Prob the best explainer of why Indian trade was wrong by LinkedIn legend Gerko

There's still time left to register for our ✨Founders Social✨ at @EthereumDenver! Come talk all things token launches + token fundraising. Co-hosted by @pivotglobal_xyz's @JoyceInNYC and @sabraham, RSVP below: lu.ma/llr0nbkr

Zellic CEO @gf_256 will be joining @sabraham, the CEO of @anchorzero, to answer your questions about taxes, security, and security audits related to TGE. If you are interested in joining this session on Thursday, February 13th, use the Luma link below to secure your spot.

Preparing for a TGE? Join @sabraham from @anchorzero & @gf_256 from @zellic_io this Thursday to ask any questions you have about security audits and taxes related to token launches. 2pm ET, 02/13. Register here ➡️ lu.ma/xqq7azqc

Taxes are also a major part of why venture capital and innovation is dead in Europe, and why we have no chance of leading on AI or tech in the years to come. Imagine a venture firm backing a new AI startup in the UK. To be competitive, its highly skilled employees would need to take home after tax similar to what they can earn at other leading AI startups globally. That means high pay and, in the UK, high taxes on that pay. At marginal rates of ~70% for high earners, the venture fund can expect to pay up to $700k out of every $1m it puts into the startup almost straight to government via various forms of income tax, national insurance, council tax, VAT, and many other smaller taxes. The venture firm’s money would therefore go a lot further if it just backed a firm in another country with lower tax rates. Tax on individuals is also a tax on capital and a tax on innovation. If you heavily tax innovation you can’t expect to grow.