for credentials. Education is "good" insofar as the credentials are exclusive.

It's the pretense of the credentialing organizations to have a monopoly on education.

Re:My Path to Financial Independence as a Software Engineer by malnourish on Sunday December 26, 2021 @08:30AM (#29692224)
Where are people asked to feel guilty specifically about the fact they received a good education?
Re:My Path to Financial Independence as a Software Engineer by cpursley on Sunday December 26, 2021 @10:47AM (#29693304)
For similar reasons they're supposed to feel guilty for being born into a particular race.
Re:My Path to Financial Independence as a Software Engineer by borski on Sunday December 26, 2021 @12:03PM (#29694099)
You are equating guilt with acknowledging privilege, and those aren’t the same. I feel privileged for having gone to MIT, and acknowledge that privilege. I feel privileged for having grown up Jewish and white-appearing, and acknowledge that.

I feel guilty for neither, and acknowledging that particular privilege takes nothing away from how hard I worked anyway. The son of two very poor Russian Jewish immigrants, I worked extremely hard to get to where I am. I also feel privileged for growing up in a loving and non-abusive family.

Lots of people don’t have those things, and I’m thankful I did. That’s not guilt.

Re:My Path to Financial Independence as a Software Engineer by notreallyserio on Sunday December 26, 2021 @01:14PM (#29694821)
> You are equating guilt with acknowledging privilege, and those aren’t the same.

This is one of those fundamental misunderstandings I see when discussing things with folks of a particular political persuasion. It's the same folks that belueve we shouldn't consider outcomes when evaluating processes. There's just something different about the way they think, I guess.

Re:My Path to Financial Independence as a Software Engineer by anamax on Sunday December 26, 2021 @02:14PM (#29695345)
> You are equating guilt with acknowledging privilege, and those aren’t the same.

When someone says "check your privilege", they're saying that you've done something wrong and should feel guilty.

Re:My Path to Financial Independence as a Software Engineer by vanusa on Sunday December 26, 2021 @05:21PM (#29696935)
When someone says "check your privilege", they're saying that you've done something wrong and should feel guilty.

This shouldn't be downvoted. It's become a socially acceptable insult, in some circles (which basically means the receiver is less empathic / socially aware than thou) -- or at the very least, a thought-terminating cliché.

I know there's a bunch of nice and wholesome stuff it's supposed to mean (like the sibling commenter points out); but the way it's typically bandied about in modern discourse (as an STFU signal, more or less) -- it isn't what it really means.

See also:

https://en.wikipedia.org/wiki/Thought-terminating_cliché

Re:My Path to Financial Independence as a Software Engineer by borski on Sunday December 26, 2021 @02:35PM (#29695538)
No, they aren’t. They are saying you should consider if and how your privilege helped you out, because sometimes that isn’t transferable to other people; someone black in a job interview may not have the same experience someone white does, and that’s okay, but it’s important to recognize if and how being white helped so that someone who isn’t white can account for that and adjust.

It has nothing at all to do with guilt.

Re:My Path to Financial Independence as a Software Engineer by anamax on Sunday December 26, 2021 @04:49PM (#29696719)
> They are saying you should consider if and how your privilege helped you out

Yes, they are. "Check your privilege" is often used to say "you didn't do that."

Even if you assume that "privilege" is a big reason why you had an opportunity, there are almost always many people with the same "privilege" who didn't do said thing.

Moreover, it's almost always some skin color argument. There are many "don't look white" people who had privileges that I didn't have but I'm supposed to "check my privilege."

Re:My Path to Financial Independence as a Software Engineer by borski on Sunday December 26, 2021 @10:15PM (#29698727)
The idea is simply to acknowledge where your privilege helped you, and how others may not have had the same experiences or ease of access to certain things, etc.

The trope of “he’s black and rich, and I’m white and poor” is irrelevant, as there are different kinds of privilege. In rural Alabama, being white and poor is going to lend you a much closer set of relationships than being black and rich. In SF, it may be the other way around - the point is everyone should simply be aware of how various privilege has helped them.

And again: this takes nothing away from hard work. It simply acknowledges that another person who worked just as hard but had a different set of lived experiences and privileges may not have the same result. That’s not bad; just fact.

And again: it has nothing to do with guilt. You shouldn’t feel guilty about it; ~everyone has some kind of privilege. But ignoring it or pretending it doesn’t exist is the exact opposite of the point, which is, at the end of the day, an exercise in empathy.

Re:My Path to Financial Independence as a Software Engineer by anamax on Monday December 27, 2021 @01:22AM (#29699987)
Bull. I've seen "check your privilege" used to shut people down, to shame them, etc. I've never seen it used as a positive thing.

It's telling that you really want to say that no black person has privilege. You'd certainly never tell one to "check your privilege."

How much time have you actually spent in rural Alabama?

I say that because the most racist places in the US are urban, the NE and the coasts, not the south. Yes, there are racists everywhere, but the only places where blacks and whites interact productively at scale are in the south.

Re:My Path to Financial Independence as a Software Engineer by borski on Monday December 27, 2021 @03:34AM (#29700635)
Calm down, and stop assuming malice where there is none, please.

Firstly, I never implied or said that no black person has privilege.

Second, my entire point that you seem to be missing is that everyone should recognize what privilege they do have and have benefited from.

I’ve spent plenty of time in the South; I am not implying there is no way for a black person to interact productively with white people in the South. I am suggesting that, generally, in a lot of rural areas of the South, being white lends you more “immediate credit” than being black.

And, to your point, that was but one example. I could have said “inner cities,” and made the same point. That does not, in any way, change the point; it only serves to reinforce it.

Re:My Path to Financial Independence as a Software Engineer by anamax on Monday December 27, 2021 @10:06AM (#29703033)
I get that you want to be a white knight but you're defending malice, said defense being that you can imagine that "Check your privilege" being used differently than it actually is.

And, you've yet to explain what good comes from said "recognition". What, exactly, do you want me to do differently because I benefitted from succeeding in a situation that actually was available to many? (I'm pretty sure that you won't be satisfied with me just saying "hey, I built on stuff that had happened before.")

Yes, there are lots of places where being white lends you more credit than being black. Similarly, there are lots of places where being black lends you more credit. So what?

My point is that the south tends has more successful interaction than the north. That's actually more true in the rural areas.

Re:My Path to Financial Independence as a Software Engineer by borski on Monday December 27, 2021 @04:09PM (#29706804)
I don’t think we’re going to agree here, even though I’ve tried to find common ground a few times. The good that comes from recognition is being able to place yourself in someone else’s shoes and empathize better with their lived experiences, thus enabling you to better understand their situation. If you don’t find that worthwhile, I don’t think I can convince you to.

But, for what it’s worth, I’m certainly not trying to be any kind of “knight.” I’m just trying to have a calm and open discussion.

Re:My Path to Financial Independence as a Software Engineer by anamax on Friday December 31, 2021 @09:20PM (#29754799)
> I don’t think we’re going to agree here, even though I’ve tried to find common ground a few times.

You've repeatedly said that "check your privilege" is used in ways that it isn't used and denied that it is used the way it is used. My "ground" is reality.

> The good that comes from recognition is being able to place yourself in someone else’s shoes and empathize better with their lived experiences, thus enabling you to better understand their situation.

That's all well and good. The reality is that it has nothing to do with how "check your privilege" actually works.

I note that you didn't both to come up with anything other than your opinion to support your interpretation. Meanwhile, I've provided cites showing that you're wrong, by proponents of "check your privilege".

There's also the Atlantic article.

Can you point to ANYONE who interprets "check your privilege" the way that you do? (In fact, even you don't, as your refusal to use it with POC demonstrates.)

Re:My Path to Financial Independence as a Software Engineer by vanusa on Sunday December 26, 2021 @05:26PM (#29696966)
It has nothing at all to do with guilt.

Guilt is too strong of term. But it is very much used as a kind of penalty box, or way of distancing the receiver from the speaker. And as far as enlightening those who supposedly need uplifting to the higher, more evolved plane that the speaker inhabits -- it just doesn't do much.

Re:My Path to Financial Independence as a Software Engineer by borski on Sunday December 26, 2021 @10:17PM (#29698738)
I agree people often misuse it, in the same vein that people often misuse other “you are the other” type arguments like equating conservative with Trumper or liberal with “socialist” or pick your favorite.

But it’s misuse shouldn’t change the meaning of its intent. At least I hope it doesn’t, because I believe there is still value in empathy.

Re:My Path to Financial Independence as a Software Engineer by anamax on Monday December 27, 2021 @01:31AM (#29700030)
> But it’s misuse shouldn’t change the meaning of its intent.

The use is the intent. And it's used as a weapon.

Notice when it's used, and when it isn't. (You'd never say it to a black or brown person. Did I have "privilege" when I lived in a labor camp?)

> At least I hope it doesn’t, because I believe there is still value in empathy.

There is value in empathy, but "check your privilege" isn't empathy.

You know nothing about my "privilege". You have no basis for telling me to "check my privilege" and saying that only proves that you not only have no empathy for me, you have no interest in me except to accomplish your political goals.

Re:My Path to Financial Independence as a Software Engineer by borski on Monday December 27, 2021 @03:37AM (#29700650)
I absolutely would, and have, said it to people of color when it applied. (Although, admittedly, I have never phrased it as “check your privilege” because of precisely this vitriolic response which defeats the purpose; I normally phrase it as a question about if any exists)

I didn’t say anything about your privilege. Were I to, I would be asking. There is nothing here to be defensive about.

I have no political goals here. We’re having a non-political discussion.

Re:My Path to Financial Independence as a Software Engineer by vanusa on Monday December 27, 2021 @08:11AM (#29702200)
"I absolutely have said it ... but actually I've never said it"?

"This is not a political discussion" when in fact it's about one of the most hot-button political topics ever devised?

I'm lost.

Re:My Path to Financial Independence as a Software Engineer by borski on Monday December 27, 2021 @10:12AM (#29703077)
Privilege as a concept, and acknowledging what privilege one has, is what we’re discussing. The particular phrasing is less important than the idea, and that appears to be the disconnect.

Use whatever phrasing you want, and it doesn’t have to be politicized. But when describing an experience, and particularly when trying to provide advice to others to do similarly, or when trying to glean information from your experiences that might be applicable to others… yes, check your privilege to see how said privilege may not apply to others’ lives.

That is all. What we’re discussing isn’t, at its core, a “hot-button political topic.” You are making it that.

Re:My Path to Financial Independence as a Software Engineer by anamax on Monday December 27, 2021 @11:12AM (#29703650)
> That is all. What we’re discussing isn’t, at its core, a “hot-button political topic.” You are making it that.

The phrase was invented as a political tool. Disagree? Provide cites.

I'll start - https://checkyourprivilege.co/ , https://www.amazon.com/Check-Your-Privilege-Live-into/dp/099... , and https://www.amazon.com/Check-Your-Privilege-Lean-discomfort/... .

Re:My Path to Financial Independence as a Software Engineer by vanusa on Monday December 27, 2021 @03:39PM (#29706535)
Privilege as a concept, and acknowledging what privilege one has, is what we’re discussing.

Actually we were specifically discussing the "check your ..." phrase in current usage, expressed as an imperative. Not privilege as a general concept.

And yes, the "phrasing of phrase" is the whole point of the phrase. Along with of course, who is saying it and to whom. Especially when the recipient most likely wasn't asking you to "provide advice" to them in the first place, now were they.

BTW here's what seems to be the definitive article on its origin:

https://www.theatlantic.com/politics/archive/2014/05/what-th...

You are making it that.

It wouldn't hurt you to check the button-pushy, "you're the problem" vibe on that statement. If you don't mind a bit of advice.

Re:My Path to Financial Independence as a Software Engineer by borski on Monday December 27, 2021 @04:10PM (#29706813)
I don’t think we’ll agree here, but point taken at the end - I shouldn’t have said “you are making it that.” Apologies - I was getting a little annoyed.
Re:My Path to Financial Independence as a Software Engineer by anamax on Monday December 27, 2021 @11:44AM (#29704004)
> But when describing an experience, and particularly when trying to provide advice to others to do similarly, or when trying to glean information from your experiences that might be applicable to others… yes, check your privilege to see how said privilege may not apply to others’ lives.

I teach people how to do things and "privilege" doesn't come into it. It is neither necessary nor sufficient.

There are always lots of folks with "privilege" yet the only thing that actually matters is whether you can do the work and actually do.

Re:My Path to Financial Independence as a Software Engineer by DangitBobby on Sunday December 26, 2021 @04:16PM (#29696460)
It does have something to do with guilt, because the ultimate concession of acknowledging privilege is that you didn't truly earn your advantages, which is a root cause of perpetuated injustice. That's where the guilt lives: being the beneficiary of systematic injustice. This doesn't make you a bad person, of course; pretty much anyone in a position of privilege will capatalize on it, as that is human nature.
Re:My Path to Financial Independence as a Software Engineer by borski on Sunday December 26, 2021 @10:16PM (#29698732)
Acknowledging privilege doesn’t imply you didn’t earn your advantages; it implies there were some that were handed to you. Plenty of others need to be earned.

It is rare, extremely rare, to meet someone with absolutely no privilege, and that isn’t a place to aspire to.

Re:My Path to Financial Independence as a Software Engineer by totetsu on Monday December 27, 2021 @06:44PM (#29708364)
Does "I acknowledge my privilege" = "I feel guilty" ? Seems like these are two unrelated sentiments..
Re:My Path to Financial Independence as a Software Engineer by azth on Monday December 27, 2021 @09:48AM (#29702874)
> The modern "progressive" thought-process is to feel guilty about having a good education.

This is what happens when there is a lack of religion and belief in God. In Islam, we know we're going to be asked about the blessings that were bestowed on us, no matter how small, so it's always in the back of our mind that we should be grateful to God, and to use those blessings in the ways of good, not evil.

Re:My Path to Financial Independence as a Software Engineer by cpursley on Monday December 27, 2021 @06:23PM (#29708220)
The atheists are downvoting you but I find it pretty interesting. Can you link to more info / verses about getting asked about blessings? I assume this is after dying and being asked by God. Sounds like a form of gratitude.
Re:My Path to Financial Independence as a Software Engineer by azth on Thursday December 30, 2021 @01:23PM (#29739588)
Sure.

* https://quran.com/102/8 (the worldly pleasures include: health, wealth, free time, food and drink, safety, housing, etc.)

* https://quran.com/90/8-18

* https://sunnah.com/riyadussalihin:407

Re:My Path to Financial Independence as a Software Engineer by joebiden2024 on Sunday December 26, 2021 @04:26PM (#29696535)
You can get a good education at public institutions lol. I’ve only gone to public schools.
[dead]
Re:My Path to Financial Independence as a Software Engineer by solveit on Sunday December 26, 2021 @07:58AM (#29692041)
Yes yes, in the end everyone's success can be distilled down to luck or environment (which we were born into so also luck) or inborn qualities (which are also luck). Merit does not exist and everything is luck.

Or we could notice that merit is still a useful concept, that good decisionmaking is a skill regardless of whether everyone is in a position to use it, and that the previous poster's parents made decisions that were highly beneficial to their child, above and beyond what other parents in comparable situations might have, and that the poster is quite right to be thankful for that. Which funnily enough is the only opinion they voiced, so it's rather a mystery what your needlessly nasty comment is replying to.

Re:My Path to Financial Independence as a Software Engineer by wiseowise on Sunday December 26, 2021 @11:21AM (#29693670)
Who cares? You can only be proud of your achievements if you were born the bottom of the bottoms?
Re:My Path to Financial Independence as a Software Engineer by marcellus23 on Sunday December 26, 2021 @07:54AM (#29692018)
It’s also not his fault at all.
Re:My Path to Financial Independence as a Software Engineer by whimsicalism on Sunday December 26, 2021 @07:59AM (#29692042)
Nobody said it was "his fault" and that is obviously not the point of the acknowledgement starting the post.
Re:My Path to Financial Independence as a Software Engineer by refurb on Sunday December 26, 2021 @09:26AM (#29692586)
So you agree he shouldn’t feel guilty.
Re:My Path to Financial Independence as a Software Engineer by whimsicalism on Sunday December 26, 2021 @11:13AM (#29693587)
Guilty? No. Lucky? Yes.

I think the point of privilege discourse is to undermine the notion of moral "desert," not to encourage guilt over something beyond your control.

Re:My Path to Financial Independence as a Software Engineer by hhmc on Sunday December 26, 2021 @10:09AM (#29692925)
Sure, but thinking privilege is equatable to guilt is missing the point.
Re:My Path to Financial Independence as a Software Engineer by marcellus23 on Sunday December 26, 2021 @11:05AM (#29693500)
I don’t think anyone said that. Lots of people _do_ think you should feel guilt for privilege. Pretending those people don’t exist isn’t helping the progressive movement. It’s important for progressives to acknowledge and counter the people who wave the progressive flag but espouse the opposite of progressive ideals.
Re:My Path to Financial Independence as a Software Engineer by whimsicalism on Sunday December 26, 2021 @11:18AM (#29693633)
I disagree. I see vastly more people claiming that privilege acknowledgement is tied in with guilt who oppose the notion of "privilege" than I see "lots of people" espousing the notion of privilege guilt who actually think we should talk about privilege.

I don't personally believe in reparations as commonly framed, but saying that reparations ought to be paid is also not the same thing as saying people should feel guilty for actions they didn't take.

> It’s important for progressives to acknowledge and counter the people who wave the progressive flag but espouse the opposite of progressive ideals.

I think this can be taken too far. Disavowal can be important at times, but I find there is often a trend among the Right to highlight random views held by an extremely small minority of people (ie. a single tweeting American among 315 million Americans) and demand a disavowal of that rhetoric. I think this is in bad faith.

This comment thread, in my view, is emblematic of this in that simply by using the word "privilege" we are now being asked to disavow something that some nebulous "lots of people" attach to that word, even though the word was clearly not being used in that context here.

Re:My Path to Financial Independence as a Software Engineer by marcellus23 on Sunday December 26, 2021 @11:51AM (#29693976)
Frankly, it’s not a strawman. Look on twitter and you’ll find plenty of evidence of that kind of thinking.

> but I find there is often a trend among the Right to highlight random views held by an extremely small minority of people (ie. a single tweeting American among 315 million Americans) and demand a disavowal of that rhetoric. I think this is in bad faith.

Agreed. Where I disagree is that the left doesn’t do this exact same thing, or that these views are held by “a single tweet” and not, say, entire online communities.

For the record, I generally agree with you, but to the same extent that avowal can go too far, it is very easy to go too far in assuming all ridiculous positions on our side are strawmen. A lot of people do think that way. Nothing wrong with acknowledging privilege — but you don’t need to feel personally guilty over things out of your control like your inherited wealth or your skin color. I think we can all agree on that.

Re:My Path to Financial Independence as a Software Engineer by hhmc on Sunday December 26, 2021 @11:19AM (#29693636)
> Lots of people _do_ think you should feel guilt for privilege.

Except I don't see anyone in this comment thread actully expousing that belief. I _do_ however see a lot of people strawmanning it.

Re:My Path to Financial Independence as a Software Engineer by marcellus23 on Sunday December 26, 2021 @11:53AM (#29694009)
This thread does not contain the entirety of discourse about privilege.
Re:My Path to Financial Independence as a Software Engineer by hhmc on Sunday December 26, 2021 @12:39PM (#29694426)
Sure, but that's a thought-terminating argument.
Re:My Path to Financial Independence as a Software Engineer by marcellus23 on Monday December 27, 2021 @12:41PM (#29704652)
No it’s not. We’re debating about the ways people think about privilege. There’s no requirement that those ways are all expressed in this particular thread. It doesn’t terminate anything — the discussion can continue, but “I don’t see an example of that right here” is not a counter argument.
Re:My Path to Financial Independence as a Software Engineer by joshuamorton on Sunday December 26, 2021 @12:46PM (#29694498)
That's literally what the first two comments on this thread say.
Re:My Path to Financial Independence as a Software Engineer by miskid on Sunday December 26, 2021 @11:04AM (#29693493)
The opportunity described is only common in a handful of companies in handful of cities. Outside of this it is going to be rare even in the US. Since Sweden doesn't have a large presence of these companies you are going to have to move to for example Zurich or London for it to be common. It isn't a Sweden versus US thing, it's a "achieving a high level in a major company that gives you stock" versus not. The opportunity still exists in Stockholm but requires more achievement, effort and luck because it is less common in absolute terms.

That said it sucks to work in Sweden because it's all about making money through inheritance, housing, stocks or contacts. But I guess that is how it is in many places these days.

Re:My Path to Financial Independence as a Software Engineer by fragmede on Sunday December 26, 2021 @03:41PM (#29696109)
GP poster is also incorrect. Prior to his passing, famous DJ Avicii is estimated to have an estate of 50 million USD; well-off enough to never work again if he didn't want to. There's also, y'know, the Royal Family. GPs post would lead you to believe that Swedish society is flat, but there are absolutely bank managers (or something, I never got a chance to ask) running around driving Porsches while the rich plebs own thirty year-old cars, or don't own cars and take public transit. There are people who can skip the line to getting housing in Stockholm by buying a flat instead of waiting in line for years for a rental property. 20-year olds in the technology field are still much better off, economically, than someone who's chosen to be circus performer or artist.

However, a world-class DJ and the fact that some people are richer than others doesn't really contradict the claim that Sweden is much more egalitarian, and my previous points need to be examined within the broader culture of Sweden and Scandinavia in general. (Many Swedes commute daily into Denmark.) Having a car is convenient, but thanks to a world-class public transportation network in Stockholm, rather unnecessary. Car ownership is thus less of a deal compared to much of the US. While the privileged in Silicon Valley are trying to get "fuck you" money (more eloquently expressed as Financial Indpendence / Retiring Early - FIRE), the older Swedes I met still work, and are most proud of the days or week off their job affords and middle-class people are able to travel more than I see Americans (though a lot of that is cultural, but time off work and plane tickets+hotel is expensive).

Re:My Path to Financial Independence as a Software Engineer by beaconstudios on Sunday December 26, 2021 @07:46PM (#29697839)
brb, becoming a member of the Swedish Royal family.
Re:My Path to Financial Independence as a Software Engineer by MichaelRazum on Sunday December 26, 2021 @12:02PM (#29694087)
Oh boy that is true. Honestly, everyone who is born in the US is kind of privileged compared to 99% of the world. Especially if you are willing to work hard.
Re:My Path to Financial Independence as a Software Engineer by ant6n on Sunday December 26, 2021 @12:17PM (#29694230)
The US is 4% of the world.
Re:My Path to Financial Independence as a Software Engineer by kamaal on Sunday December 26, 2021 @10:07PM (#29698686)
The parent post to yours is actually true, being born in US indeed does wonders to ones access to opportunities, infrastructure, culture, soceity etc.

The USA really makes it easy for people to win. It can be hard to notice it if you've been there all life(or at least most of it), but people like me who have spent our whole lives outside USA(Indian Citizen) and then stayed in the USA for a couple of years(for work) and returned to our home countries can absolutely relate to this.

The difference is like night and day, and it's not even like remotely comparable, being born in the USA even in under privileged conditions gives you lots of edge compared to your peer group.

Re:My Path to Financial Independence as a Software Engineer by ant6n on Monday December 27, 2021 @08:22AM (#29702273)
I'd argue that the US awards its less priviliged citizens much less oportunity than most other industrialized countries. There's a lot of poverty in the US, and huge differences between rich, middle class, the poor and the really poor. Most are in denial about these problems, and think this situation is fine because they like to compare to developing countries with even bigger poverty issues (in this case India), forgetting that most industrialized countries actually treat their poor people better.
Re:My Path to Financial Independence as a Software Engineer by tdfx on Monday December 27, 2021 @01:10AM (#29699923)
The US passport is an enormous privilege. As well as being a native English speaker for business purposes.
Re:My Path to Financial Independence as a Software Engineer by charlesdm on Sunday December 26, 2021 @08:43AM (#29692285)
Most self employed in Europe have access to similar tax policies. You could think about and approach things differently to attain a similar result.

I live in Belgium with similar high income tax rates to Sweden, but I know quite a few people that I grew up with who have done very well. Better than his story. All mid 30s and all came from nothing. Even as an employee. No excuses, man.

These stories might not be listed in the newspapers, but that does not mean there are none.

Re:My Path to Financial Independence as a Software Engineer by bjornsing on Sunday December 26, 2021 @08:55AM (#29692358)
You know people in Belgium who make $600k a year as employed software engineers? Yea, sure...

In Sweden you can incorporate and work as a consultant. That lets you accumulate capital on the corporate side of the tax barrier so to speak. But the tax authorities can show up at any time, claim that your one man company is “overcapitalized” and force you to pay income taxes on your earnings.

Re:My Path to Financial Independence as a Software Engineer by charlesdm on Sunday December 26, 2021 @09:05AM (#29692427)
You can't just work your way to wealth. You need to reinvest what you make into other assets and let them compound...

That said, I know self employed developers making 150-200k (EUR) gross per year as contractors. But I also know employees that get allocated a few 100k/year in stock options as part of their compensation.

Yes, you do need to be exceptional. And you need to be smart in the choices you make. I thought that was a given, since millions of dollars don't just come falling from the sky.

Re:My Path to Financial Independence as a Software Engineer by bjornsing on Sunday December 26, 2021 @09:21AM (#29692542)
> That said, I know self employed developers making 150-200k (EUR) gross per year as contractors.

There’s nothing unusual about that. I was making that kind of money 15 years ago.

But one problem is, that’s about what I can make today as well. There is no upward mobility in pay. And it has nothing to do with ability. It’s a cultural thing.

(Also, the deal is typically that you sell your social career progression. So you’ll be doing the same kind of job endlessly.)

> You can't just work your way to wealth. You need to reinvest what you make into other assets and let them compound...

This however is where the real problem starts: there is no way to accumulate and reinvest capital (legally), without paying massive (70-80%) taxes.

Re:My Path to Financial Independence as a Software Engineer by charlesdm on Sunday December 26, 2021 @09:29AM (#29692619)
Consumption yes. But how do you get to 70-80% for reinvesting? Corporate taxes are 20%, dividend taxes 30% on remaining 80? That gets you to 44% net tax. From gross to net. Income taxes are higher but still not 70-80%?

I agree income taxes are high throughout most of Western Europe, but the way to grow wealth is by acquiring assets that can grow without having to sell them and pay taxes.

An investment fund (or a property) can often grow for a long time and throw off cashflows that are taxed more efficiently. So can a business where you build up value in the equity. Cashflow keeps the lights on, but equity (even in a small business) builds wealth.

Re:My Path to Financial Independence as a Software Engineer by bjornsing on Sunday December 26, 2021 @09:59AM (#29692832)
> Corporate taxes are 20%, dividend taxes 30% on remaining 80? That gets you to 44% net tax. From gross to net.

No, there are special tax rules for small companies (the so-called 3:12 rules). You can pay yourself a small dividend ($15k or so), but above that you’re taxed as if it was regular income.

> Income taxes are higher but still not 70-80%?

Payroll tax is 31% and then you pay around 55% marginal tax on what’s left.

It’s debatable how you should count VAT in this context. Your consultant invoices will have 25% VAT on them that you have to pay the government. Your customers can get that back from the government, but will have to pay VAT on any value your services create. Since the name of the tax is value added tax I think it’s fair to say you are adding the value with your labor and are in fact the one paying the tax, but others may disagree.

Re:My Path to Financial Independence as a Software Engineer by xvilka on Sunday December 26, 2021 @12:50PM (#29694545)
Move to Russia with its low tax of 13% (could go as low as 7.5% if you establish a company and enjoy some additional benefits) and work remotely. Or any other country with low taxes and low cost of living.
Re:My Path to Financial Independence as a Software Engineer by cpursley on Sunday December 26, 2021 @01:26PM (#29694953)
It can actually go lower then that if you set yourself up as a contractor. And outside of Moscow basic apartments can be rented for $250 a month.
Re:My Path to Financial Independence as a Software Engineer by secondo on Sunday December 26, 2021 @09:28AM (#29692606)
> There are no stories like this one where I live (in Sweden). Absolutely none.

Swedish tax rates on income makes this two to three times as difficult (approaches 60% plus 30% social paid by the employer this includes RSUs as well, plus 25% VAT) but it’s nonsense to claim this doesn’t happen. I am Swedish and have made significantly more in tech than the author. So has many of my friends.

With that said, the only reason I’m still in Sweden is family. The public sentiment about the future is uncomfortably racist and increasingly hostile about fortune making. If you have the mobility my advice is to move. Good luck.

Re:My Path to Financial Independence as a Software Engineer by bjornsing on Sunday December 26, 2021 @09:41AM (#29692700)
> I am Swedish and have made significantly more in tech than the author. So has many of my friends.

I’m not saying there is no path to financial independence in Sweden, I’m just saying that the path the author has taken / is advocating is not one.

I too know people who’ve made significantly more than the author. I’ve come close myself. But that generally involves starting a company and having other people work for you.

Re:My Path to Financial Independence as a Software Engineer by yunohn on Sunday December 26, 2021 @11:05AM (#29693497)
> it’s nonsense to claim this doesn’t happen. I am Swedish and have made significantly more in tech than the author. So has many of my friends

You state further down that you made this money from RSUs.

I’m not sure which bubble you/friends live in, but the absolute majority of tech workers do NOT get RSUs, even less often in the EU.

Re:My Path to Financial Independence as a Software Engineer by thegypsyking on Sunday December 26, 2021 @10:23AM (#29693065)
How did you make mor? i worked in Sweden and my compensation was 4x less than it is in America. Unless you got extremely lucky or were much more senior it’s impossible, case in which you would have made far far more in the us anyhow
Re:My Path to Financial Independence as a Software Engineer by Winterflow3r on Sunday December 26, 2021 @10:05AM (#29692887)
> I am Swedish and have made significantly more in tech than the author. So has many of my friends.

If you're comfortable with sharing, was it through a company exit or IPO?

Re:My Path to Financial Independence as a Software Engineer by secondo on Sunday December 26, 2021 @10:15AM (#29692964)
Absolute majority through RSUs, which is why I’m objecting the GP’s claims. The vested stock I’ve reinvested through an ISK in a somewhat broader portfolio over time.
Re:My Path to Financial Independence as a Software Engineer by bjornsing on Sunday December 26, 2021 @11:29AM (#29693750)
If you’ve made over a million dollars in RSUs after taxes then I must admit… I’ve never heard of anything like that. Are you sure you’re not talking about stock options in a quickly growing company/ startup?
Re:My Path to Financial Independence as a Software Engineer by secondo on Sunday December 26, 2021 @03:41PM (#29696110)
No, I’ve had stock options too but they’ve turned out worthless.

I don’t know what your seniority is and what you’ve seen but I can assure you it exists, and it’s not unique exceptions. Maybe a good opportunity to interview if you’re feels it’s unattainable where you are now. Plenty of US companies hiring remotely too…

Re:My Path to Financial Independence as a Software Engineer by jakewins on Sunday December 26, 2021 @04:29PM (#29696561)
I just moved back to Sweden from the US, and at least for my part of industry there seems to have been a notable shift (covid?), where roles/salaries that previously required moving to SF are available remote in CET hours.

You pay hella more tax on them though, but I mean the reason I left the US was also like.. related to all this. I want the things those taxes pay for, it feels incredible to be back somewhere with functioning healthcare, functioning child care systems.

Re:My Path to Financial Independence as a Software Engineer by ryan93 on Sunday December 26, 2021 @01:33PM (#29695025)
Whats racist about voters choosing the level of immigration they want?
Re:My Path to Financial Independence as a Software Engineer by Gwypaas on Sunday December 26, 2021 @07:42AM (#29691964)
With the effective marginal tax rate at 67% for regular income in Sweden, excluding VAT and other point taxes, the only real possible method is to start a company.
Re:My Path to Financial Independence as a Software Engineer by wk_end on Sunday December 26, 2021 @09:40AM (#29692695)
So just doing some cursory research - and I admit, I'm not Swedish - 67% seems to be on the high side as far as EMTR estimates go. So I think you'd need to make a pretty hefty amount of money in Sweden to pay that much. Wikipedia, for instance, claims that the EMTR for an income of over 675 000 SEK is only 60%; Glassdoor tells me the average software engineer in Stockholm makes ~500 000 SEK (though Glassdoor estimates can be questionable).

I bring this up because I don't think taxation has much to do with this. In NYC I was paying around 50% of my income towards taxes (federal, state, and local); when you factor in what I was paying towards things that the Swedish social system provides, I'm sure it amounted to very close to 60% (maybe even more!). But NYC is full of plenty of engineers or similarly well-paid professionals who've achieved financial independence. And, well, at least per Glassdoor (caveat emptor), the average software engineer gets paid literally twice as much in NYC than in Stockholm. IMO that probably has more to do with it.

Re:My Path to Financial Independence as a Software Engineer by Gwypaas on Sunday December 26, 2021 @10:35AM (#29693193)
Starting at 540 000 SEK it jumps 20% to 64% in total. Then at 645 000 SEK the last percents.

What is important to the remember which most Swedes tend to forget is the payroll tax at 31.42% on the employer side.

To see how it evolves across incomes see this page (in Swedish)

https://www.ekonomifakta.se/fakta/skatter/skatt-pa-arbete/ma...

Re:My Path to Financial Independence as a Software Engineer by throwaway55421 on Monday December 27, 2021 @06:24AM (#29701540)
Sweden is funny. Their society is explicitly designed by the well off to convince the poors that all is well.

It's all very equal, just don't look behind the curtain. We all earn our 50000SEK here.

The CEO? Oh, just ignore him

Re:My Path to Financial Independence as a Software Engineer by throwaway6734 on Sunday December 26, 2021 @09:15AM (#29692498)
They somewhat address this:

>In a similar vein as above, I hear that it is almost impossible for talented software developers to earn similar amounts in any country besides USA. If early financial independence is a priority for you, strongly consider moving here. The easiest way to do this is probably to take a 1-year hiatus from work, and enroll in a Master’s degree in USA. Though I have also met others who moved here on a work-visa

Re:My Path to Financial Independence as a Software Engineer by franciscop on Sunday December 26, 2021 @09:21PM (#29698376)
Downvoted because, if there are many stories like this in "poorer" Spain (my home country), I'm sure there's a non-trivial amount of stories like this in any other richer European country:

https://www.reddit.com/r/SpainFIRE/

Re:My Path to Financial Independence as a Software Engineer by bjornsing on Monday December 27, 2021 @07:10AM (#29701839)
Sure, there are paths to financial independence in Sweden too, just not this one. I’d say most such stories probably involve starting a company and having others work for you. Some probably “succeed” by being extremely frugal. But nobody negotiates and job hops themselves to $600k a year.
Re:My Path to Financial Independence as a Software Engineer by Aeolun on Sunday December 26, 2021 @10:36AM (#29693201)
People from Sweden should have a fairly easy time emigrating to the US right?
Re:My Path to Financial Independence as a Software Engineer by foldr on Sunday December 26, 2021 @10:50AM (#29693341)
It's a bit of a myth that it's easy for people from European countries to emigrate to the US. Generally speaking there are no special visas available. You would either have to look into getting an H1B or one of the O1 visas. The O1 route is difficult, and the H1B route, while attainable, is a big PITA, and leaves you in a rather insecure position (especially if you have a spouse).
Re:My Path to Financial Independence as a Software Engineer by anxrn on Sunday December 26, 2021 @03:03PM (#29695798)
While I completely agree the H1B is a PITA, it has been and continues to be the primary vehicle for the huge % of tech-employed immigrants to attain the sort of independence referred to in the OP.
Re:My Path to Financial Independence as a Software Engineer by fundad on Sunday December 26, 2021 @11:03AM (#29693481)
I think it’s a reference to US leaders with European heritage use Swedish immigrants as exemplary prospects versus people from non-white nations.
Re:My Path to Financial Independence as a Software Engineer by foldr on Sunday December 26, 2021 @11:14AM (#29693599)
The US doesn't have explicitly racist immigration laws. Being white might give you some kind of an advantage (even though it obviously shouldn't), but you'll still have to go through the same process as anyone else.
Re:My Path to Financial Independence as a Software Engineer by anxrn on Sunday December 26, 2021 @02:59PM (#29695769)
Not directly racist, but there's a huge difference in effective waiting times for employment based green cards by country, mainly due to the per-country cap.

Roughly speaking, for similarly qualified folks applying in the EB2 category in 2021, Indian immigrants (worst case), approval can take 15+ years, while immigrants from Sweden will take 2-3 years at most (was less than a year pre-COVID).

Re:My Path to Financial Independence as a Software Engineer by foldr on Sunday December 26, 2021 @03:07PM (#29695824)
That's true. However, even getting to the point where you can apply for a green card is not a straightforward process. And if you are on an H1B it is still the case that your spouse cannot work in the US until you are (at least) in the process of getting your green card. So I would say that few people in Sweden would have a "fairly easy" time of immigrating to the US (though it is certainly possible).
Re:My Path to Financial Independence as a Software Engineer by fundad on Sunday December 26, 2021 @11:55AM (#29694019)
Not explicitly; I agree. I meant that while it is a myth, it is a myth perpetuated by elected officials in the US and what they say when they hold power and especially the campaign promises they make to win power.
Re:My Path to Financial Independence as a Software Engineer by bjornsing on Sunday December 26, 2021 @10:47AM (#29693314)
I don’t think so. The easiest/surest path I know of is a H1B work visa.
Re:My Path to Financial Independence as a Software Engineer by Invictus0 on Sunday December 26, 2021 @09:01AM (#29692398)
Just move then, your feet aren't bolted to the ground.
Re:My Path to Financial Independence as a Software Engineer by bjornsing on Sunday December 26, 2021 @09:32AM (#29692642)
If I could give my younger self some advice it would probably be: slack off, or leave.

If you are talented and enjoy slacking off then you can have a pretty nice lifestyle in Sweden. Most of the exceptionally talented engineers I know work part time as consultants.

Re:My Path to Financial Independence as a Software Engineer by DogLover_ on Sunday December 26, 2021 @09:42AM (#29692710)
You can't "just move". It is quite difficult to get into the US
Re:My Path to Financial Independence as a Software Engineer by stackbutterflow on Sunday December 26, 2021 @10:49AM (#29693325)
Is it harder to get into the US or the EU?
Re:My Path to Financial Independence as a Software Engineer by odiroot on Sunday December 26, 2021 @01:37PM (#29695066)
I have no experience with trying to get into US but I know the situation of my friends who came to EU. Generally you can forget about it without a good degree (e.g. Eng, Msc or MD).

Of course you could also come as a student and finish your education within EU. In some countries you can even do it for free.

Re:My Path to Financial Independence as a Software Engineer by DogLover_ on Sunday December 26, 2021 @10:59AM (#29693440)
I am not the right person to ask. I assume it is easier getting into EU but I can't say for sure
Re:My Path to Financial Independence as a Software Engineer by VWWHFSfQ on Sunday December 26, 2021 @12:10PM (#29694160)
Just some anecdotal experience from talking to several French people that worked at the USA company I was at on visas, USA is pretty much the hardest (of the desirable places) in the world to emigrate to.

Several of them ended up going to Canada because it was significantly easier and had a reasonable tech scene in the Toronto area

Re:My Path to Financial Independence as a Software Engineer by amelius on Sunday December 26, 2021 @09:22AM (#29692559)
Re:My Path to Financial Independence as a Software Engineer by garmaine on Sunday December 26, 2021 @09:02AM (#29692404)
Markus Persson?
Re:My Path to Financial Independence as a Software Engineer by Shaanie on Sunday December 26, 2021 @02:39PM (#29695577)
Of course you can always start up a successful company, but that's not really relevant in this thread.
[dead]
Re:My Path to Financial Independence as a Software Engineer by mattst88 on Sunday December 26, 2021 @02:34PM (#29695528)
I think you should consider this view in the context of various country's immigration policies. Privilege definitely comes into play.
Re:My Path to Financial Independence as a Software Engineer by xwolfi on Sunday December 26, 2021 @06:39AM (#29691583)
Yeah I d say he s been dealt very bad cards, had no problem being independent growing up in Normandy, France. I think we're priviledged by not being in the US and that guy is at the top of a turd pile...
Re:My Path to Financial Independence as a Software Engineer by djohnston on Sunday December 26, 2021 @07:11AM (#29691769)
You read that info and figure he's the unlucky one?
Re:My Path to Financial Independence as a Software Engineer by sneak on Sunday December 26, 2021 @07:19AM (#29691824)
One of the biggest tragedies, in my view, is what a lovely place Europe is to live, and what utter lack (seemingly for no great underlying reason) of class mobility exists there.
Re:My Path to Financial Independence as a Software Engineer by dsomers on Sunday December 26, 2021 @07:45AM (#29691985)
What an absolute joke. The United States has terrible class mobility compared to the Netherlands or Germany for example. You don’t have anything to support what you said other than a skewed perspective created by American centric media.

Edit: I guess the down voters here hate facts. The US scores lower on social mobility than the majority of European countries https://en.m.wikipedia.org/wiki/Global_Social_Mobility_Index

Re:My Path to Financial Independence as a Software Engineer by yunohn on Sunday December 26, 2021 @08:23AM (#29692186)
Given my experience in NL, I would disagree. I see a very clear class divide here, which is just mostly ignored by the middle/upper classes and government.

Most of the population spend the majority of their income on rent, commuting, and essentials. Students also have lots of debt over the past decade (15k on average). Owning a car is expensive, but so is public transport (esp. for a family). Renting is expensive, but so is buying a house.

Income tax brackets range from ~40-50%, while corporate and dividend taxes are minimal - 15-20%. VAT is regressive and applies on almost all goods incl. groceries, ranging from 5-21%. There is no capital gains taxes, so this obviously benefits the economically active upper/elite classes who have assets/savings to invest - while middle class families do not own much at all.

Since the Mobility Index rankings focus on lower -> middle class mobility, it shows the Netherlands in a positive light. However, the income divide between the two classes is actually not as pronounced as the USA, while the gap between middle to upper is incredibly massive (like most of the world).

I guess what I'm trying to say is that despite the expected policy differences and rankings, NL is quite strongly divided economically. In my experience, the average Dutch don't mix with the poor, nor show off their riches, nor think too deeply about the elite classes. This mindset is essentially ignorance - neglecting poorness, brushing off government corruption, and assisting the funneling of taxes & wealth.

Re:My Path to Financial Independence as a Software Engineer by charlesdm on Sunday December 26, 2021 @08:48AM (#29692317)
You forgot to mention you do have a wealth tax. For wealthy people, those tend to be one of the "worst" taxes, because it is payable regardless of whether your investments do well or bad.
Re:My Path to Financial Independence as a Software Engineer by yunohn on Sunday December 26, 2021 @10:49AM (#29693327)
You’re right, I missed commenting on the Wealth tax.

However, it’s equally ineffective - there are multitudes of ways to avoid paying it, as the wealthy here continuously do. Further, the percentage itself is quite small:

- 0.58% for 30k-100k

- 1.34% till ~1MM

- 1.68% afterwards.

It is hilarious to me, that 30k is considered “wealth”. This means saving for your children’s studying expenses (rent, food, etc), would require exceeding 30k and paying taxes.

The wealthy are wealthy. It doesn’t seem to affect them at all. Instead, people like you and I have to think about the arbitrary amount of money the gov wants to extricate from our small savings.

Re:My Path to Financial Independence as a Software Engineer by actually_a_dog on Sunday December 26, 2021 @10:05AM (#29692893)
> Most of the population spend the majority of their income on rent, commuting, and essentials. Students also have lots of debt over the past decade (15k on average). Owning a car is expensive, but so is public transport (esp. for a family). Renting is expensive, but so is buying a house.

> Income tax brackets range from ~40-50%, while corporate and dividend taxes are minimal - 15-20%. VAT is regressive and applies on almost all goods incl. groceries, ranging from 5-21%. There is no capital gains taxes, so this obviously benefits the economically active upper/elite classes who have assets/savings to invest - while middle class families do not own much at all.

I hate to tell you, but the US practically invented all those issues. Average Americans pay a far larger percentage of their income in taxes than the wealthiest Americans or corporations do. You say VAT, we say "sales tax," and, yes, it's still just as regressive. Rent, student loans, etc.... yeah, that's all bad here, too.

https://smartasset.com/data-studies/income-needed-to-pay-ren...

https://www.theguardian.com/us-news/2021/dec/09/us-student-l...

https://www.cnbc.com/2021/09/23/americas-richest-400-familie...

Re:My Path to Financial Independence as a Software Engineer by yunohn on Sunday December 26, 2021 @10:53AM (#29693374)
> the US practically invented all these issues

I don’t believe that the Netherlands has inherited these ideas from the USA. In fact, NL invented capitalism and stock markets.

Every Dutchie I speak to about the inequality here, loves comparing themselves to the USA memes. It’s that whataboutism and the ignorance that bothers me.

Re:My Path to Financial Independence as a Software Engineer by actually_a_dog on Sunday December 26, 2021 @01:39PM (#29695082)
> I don’t believe that the Netherlands has inherited these ideas from the USA. In fact, NL invented capitalism and stock markets.

Of course, I'm aware that NL invented stock markets and pioneered a lot of ideas behind modern capitalism. That wasn't where I was going with it.

Not to turn this into some weird anti-pissing contest of "my country is worse than yours," but, if you look at the numbers, the US fares worse than NL on:

Gini coefficient [0]: US 41.4 vs NL 28.1

Global social mobility index [1]: US 70.4 vs NL 82.4

Human development index [2]: US 0.92 vs NL 0.944

Now, I don't think capitalism is the best system for maximizing any of the above, but, if you look at the tables, it's pretty clear that the Nordic model of capitalism is basically as good as capitalism gets. When you look at some of the things that go into these indices, other than stuff like "GDP per capita," it's pretty clear why: having a strong safety net and other social programs for workers makes people better off.

If nothing else, reducing the consequences of failure from "total personal and financial ruin" to something more manageable is more likely to encourage people to take chances that may or may not pay off. That's what economic freedom really is. That's also the part of capitalism the US didn't pick up, so, that's what I was getting at when I was saying that the US invented those issues. Again, not to get into an anti-pissing contest, but, that's why the US recently got compared to Jurassic Park [3] on here. I don't see anybody comparing NL to a land where dinosaurs will eat you if you're not always vigilant.

> Every Dutchie I speak to about the inequality here, loves comparing themselves to the USA memes. It’s that whataboutism and the ignorance that bothers me.

I'm not sure what you mean here, but I'd like to know. Are you just saying that people you talk to are saying what I said, but without the facts and figures?

---

[0]: https://worldpopulationreview.com/country-rankings/gini-coef...

[1]: https://worldpopulationreview.com/country-rankings/social-mo...

[2]: https://worldpopulationreview.com/country-rankings/hdi-by-co...

[3]: https://news.ycombinator.com/item?id=29656668

Re:My Path to Financial Independence as a Software Engineer by yunohn on Sunday December 26, 2021 @04:20PM (#29696497)
> Not to turn this into some weird anti-pissing contest of "my country is worse than yours,"

Fair enough, though I wasn’t trying to imply that either.

> it's pretty clear that the Nordic model of capitalism is basically as good as capitalism gets

I can agree from the data and personal experience, that the QoL for the lower/middle classes in the EU is better than most of the world.

However, I don’t think that it’s as pronounced as the local EU politicians would have you believe, when they advocate for higher taxes every year.

That’s essentially the divide I’m talking about in my comments - the broken capitalist dystopia of it all. They set the benchmark somewhere in between the USA and the post-colonial world, and act like they’ve solved everything.

> reducing the consequences of failure from "total personal and financial ruin" to something more manageable is more likely to encourage people to take chances that may or may not pay off. That's what economic freedom really is.

Yes, I agree that this sounds intuitive. Unfortunately, the EU has one of the least risk-taking people I’ve ever seen. People don’t startup nor attempt businesses.

> Are you just saying that people you talk to are saying what I said, but without the facts and figures?

Not exactly, but rather, they are unaware of the situation outside their social bubble in NL. And see memes about the USA and think they’re doing great.

Re:My Path to Financial Independence as a Software Engineer by Aeolun on Sunday December 26, 2021 @10:58AM (#29693430)
I loved living in NL (am Dutch), and would love to move back there, but financially it just doesn’t make sense.

Found it really hard to explain to my wife that:

Salary will decrease, cost of living will go up, income taxes will go up, VAT will also go up, QOL will stay roughly the same.

The only thing that I think is significantly better (and cheaper!) is the education.

Edit: And the beer.

Re:My Path to Financial Independence as a Software Engineer by fundad on Sunday December 26, 2021 @11:07AM (#29693513)
QOL staying the same is quite attractive.

Out of curiosity, how many millions of dollars-equivalent does it cost to buy heath insurance in retirement?

Isn’t that more attractive than what you need in the states?

Re:My Path to Financial Independence as a Software Engineer by yunohn on Sunday December 26, 2021 @11:26AM (#29693721)
> QOL staying the same is quite attractive.

I can’t speak for the OP, but usually QoL refers to essential things like housing, food, education, etc. Outside of that, the average Dutchie has very little disposable income.

This means that the extra money they make in the USA, is still quite useful since you can spend it on all the other stuff that gives you joy in life.

Re:My Path to Financial Independence as a Software Engineer by fundad on Tuesday December 28, 2021 @12:35PM (#29715907)
Rising costs for housing, food and education is a huge problem in the US
Re:My Path to Financial Independence as a Software Engineer by Rebelgecko on Sunday December 26, 2021 @01:00PM (#29694674)
What do Medicare supplements cost, like $100-$500/month? If health insurance is your primary reason to leave the US, it might make sense to spend years working in a job that offers health insurance after you retire, or moving to a lower COL area within the US (medical costs in rural Texas are drastically cheaper than San Francisco, for example)
Re:My Path to Financial Independence as a Software Engineer by fundad on Monday December 27, 2021 @12:18PM (#29704388)
Medicare 20 or more years from now? The eligibility age will be raised by 100 years before we know it.
Re:My Path to Financial Independence as a Software Engineer by Aeolun on Sunday December 26, 2021 @05:11PM (#29696872)
I live in Japan, health insurance is quite good ;)
Re:My Path to Financial Independence as a Software Engineer by garmaine on Sunday December 26, 2021 @09:05AM (#29692425)
> Students also have lots of debt over the past decade (15k on average)

Those are amateur numbers. -USA

Re:My Path to Financial Independence as a Software Engineer by yunohn on Sunday December 26, 2021 @10:52AM (#29693357)
I know loads of students with more debt, but indeed, it’s less than the USA. Not an acceptable amount regardless.
Re:My Path to Financial Independence as a Software Engineer by garmaine on Sunday December 26, 2021 @07:19PM (#29697694)
Really? That seems something that could be paid off pretty easily. Not like US student debt which is the size of house in value.
Re:My Path to Financial Independence as a Software Engineer by yunohn on Monday December 27, 2021 @09:45AM (#29702852)
The median income in NL is barely 30k, and savings are very low. An average loan of 15k is quite expensive for most.

I think the worst part is that most of the loan is used to pay rent - so it’s essentially tax-payer funded wealth transfer to real estate.

Re:My Path to Financial Independence as a Software Engineer by bjornsing on Sunday December 26, 2021 @08:15AM (#29692148)
I don’t think that measurement of social mobility makes much sense in this context.

Sure, moving from lower working class to upper middle class is probably easier in Sweden than in many other countries. But the thing is: it doesn’t make much of a difference.

I have a sneaking suspicion that the Nordic welfare state kind of games the social mobility score in this way, by having such a compressed income distribution. If you go from $20k after taxes to $35k after taxes you’ve moved through more or less the whole income distribution, but your life is pretty much the same.

Re:My Path to Financial Independence as a Software Engineer by oblio on Sunday December 26, 2021 @08:28AM (#29692213)
The thing is, there's only 1 situation where being a part of a certain socioeconomic group sucks. Being poor.

So any country that optimizes for improving that, kind of by definition, improves the average happiness of its citizens.

Re:My Path to Financial Independence as a Software Engineer by ethbr0 on Sunday December 26, 2021 @08:53AM (#29692350)
The report itself [0] notes many of the contradictions in the US:

> "Despite scoring high on the Work Opportunities (83.0) pillar—because of its low unemployment rate—as well as on the Technology Access pillar (90.2), it has the lowest score in the region on the Fair Wages pillar (43.8 against an average of 64.6 for the region). With an incidence of low pay (less than two-thirds of median wages) at 24.9, it has one of the shares of low-paid workers among OECD countries. The lack of effective social protection in the United States also translates into a low score on the Social Protection pillar (61.7). The minimum guaranteed income benefits for a family with two children (where one partner is out of work) is only 20% of median income. The United States could also improve on the Health pillar, where it performs quite poorly compared to peers in its region (75.8) due to a low healthy life expectancy at birth (66.6 years)."

When you average things down to a single number, you lose a lot of nuance.

For the US, the data the report collected generally supports something like 'You have the opportunity to succeed greatly, and be rewarded extremely well, but this requires financial resources at birth.' While also being true that 'If you are less successful, there are few and poor support nets for you, and serious pitfalls to avoid (f.ex. health care costs).'

[0] https://www3.weforum.org/docs/Global_Social_Mobility_Report....

Re:My Path to Financial Independence as a Software Engineer by joshuamorton on Sunday December 26, 2021 @04:02PM (#29696321)
> 'You have the opportunity to succeed greatly, and be rewarded extremely well, but this requires financial resources at birth

This is the opposite of financial mobility.

Re:My Path to Financial Independence as a Software Engineer by ethbr0 on Monday December 27, 2021 @01:17AM (#29699955)
No, it is not. The opposite would be that it requires financial resources of the class you want to be part of to be part of a class.

Which wasn't what I (or the report) said: the idea is that it takes some level of financial resources as a prerequisite for a chance at top-level success.

Re:My Path to Financial Independence as a Software Engineer by joshuamorton on Monday December 27, 2021 @02:39PM (#29705978)
Yes yes, class mobility but only for the already wealthy. Tell me more.
Re:My Path to Financial Independence as a Software Engineer by ethbr0 on Wednesday December 29, 2021 @01:13PM (#29727729)
Which part of the report do you see as equating "financial resources" (my words) with "wealthy" (your words)?
Re:My Path to Financial Independence as a Software Engineer by yunohn on Sunday December 26, 2021 @08:23AM (#29692191)
> If you go from $20k after taxes to $35k after taxes you’ve moved through more or less the whole income distribution, but your life is pretty much the same.

100% agreed - my sibling comment about NL also implies the same.

Re:My Path to Financial Independence as a Software Engineer by thesimon on Sunday December 26, 2021 @08:02AM (#29692064)
Using a different metric the Netherlands are slightly better than the US, but Germany is slightly worse.

https://www.oecd.org/els/soc/1-5%20generations.png

Re:My Path to Financial Independence as a Software Engineer by dan-robertson on Sunday December 26, 2021 @11:17AM (#29693618)
I’m kinda surprised by these numbers. My impression of the us is that many immigrants will be unskilled and have low incomes, but that their children will be much better off in comparison. So a few reasons these numbers could be this way:

1. My intuition is wrong

2. There are lots of people in low income groups where there is little i regeneration along mobility for structural reasons, or maybe immigrants children who often see the biggest improvements are excluded for some reason.

3. The chart talks about reaching mean income. Particularly in the US, mean income is higher than median income so even if achieving the latter is easier, achieving the former could be harder. To some extent the metric may disadvantage countries where the highest-earning few percent of the population earn a lot more than the median person.

Re:My Path to Financial Independence as a Software Engineer by lpv on Sunday December 26, 2021 @12:04PM (#29694111)
That graph, and "social mobility" analysis in general, shows the movement from low income to average. This is good for a country overall, but it's irrelevant to the discussion that people are having in this thread. Most people here are more interested in the median to rich movement. Unfortunately this movement is practically impossible in countries like Sweden and NL (for an employee).

Let's take a typical profile that HN users would be interested in, a top10% engineer working for a big company. This person would never become rich in NL, but almost always become rich in the US.

Re:My Path to Financial Independence as a Software Engineer by thesimon on Sunday December 26, 2021 @01:24PM (#29694943)
>Most people here are more interested in the median to rich movement. Unfortunately this movement is practically impossible in countries like Sweden and NL (for an employee).

Same in Germany why I assumed the diagram would be appropriate. But you are 100% correct and I agree with

> This person would never become rich in NL, but almost always become rich in the US.

Re:My Path to Financial Independence as a Software Engineer by dsomers on Sunday December 26, 2021 @08:06AM (#29692096)
And the majority of Europe is still ahead of the US, so what’s your point?
Re:My Path to Financial Independence as a Software Engineer by thegypsyking on Sunday December 26, 2021 @10:28AM (#29693119)
I moved from Europe to the US, and so have a lot of other people who aim to become rich. In europe most rich people inherit everything, mobility to upper class is basically non existent. Here it’s Very much possible
Re:My Path to Financial Independence as a Software Engineer by RickJWagner on Sunday December 26, 2021 @02:40PM (#29695588)
My own experiences disagree.

I have friends who started out in middle-class families and sunk lower. I also have friends who started out middle-class and rose.

IMHO, the biggest factors seem to be raw intellingence, willingness to move & chase money, and some 'luck' factors. But I can't imagine a world where nobody could change fortunes given reasonably common circumstances.

Re:My Path to Financial Independence as a Software Engineer by 1ris on Sunday December 26, 2021 @07:50AM (#29692009)
Like everything, it's very different across Europe. Best case, social mobility is pretty good. Worst case it's a little worse than the US.

https://www.dw.com/en/germanys-social-mobility-among-poorest...

>In Germany, it would take a child whose parents' earnings are in the bottom 10 percent of the population six generations or 180 years to reach the average national income.

>The average across the entire OECD, a group of 37 industrialized countries, is five generations. Children in low-income families in Denmark would need two generations, while children in the United States would need five generations.

Re:My Path to Financial Independence as a Software Engineer by odiroot on Sunday December 26, 2021 @01:39PM (#29695080)
Seemingly it's easy to reach the middle class, or even upgrade into upper middle class (assuming you started with middle class parents). But then there's this big gap.

And people in the middle are squeezed from the both sides.