Economy-of-Switzerland | Dr. Goulu

actually we had banking secrecy instead of trusts ;-)Some rich people create Fou...

Wed, 18 May 2022 00:00:00 +0000

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actually we had banking secrecy instead of trusts ;-)

Some rich people create for non-profit or charity and live on managing it, but certainly not 3%

I guess your 3% are mostly retired people who saved their money on private trust funds. In Switzerland we have a mixed state/private that is a good comprise as we like them here.

From what I see here ( ) about a third of swiss taxpayers (i.e. almost all citizens) have no private “third pillar”, so their retirement depends only on social (first pillar) and mandatory (second pillar) provisions.

Said otherwise, 66% of swiss people have some money on a private pension fund.

Thank’s not perfectly correct:( source Tax rates in Europe - Wikipedia )As you c...

Thu, 18 Jul 2019 00:00:00 +0000

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Thank’s not perfectly correct:

( source )

As you can see, there are countries where taxes are lower, and countries when employer pays no taxes at all (Denmark ?).

Of course, one should compare apples to apples : mandatory health insurance is not considered a tax in switzerland, while it is included in the “social security” package in many countries listed here. Add about 5% blue to swiss “taxes” to make things a bit more comparable…

IMHO is the key of swiss wealth : we just export for about $20 BN / year more than we import. That’s about $3000 per inhabitant… For example our exports of medical drugs (Novartis, Roche…) amount about the same as the national budget for health,..

you just don’t know what Inflation is (why have Zimbabwe and Venezuela record in...

Thu, 18 Jul 2019 00:00:00 +0000

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you just don’t know what is (why have Zimbabwe and Venezuela record inflation, then ?) and have no idea of the either. Switzerland makes $2bn per MONTH of exports of medical drugs, watches, machines, coffee, chocolate more than imports.

For the rest, well, just try to open a bank account in Switzerland and you’ll see by yourself … But if you succeed, your money will indeed be safer here at 0% interest rate than in your own country, because of YOUR inflation…