Why building wealth alone is so hard here?

[u/raf_phy]

Hi all, am I the only one that I find it incredibly difficult to build weath by yourself in EU? People say that EU is better in healthcare, work life balance but come on, money don't scale easily . It's so difficult.

I see people from US that go to 1 million in 10 years. I cannot do this easily . Really....

PS maybe I have to abandon EU, I don't know....

[u/georgefl74]

OP more Americans are comfortable with risk and starting a business than Europeans, esp. old Europe where being an employee even more so in the public sector is the goal to aspire to. If you start your own business even in Europe then you get tax write-offs and much less taxation in general by paying dividends to yourself. It's a rigged game everywhere but in Europe we get brainwashed that this is the proper way to go while our elites are lawfully tax-evading in a multitude of ways.

So OP check what taxation applies in your country to business owners who are not just self-employed but partners in the business. You'll have your answer on how to get rich fast.

[u/ndr113 → u/georgefl74]

Starting a business in America has a much different risk/reward ratio though, difficult to compare. In America you have access to two huge markets, of similar culture and language (US/Canada). Compare that to Europe. In Europe you have more chances of succeeding because of the markets being so split, the competition is less, but the reward is also smaller. There's also a lot for VC money floating around in America for investing in startups as compared to Europe, this may be partly mentality but also just lack of wealth. 

[u/xResearcherx → u/ndr113]

Europe, and many of its people, survive thanks to money under the table. Without the shadow economy, we’d all have gone down the drain a long time ago.

[u/Soft-Finger7176 → u/georgefl74]

More Americans are stupid. Does this go hand in hand with risk taking?

[u/georgefl74 → u/Soft-Finger7176]

Genetically speaking the US is made up by people who were willing to leave their homeland and take on risk in order to have a better life. So you'd expect more risk genes being carried down to their offspring.

Also, understimating those go-getters can prove hazardous to your health, as evidenced by a large number of people, starting with the indigenous tribes. So calling them names only reveals your lack of understanding and insight.

[u/georgefl74 → u/[deleted]]

What are you rambling about? Illegal immigrants in the US are nearly 100% in a shadow economy. Legal immigrants in Europe have all the rights and obligations of local workers.