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Diary

Holiday Resorts and Peace

Traveling is a great way to explore other countries, cultures and their people. While this is especially true for travelers, it is ironically just as true for the typical holidaymaker. The typical European holiday resort is basically a large conglomerate of hotels, restaurants, cafés, shops, casinos, and nightclubs. At the airport, the beach, in the café and in the hotel lobby you meet German holidaymakers just as you meet British, French, Dutch, Swedish, Italian, Danish, Polish, Russian, Swiss, Spanish, Turkish, Ukrainian, Norwegian, and sometimes even American or Asian tourists.

Despite some small complaints that the Russian and English drink too much and party too hard, all these people enjoy their holidays with each other. Russians don’t attack the British with bar stools, just because their prime minister accused their president of something (The exception proves the rule). People want to live peacefully together. They wish to live with each other. And all want to enjoy the time they have in their holidays at its most.

This is true on a microscale (the holiday destination) as it is on a global scale (our world). People want to live and enjoy their life. The aim is to minimize conflict to increase positives. The holiday destination shows that the regular Joe, Wadym, Ilker, Marius, and Fernando don’t want to fight senseless wars with other nations or accuse each other of stupid shit.

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Posts

0% Income Tax for Mothers

There is a simple way to support families – especially mothers – and guarantee mothers a secure retirement: 0% income tax with 30% of the personal income of the mother paid into a personal pension fund.

In many countries, the income of mothers who work part-time is already in a preferred tax bracket. Meaning, the income from the part-time or a significantly lower paying job is taxed less. Nevertheless, the impact of taxation on a part-time income is still significant and noticeable.

To support mothers – today and later during retirement – we should scrap the income tax on the part-time earnings of mothers. This way, mothers earn gross for net, which make part-time work as attractive as working full-time.

But instead of paying out 100% of gross income, a part of the income is invested into a mandatory personal pension fund. This way, during 18-22 years of motherhood with part-time work, mothers are compounding a personal pension of which they can live during retirement. The fund should be tied personally to the mother, so the retirement is completely independently of her husband.

$258.271,60

Let’s say a mother works part-time and currently earns $1,750 gross pay. Instead of taxing this income, 30% of it is paid into a personal pension fund tied to the mother. This equals a monthly saving sum of $525. Assuming the mother has two children and works part-time for 20 years while raising them until 18 years old. During this time, her savings compound at an assumed interest rate of 1% to $138,719.73. At 7% ROI – a rule of thumb for pension funds – the mother has access to a pension fund of $258,271.60.

If we assume, the mother keeps working part-time for another 15 years after the kids have grown up, and keeps paying in $200 per month into the pension fund with an average ROI of 7% per annum, the mother retires with $772,887.49.

Supporting Single Mothers

Single mothers should be taken separately into account. The monthly contributions could be lowered to, i.e., 15% and the state throws in the remaining 50% or any amount necessary to reach a defined minimum saving amount of, i.e., $400 per month. Single mothers will notice the effect immediately in their bank account. Simultaneously, we eradicate old age poverty for single mothers.

Note: The same should obviously be applied if mothers prefer to work full-time and fathers part-time, and so forth.

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Essays Featured

Corruption – Solving the World’s Most Important Problem

We see so many problems around the globe. Experts are warning about massive inflation, we see forests burning. The ocean is full of plastic rubbish. The COVID-19 pandemic halted the world economy. The virus and the lockdown measures are costing millions of lives. What role does corruption play, and why is it our world’s most important problem? Which tools can be design to fight corruption once and for all?

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Posts

Avoiding Ghettos with Quotas

Denmark announced in March that it plans to limit the number of “non-Western” residents in neighborhoods to a maximum of 30%. The plan is to avoid the emergence of parallel societies and ghettos. This unexpectedly was a great opportunity for the sensational media to formulate attention grabbing headlines. However, in this article I want distance myself from attention grabbing headlines and talk about how quotas might actually establish a more equal and fair society – especially for immigrants.

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Posts

Let International Students Study for Free

When it comes to education, what sets apart most European countries to Anglo-Saxon countries – especially the United States of America – are tuition fees. While students in Germany, Norway, Sweden, Austria, Finland, Belgium, and counting can study at minimal or no costs, students in the United States, Canada, and Australia do easily pay more than $4,000 just for tuition fees.

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Posts

Stop the Political Short-Termism

In our Western democracies, what are the largest obstacles we face in our political system? Obstacles countries like China e.g. don’t face. The largest issue we see in our Western political systems is a result of short election periods.

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Fighting Fake News

A Trustworthiness Index

Fake news was most likely one of the most heard and used terms in 2017. The term is used to describe untrustworthy or false reporting in the mainstream media. It is also used to explain the phenomena where Facebook users randomly share false Facebook headlines which were published, i.e. by an ultra-left or ultra-right Facebook page. Both channels are the reason why as many people as never before have been in contact with the actual fake news.

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Posts

(Macron)LEAKS When Small Groups gain more Power than Governments

Last night, Emanuel Macron, the presidential candidate for the French election on Sunday, claims that he and his campaign are victims of a massive computer hack. This is happening to a strange point in time.

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Posts

Why Banning Technology is Stupid

Last Saturday I read the article “You’re Fired” which was published in the weekly newspaper DIE ZEIT. Steven Hill the author of the article is of the opinion that we should forbid certain technologies.

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Posts

Before we talk about TPP, TTIP, TiSA let’s talk about Wage Inequality

The world and left-oriented press and media are reporting non-stop about Donald Trump and the Brexit. Are these election results simply results of racism?