> Tangentially, it reminds me of something I heard about Scandinavian countries (though I can't vouch for the veracity of it). Since you were going to get the hell taxed out of you no matter what you did - it made more sense to focus on doing what you loved as a career.
I live in Scandinavia and it's not so much about being taxed the hell out of it, it's more that whatever your profession you will, most likely, have a decent income to live with dignity and some comforts, and getting "rich" by simply working for a FAANG-type/finance company with absurd amounts of bonuses through options/RSUs is not viable.
Also, there are safety nets in place in case you want to risk going self-employed/starting a company with your profession. If you are a carpenter and want to start a small business, failing is ok because you likely won't be homeless or starving.
My feeling is that it's more about income inequality being relatively low while still having enough range that it pays off in case you work with something that requires more extensive training (law, medical, etc.).
I live in Scandinavia and it's not so much about being taxed the hell out of it, it's more that whatever your profession you will, most likely, have a decent income to live with dignity and some comforts, and getting "rich" by simply working for a FAANG-type/finance company with absurd amounts of bonuses through options/RSUs is not viable.
Also, there are safety nets in place in case you want to risk going self-employed/starting a company with your profession. If you are a carpenter and want to start a small business, failing is ok because you likely won't be homeless or starving.
My feeling is that it's more about income inequality being relatively low while still having enough range that it pays off in case you work with something that requires more extensive training (law, medical, etc.).