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by arjun-menon
2028 days ago
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> I wonder if it will be solar energy generation due to natural abundance. Yup, it’s happening. Gigawatts of solar power is being constructed. The UAE is getting this solar energy at the cheapest price per watt worldwide as well: https://www.forbes.com/sites/dominicdudley/2020/04/28/abu-dh... > will be dependent on importing talented labour This is already happening at a massive scale. > That will only happen with low tax rate This is also already true. The personal income tax rate is 0%. Most types of companies don’t pay any taxes either. The only tax you directly incur is the VAT of 5%. > Will this be an ideal egalitarian society? In the future, it’ll probably transform more and more into a sort of hyper-capitalistic and highly-successful country like Switzerland. |
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