Germany has the most hostile environment for entrepreneurs, basically hard-mode for startups. You can’t imagine how much BS they come up with when you run a company there.

That’s what socialism does It creates a permanent cast system This is a well known phenomenon Look at India, same thing

Born in Frankfurt. He's the control group

If they inherited it and these companies are still being maintained till this day, that's a win at the end of the day for Germany. - cape.

Jews circulating money amongst them is now considered building large scalable companies

20 for 20 inherited is actually kind of impressive. no accidents, no upsets, perfect record 👍

it ain't making your own money if you needed Bill Gates 1976 ©ensorship act to make it

In the EU the entrepreneur is the prostitute and the administration is the abusive pimp. According to the pimps the prostitutes are worthless without him and as thus they should be forever grateful and submitted.

Many people in the U.S. think what we have here is the norm everywhere else. But it is not. Many people in the U.S. are willing to lose it, not realizing how precious what we have. Tragic.

Because it's nearly impossible to create anything in Germany or Europe as a whole. Rampant bureaucracy, and politically driven resentment against high achievers, fueled by and supported by unions... it's a madhouse.

“Made their own money” Or took on gigantic amounts of investment from older people with tons of money and insane trust in youthful workhorses. Only in america.

Same throughout most of Europe. And not just at the very top. The US encourages and supports entrepreneurial endeavors far more than most of Europe

This is how Socialist Elitism has worked in all of Europe. Avoid then here like the Plague.

Germany is bankrupt. Pension liability funded under 10%. Industrial production -25%. Co2 targets will crush production more thus killing tax base. The 70% d/gdp is deceptive. They will have to issue 100s and 100s of billions from 2027 as their gdp implodes

The problem isn't rich people inheriting stuff, the issue is socialist policies that make building personal wealth impossible.

Yet, Germany's economy is far healthier. Germans enjoy a higher standard of living than Americans. The German State actually cares for its citizens. And there are no Peter Thiels using a corrupt child rapist to stack the odds in their favour.

What is a homeless rate in Germany vs US? How many Germans do not have health insurance or file for bankruptcy because of unpaid medical bills? What is the average healthy life span of a German vs American? What is Gini income inequality or intentional homicide rates etc. Germany has many problem but Thiel’s analysis is extremely one sided. By the way, social upward mobility index in Germany is higher than in the US.

In German, a verb to "make" money is "verdienen", which means "to gain through service". To escape semantic underclass people use informal "kohle machen" which means "to make coal"

that inheritance stat is brutal. you can have great engineers everywhere and still somehow not produce many new giants

All the incentives are wrong. There is no entrepreneurial class. If you have your ability to build a business you leave.

That’s the ironic part of these European socialist policies and high tax countries, it creates a monopolistic moat around the wealthiest people in their countries, and strangles out the middle classes’ ability to make headways to challenge the established economic powers

The real difference is opportunity. America is still creating new fortunes. Germany seems to be mostly passing old ones down.

it is realistically impossible to become rich in Germany. High earners are treated like criminals and all of them eventually leave to safe havens

I’d sooner jump off 829 bridges than start an AI company in the EUSSR🇪🇺 (especially ClownGDR🇩🇪🥒). One for every “regulation.”

first america destroys hitler's third reich, now bragging about wealth, america's hypocrisy at its fullest

Truth. There is a pathetic level of wealth class in these older nations including Britain who sit on their inheritances & entitlements snooty down on America, and the basic classes beneath them.

. Germany ossified, stratified. Like its golem, the EU. Europe desperately needs an asteroid. Pick your favorite ground zero.

Innovation is based on entrepreneurship, economic freedom, and cheap energy. Germany destroyed the last two.

Culture of taking risk and being rewarded. The German don't take risk. Full stop.

Bürokratie was booming in the 80ies and 90ies. Then extended for 36 more years. You either grew with it and made the challenges. Many failed. And now new companies cannot get any hold of it.

Europe’s full of quota police: “Enough women? Trans? Gay? Green enough?” Approvals crawl. So the smart ones just gtfo to America. lol

No wonder, the US chases talent down. Europe on the other hand, especially Germany, makes innovation look like a crime.

Americans just use their ability to print hard currency to pump their stocks, hence create their new billionaires. It's not like they produce much

Now that they have suffocated thier economy so no one can grow, deutsche leftists want to go even further and start taxing inheritance, the last bastion of wealth

9 out of 12 is an interesting way of saying 75%.