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> then the robot overlords will move to a friendlier nation, while also seeing inflows of unskilled humans immigrating. This is a bad assumption, the robot ove
by gnaritas 10y ago
> then the robot overlords will move to a friendlier nation, while also seeing inflows of unskilled humans immigrating.
This is a bad assumption, the robot overlords can't just move to another nation, markets don't work that way; they're here because they're selling in this market, you don't just say oh well I'll stop selling stuff in the US and only sell stuff in Germany because they're going to tax me less as it's a much smaller market and a culturally different one as well. What sells in the U.S. won't be what sells in another country, and other markets are much smaller and/or would require complete culturally relevant re-branding to a large degree that might not be possible. The U.S. is a huge basically mono culture market, the E.U. is not, you can't just move shop, you have to change the entire way you do business.
tldr; markets are sticky, the rich people don't/won't/can't just leave when tax policy doesn't swing their way because their money machines are tied to those markets.