We first chat about recent observations from our travels of what you notice about “rich” countries (whatever you interpret that to mean).

Then, we tackle one of my pet topic of Effective Marginal Tax Rates (EMTRs)—that is the combined effect of both taxes and losing welfare from earning an additional dollar (due to “means testing”). David Sligar’s recent article on the topic caught our eye.

I help clarify my argument that capital gains are just incomes with a different label, with nothing unique about them in economic terms compared to wages or other income. We can transform one into the other with accounting tricks. This was the topic of a recent substack post.

Follow Cameron and Jonathan on Twitter.

Theme music: Happy Swing by Serge Quadrado Music under Creative Commons Licence CC BY-NC 4.0

Please leave a comment with your ideas for future podcast conversations and Substack posts.

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