Dubai is gone as a safe tax haven

[AION]

I told a friend not to invest in Dubai, but he was caught up in group think because everbody was investing in Dubai and I think his investments will soon go up in smoke.

Yea Dubai has zero tax but that comes with a price. If something is too good to be true there is a reason for that. That counts for crypto but also like places like Dubai.

People are finding out how important safety is and that is cost a premium in the form of tax. You can't have your cake and eat it too. But I'm secretly enjoying this shit show too because Dubai lovers were getting so annoying. They were making fun of me that I have real estate in Turkey. Now I'm the one who is laughing since my investments are going up in price while theirs are going up in smoke.

Dubai is the modernday of Gog and Magog and Babylon at the same time. The UAE was sponsoring terrorism abroad and the chickens came home to roost. My intuition already told me this was going to happen because one really reap what you sow.

[NewKidOnTheBlock]

Hmm. What about places like Monaco or Bahamas? Those are also tax havens with zero income tax, zero capital gains tax etc. and I don't think there'll be any war, like, ever. Seems to me that Dubai has just gotten very unlucky, instead of some divine karma intervention from above. Happens a lot in this grim reality we are living

[ricachica]

14 minutes ago, NewKidOnTheBlock said:

Hmm. What about places like Monaco or Bahamas? Those are also tax havens with zero income tax, zero capital gains tax etc. and I don't think there'll be any war, like, ever. Seems to me that Dubai has just gotten very unlucky, instead of some divine karma intervention from above. Happens a lot in this grim reality we are living

Those places aren’t engaging in sponsored terrorism. The tax thing is not a direct correlation to the war. 

[Lyubov]

Definitely a blow to the image of Dubai as a safe eclectic modern take on islamic rule in the middle east. In reality I doubt it will substantially run out all investment and development. I do think people will be a bit more sober about the place now. 

[AION]

No, the Iran conflict just started. So the current carnage is just the appetizer.