Taiwanese people and their Money

You know what’s wrong with us Taiwanese people? We love money too much. We love it so much, most of us don’t even know how to part with it properly (i.e. spend it). If you ask 100 rich ass Taiwanese people where all their money is at, 95 of them would tell you it’s in real estate. What’s real estate good for? Well since I’m no rich ass Taiwanese, I can only venture a guess, but my best guess is that real estate makes them more money. In logic, we call that a circular argument. Why do you want to make more money? So you can make more money, all the while ignoring to address the question of what money can do for you. In origami, that’s called a mobius strip. I guess the second thing real estate is good for is, well, looking empty. I will never understand why rich people want houses they don’t live in, with rooms they don’t sleep in, hot tubs you can swim in (but don’t), and swimming pools you can drown in. But that’s what Taiwanese people do. Drive down 市民大道 in Taipei and you’ll see maybe a hundred ads for condos and houses, 80% of which cost more than 30 mil NTD. Here’s a math question for you: for a median salary of less than 30k a month, how long does it take for hell to freeze over?

American rich people at least have the pretense to do good with the money. You know, start a charity or something, and not just for tax break reasons. That should work for Taiwanese people, because we love a good name, but hasn’t happened because we love money more. If rich ass people don’t want to give it away, fine, at least find new and novel ways to be lazy, because god knows that desire to be lazy has driven technological advancement since the dawn of mankind (also the desire to live longer has driven medical advancement). At least that should benefit the rest of the world. Or at the very least buy a freaking sports team; you create entertainment and jobs, and the world is a much happier place.

Why do we love money? Well seeing as we don’t understand the utility of it, I say it’s all in conditioning. Where else in the world, other than in Chinese culture, do you see kids be taught from as early as they can remember, to be happy and thankful when given a red envelope full of cold hard cash that they can’t possibly comprehend at that age? Hell as early as 1 month out of the womb, someone will shove an envelope in your hand that you will grasp via a reflex that ironically is designed for survival. And when you coo in protest, it will be interpreted as a “thank you!!” Come on, if you’re told every year to love every stranger who shoves you a red packet you’d come to love money subconsciously too. And even as this bombardment on our subconscious is going on, our TV tells us how awesome rich people are for no good reason. We look to our rich for opinions in all kinds of things: from personal tastes to politics. I can understand if the everyday citizen, having been brainwashed to love money, look up to the rich. But what’s the government doing catering to their every need like cat owners to cats?

The worst thing in this sick relationship between Taiwanese people and their money, is that we don’t want to earn it. That’s right, we just want to sit our asses and watch money fall in the bag, as if life is one big slot machine. Sounds paradoxical? Well it’s not. We’re just ahead of the curve. Let me explain: Remember how being lazy is the driving force of advancement? Well we take that to an extreme. Much like how rich people put all their money in real estate for no reason, we of less riches all dream of making money off collecting rent, or off stocks, or off gambling, and other things that require minimal work.

All this combines to make the dysfunctional country that we have now. Most our money is in the hands of the rich who are not doing any “real” work with it (except to make more money) because they don’t know how. The people who don’t have the money mostly dream about having money, but also dream about not doing any work. Money should be the means to an end, but Taiwanese people from top to bottom have made it their end because that’s how we’re brought up and no one has told us otherwise. Now tell me, how is a country like this supposed to advance?

4 thoughts on “Taiwanese people and their Money

  1. 對不動產不夠了解,不過我覺得理想的房屋稅應該是這樣:
    1. 按交易實價課稅(五百萬跟一千五百萬的房子課的稅應該不同,且逐年依地價而調整,地價增高就加稅,降低就減)
    2. 第二或第三個名下不動產要課更重的稅,並且禁止貸款額度(既然有能力買三四棟房子,為什麼要靠銀行貸款)

    這樣可以制止貪婪無厭地炒房的人,這比現有奢侈稅實際多了,真的需要房子(拿來住而不是拿來炒作)的人也才買得起。不過我覺得以上不會有實現的一天,因為現在有權改變的人,就是最愛炒房的人,不希望房市崩盤的人,就是房地產最多的人。

    最後一個抑制台北房價無限飆高的方式,就是遷都台中拉 xd

    說多了,不好意思,在這撒野…

    • 歡迎歡迎~

      增值稅要課,房屋稅/地稅也要提高。也就是交易所得稅要提高然後持有代價也要提高,應該就是你的第一點吧?

      第二點其實現在好像已經有提高稅額了 (自用住宅與非自用住宅的分別)貸款額度我就不是很清楚了

      不過你說對了,現在有權改變的都是既得利益者,所以上次才有推友說到誰上去都一樣爛,因為都還是一樣檔選只想賺錢。

      要換地方住也要有工作啊,自己在家接案的比較有可能說走就走吧 …

  2. i don’t know if it’s just taiwan, but i want to say that this also applies to the majority of americans. or maybe this is “our generation.” we are unappreciative and we don’t want to work for our money and we want to be rich for the sake of being able to throw money away (at least taiwanese people will hoard it in the form of real estate?). immigrants of wealthy families here in the u.s. especially.

    note that while poverty remains a big issue in america, it is nearly non-existent in taiwan. that must mean something.

    btw, two borderline related article, i forgot if i’d ever sent these to you:

    http://www.businessweekly.com.tw/KBlogArticle.aspx?id=2935&n=20130608104344

    and

    http://tinyurl.com/l25dyg6

    • I personally think throwing money away (i.e. wasting it on random useless shit) is better than hoarding it; at least it’s flowing around and value is being extracted.

      re: poverty. I’ve never really thought about that before. I quickly looked it up and it looks like in TW the poverty line is set below minimum household spending to survive (about 15k NTD in TPE, and 10k the rest of Taiwan). The poverty population is around 350k.

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