
Aight you’re right, in this case there’s no capital inflow. Franchisees will stop using American branding if it doesn’t bring them customers
Belgian 29 year old male, accountant, into physical fitness, outings and watching TV series/films. Enjoy pestering you about your political views and interested in economics.
Aight you’re right, in this case there’s no capital inflow. Franchisees will stop using American branding if it doesn’t bring them customers
So from a bit of research. The place is owned by Carl Goris. Someone living in Brussels. 99,5% of burger Kings worldwide are owned by franchisees.
So about 6 to 10% of the revenue goes to USA.
It’s up to you to decide if you think boycotting 90 to 94% local revenue to hinder 6 to 10% USA revenue is worth it.
Money coming inside of Belgium is a good thing. It funds development. This building has a renter. Aunt Marie burgers and frites’ money is being used elsewhere in the country for other development.
The pie got larger.
China became relevant because of foreign capital. Nothing else.
We should motivate foreigners to pour their capital into Europe.
For example this place: they have to rent this area in the center of the capital. That’s not cheap for them. There’s plenty of employees inside the restaurant.
Hmmmmm, we don’t really aim at having them pay corporate taxes. They invest their capital, which increases the labour’s value here. The higher wages cause for more labour taxes or consumption taxes. Hence our tax revenue increases.
If they do transfer pricing, they would have to be insane to send it to USA. They’d rather send it to tax havens.
The EU does their effort to counter transfer pricing.
Even if it fails, their capital investment causes our country to gain profit.
I’m still going to eat burger king, it still has Belgians being employed there and our minimum wage is quite high. The food is good so I support it.
It’s American owned, but the business I eat at pays Belgian taxes, Belgian wages, invested in Belgian real estate, …
I support that.
It’s not the same as importing USA goods and services produced within their country.
I highly advice you people to reconsider your purchases when it’s based on buying imported goods Vs foreign owned locally produced goods/services.
It’s not the same thing. We WANT foreigners to pour their capital into our areas. That’s good for us. Just trust me on this one.
Europeanism, it’s not one nation.
Which is fine. Europe is a world leader on globalism. Our -ism is about being proud of that.
You want prestige? https://www.dusseldorpbmw.nl/aanbod/bmw-3-serie-nieuw-340i-xdrive-36389133
Apple preys on young people who think their one month wage buys them prestige.
I have Chinese tax payers fund my phone while you have the American tax payers fund apple’s pockets while you fill their pockets on top of it.
We are not the same
Apple users think they are buying prestige, but they are just seen as gullible
Funnily, the best explanation on this thread was just me copy pasting it from le chat mistral.
It simply gave a good explanation of how it works. Why it can’t be objective.
It’s removed though.
Objectivity is the wrong word then. I seek to know multiple angles all at once.
Nobody on this thread is pro AI, but that’s insane. As it’s one of the most growing markets. So there’s a lot of information lacking here.
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Are you too young to have gone through past innovations? Have you not used the internet in 2002? YouTube was laughably bad back when it started. Microsoft was just a basic company.
You don’t know that AI will be improved upon? Are you this ignorant?
The Belgian government already made it law to use peppol invoices. That’s so that AI can automate the bookkeeping and that governments will have all the information they need in order to tax correctly.
Damn fools on this platform
It objectively states a summary of all of our combined biases. Which is valuable.
What else are you going to do? Humans are always going to search for information that supports their own bias.
AI forces them to read through bullet points that go against their own bias. It lowers the effect of polarisation if this is done on large scale.
People have tried so damn hard to be objective. To take their own subjectivity out of their writings.
But that’s impossible.
Ai can do just that. It can analyse far more data than you can even imagine.
It’s the future.
So basically we should stop funding le chat mistral ai and miss out on a market just like we did with smartphones?
You think that’s a good idea buddy? Not supporting our own products?
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In china and USA but not in Europe. Maybe we should have a great firewall of Europe to stop seeing people behave like monkeys
Aight, personally. Every single person I know, has a great life economically.
Median net wealth in Belgium is 250k euros.
Our cost of living is also lower than yours, so… turn that into 350k USD maybe to have an idea of how it feels.
Just buy good value at low price. This rule has always applied.
If they raise their price, welcome an alternative