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Comment by yc1010

I have been working for myself for last 8 years after completing my masters, in hindsight financially I did not do too badly (tho there was some great and ups and incredible downs!) and it is NICE working from home and watching your kid grow (tho there are quite a lot of distractions!!! says he who is procrastinating reading HN :D )

BUT if I was offered a job with guaranteed employment and steady wages and (gaaasp pension!) like being a teacher I would go for it. Having kids changes your perspective.

I would have been financially much better of if it wasn't for punitive taxes in Ireland, here you reach ~53% high tax rate with only about ~$35K in income. And then there are new property/water taxes they brought in now as well as 23% VAT :( All of these taxes really make you ask yourself "why bother work harder and longer" and really kill any incentive to work. And no we do not get free healthcare here still need to pay for medical insurance out of aftertax earnings. And as a business owner I do not qualify for the full welfare if things go to shit, despite paying high rate of social taxes.

edit: Now that I read my rant in second half of my past, no wonder no good startups come from here, the atmosphere is toxic to entrepreneurship.

parent yc1010 11 years ago

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