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Dec 17, 2023·edited Dec 17, 2023Liked by Olivier Roland

Great article, thanks for taking the time to dig the sources and analyze them!

I'm sure governments are aware of the situation... Hence the "global minimum corporate tax rate" proposal... ( https://en.wikipedia.org/wiki/Global_minimum_corporate_tax_rate )

Here's an update from 2 days ago: "As of 1 December 2023, 33 countries have either introduced draft legislation or adopted final legislation transposing Pillar Two’s model rules into their national laws. An additional 17 jurisdictions intend to implement Pillar Two, although they have not proposed legislation to do so." https://taxfoundation.org/blog/global-tax-agreement/

And they are now calls for a "global billionaire tax" as well: https://www.icij.org/investigations/paradise-papers/a-global-billionaire-tax-could-generate-250-billion-annually-researchers-say

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Great article!

I definitely feel the Laffer curve warming my butt whenever I decide to do some over hours. You get more responsibilities, more nominal pay but the ROI is always against you. Try to get that promotion to see what happens!

Then people come up with all sorts of crazy terms for that: Quiet Quitting. Or that Chinese one, Laying Flat. It's just not worth it to be a wagy: you work, get taxed to your bones, and have the privilege of working harder to be taxed even harder.

That's when entrepreneurship also becomes much more attractive: you save on taxes, have no upper limit to how much you can earn, save yourself from the office politics.

The first point I think is not necessarily complete unless you expose also what were the different income levels that got you to each one. Additionally, one pernicious taxation that is not there is inflation. But that's for another day.

The Tyranny of place is becoming no more (The Sovereign Individual's book mentions this concept of mobility, take a look https://amzn.to/3tdAjUx)

Looking forward to your book! The Way of the Intelligence Rebel is already on my shelf to give my kids when they come of age.

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