TD report on CANADA's BRAIN DRAIN is really interesting.
Canada is quietly losing its top talent to the United States in what economists call a silent brain drain. While Canada does a strong job educating highly skilled workers in STEM, engineering, and entrepreneurship, it struggles to keep them due to higher taxes that kick in at much lower income levels, limited opportunities to scale companies, weaker commercialization of ideas, and much better pay and growth potential south of the border.
-> Talent leaves mainly through temporary US work visas rather than permanent moves
-> Outflows are heavily concentrated among the highest skilled, especially in tech and advanced degrees
-> Onward migration is worst among immigrants and top university graduates
-> Canada has a missing middle of medium sized firms, relying instead on many tiny businesses and a few large ones
-> Personal tax rates often exceed 50 percent in major provinces and apply at much lower thresholds than in the US
-> Complex corporate tax rules push entrepreneurs toward tax planning instead of growth
All of this weakens productivity, innovation, and domestic returns on education, making Canada a feeder system for the US economy
REPORT: https://t.co/fA0VzaJDSm
Uber is just a software app. It was copied so many times in Southeast Asia, IE Grab, Gojek, BE, many others etc, using the same model.
I don't think any of those companies will buy Uber, they'll just invest in Tesla Taxis or similar. Hardware and infrastructure are the real deals.
It's income with a variable rate. I don't get why that's so hard for many to understand. Word and terms are mixed up all the time with other financial vehicles.
Just more virtue signaling and engagement for his YouTube channel really, he got the clicks and attention.
The risks are outlined and publicly available for anyone to read and comphrend, hell you have AI to explain it to you like your 5 years old.
There just isn't an excuse anymore with the tools we have today.