268 karma · joined February 8, 2017
OP had the thesis that the "Norway sovereign fund" is funded by high taxes. This fund is also known as the "Oil fund": The Government Pension Fund Global, also known as the Oil Fund, was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector.
Conclusion: The Norwegian society is not just rich just because you are that smart. You obviously had a good portion of luck.
Means a 2% wealth tax combined with a 50% income tax, dividend tax, capital gains tax or whatever ends up being a 4% wealth tax effectively.
Example: You own stock worth $1,000,000 and the government wants 2% wealth tax from you which means $20,000. But to get that $20,000 you have to sell $40,000 worth of stock and pay 50% income tax for that sale and the government ends up taking 40,000$ effectively.
if you hit 1 minute over 60 you get blocked 24h
Another point is that my market is really not obvious at all and I want to have competitors as late as possible. Currently there are none I know of. Only competitors who solve parts of it which existed before me anyway.
Tech stack: MySQL, Java EE, JQuery, Bootstrap and the like. No big frameworks. All hosted on Google Cloud.
Simplicity is also Security