Video Game News & Discussion 2.0


#402

All the countries you mentioned, though, have relatively high GDP per capita, so even though when taken as a whole their populations and economies may not be among the largest in the world, when it comes to to economy scaled relative to population size, they are among the tops. You still need resources to invest, no matter how hard you try. No resources, no output.

Going back to your example of Ireland, it actually has a higher GDP per capita (around $75,500) than the US (at around $59,500). In fact, except for Luxembourg, Ireland has the highest GDP per capital in the world among countries that aren’t essentially tiny little city-states, tax havens for the uber wealthy, or oil-rich Gulf states.

Sweden ($51,500) and Finland ($44,300) are also pretty high up there. In fact, both are higher than Japan ($42,800).

Yes, if make good stuff and make it available, you can pull great things off. However, if you don’t have the resources to make such good things. The examples you cited just go on to prove that you in fact _do_need resources in order to produce stuff.

Source for my data: CIA World Factbook


#403

How much of that Ireland money is from money that comes via evil companies using it as a tax haven as opposed to actual goods and services produced by Irish corporations?


#404

Gross domestic product is an aggregate measure of production equal to the sum of the gross values added of all resident institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). The sum of the final uses of goods and services (all uses except intermediate consumption) measured in purchasers’ prices, less the value of imports of goods and services, or the sum of primary incomes distributed by resident producer units.

Source: The Organisation for Economic Co-operation and Development (OECD)

So hoarding cash for the evil megacorps doesn’t appear to significantly contribute to GDP at all. In fact, hoarding cash doesn’t contribute to exports, which is a major component of GDP.

Remember that in order to take advantage of a tax haven, you need some sort of presence there. Even an evil megacorp will need to hire some amount of Irish workers for their local presence and pay Irish banks to manage their cash, and those contribute to the GDP by paying for Irish workers and services.

For places like Monaco and Bermuda, well, the uber-rich need to own their mansions, keep a place to dock their yachts, and whatnot.

Also, you ignored Finland and Sweden, both of which have higher per capita GDP than Japan while bringing up the “Ireland is a tax haven for evil corporations” argument, and neither country is known to be a tax haven.


#405

They rent a tiny office and hire one person to sit in it, answer the phone, and check the mail.


#406

And again, you need to pay an Irish bank, which has employees and what not, to manage all your money.

Edit: and also, let’s look at Apple, which has often been blamed for using Ireland as a tax haven. They currently employ 6,000 people in Ireland and has invested 220 million euros in its facilities there. Hardly a tiny office with one person.

Source: Irish Times


#407

Apple has 6,000 people worth of money to count.


#408

6,000 people that apparently work in a factory building custom ordered iMacs for Europe and neighboring regions. Also customer support, sales support, finance (so yeah, some money counting, I guess), logistics, transportation, and iTunes.

.


#409

Guess that’s stuff they need to do in Europe anyway, so might as well do it where you already have a tax haven office.


#410

And even if that were the case, remember, the fact they may hoard cash there has no effect on GDP. GDP only comes from actually produced goods, services, and spending. Cash sitting in a bank account has no effect on GDP. It doesn’t matter if it’s your cash, my cash, Apple’s cash, or anyone else’s cash. It’s not contributing to GDP.

Ireland produces a shit ton of stuff relative to its size and has a trade surplus. That is the source of its high GDP.


#411

He also promoted a white nationalist Baked Alaska’s TikTok video by laughing at it and posting it for his audience again. Then people blamed journalists for actually bringing up the dude was a white nationalist “cause how can a millionaire possibly research to find out if someone in a random video is racist?”

People gotta really look out for online cults of personality on the Internet. If they feel the need to be political then the ramifications will be horrid.


#412

#413

Thinking back. How much of eSport viewership is fake?


#414

#415

On the bright side, when the liquidation sales hit it’ll be possible to get a PS4pro at a decent price.


#416

The Wii Shop Channel is dead, long live le piratebay.


#417

I believe that video was debunked at some point.
In any case, R.I.P. Wii Shop Channel.


#418

It may be gone, but the Jams live on.


#419

The new normal?

$60 game comes out.

$30 Season Pass DLC comes out

Game is discounted on a sale to $35

Game + Season Pass DLC is now $65.

:neutral_face:


#420

I go play a free game like AutoChess instead.

Profit!


#421

I just gravitate back to Overwatch, the gift that keeps on giving.