In my last post, "Stupid is as stupid does", I pointed out that American geopolitical policies are inherently irrational— not just in that they ineptly fail to achieve their goals—but because they encourage and enable what they seek to prevent.
It’s astonishing that Russia survived so long on a 13% income tax rate. That’s literally three times less than my effective tax rate in Europe.
The map of minerals in Ukraine is pretty insightful and in a way explains why the economy of Ukraine was fueled by the East. I would only add that Donbas has one of highest Lithium reserves (valued at over $10 trillion).
I get a tiny pension from Canada. Just enough to pay for my utilities. Certainly not my rent. I fill out a tax form every year. And am officially below the poverty line since I have no income.. I pay 15% tax anyway. Shoulda moved to Russia or China when I could.
It’s astonishing that Russia survived so long on a 13% income tax rate. That’s literally three times less than my effective tax rate in Europe.
The map of minerals in Ukraine is pretty insightful and in a way explains why the economy of Ukraine was fueled by the East. I would only add that Donbas has one of highest Lithium reserves (valued at over $10 trillion).
Thanks for sharing.
I get a tiny pension from Canada. Just enough to pay for my utilities. Certainly not my rent. I fill out a tax form every year. And am officially below the poverty line since I have no income.. I pay 15% tax anyway. Shoulda moved to Russia or China when I could.
Russia wasn't cut off SWIFT until March 2022 . The Oligarchs were free to send their money abroad until then .
Really good point, Des. Thank you. And look at what happened to their assets! Putin in his Presser said, "I told',m but they didn't listen!". Eg https://confiscation.com.ua/en/news/malofeev_confiscation https://ec.europa.eu/commission/presscorner/detail/es/ip_22_1828
Thanks for your analysis, Julian.