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That tends to happen when one country starts giving large free handouts to corporations, yes. It’s a shame that the EU is so spineless. Tariffs and severe comme
by WastingMyTime89 3y ago
That tends to happen when one country starts giving large free handouts to corporations, yes. It’s a shame that the EU is so spineless. Tariffs and severe commercial restrictions should have been de rigueur following the passing of the IRA.
- ChuckNorris89 3y agoReminds me of Linde AG from Germany, the world's largest industrial gas manufacturer. It merged with US based Praxair in 2018 and then moved to Dublin. At this rate, every large company in Europe will move to Dublin.
- blitzar 3y ago> At this rate, every large company in Europe will move to Dublin. And will still be in Europe ...
- ChuckNorris89 3y agoWe can't all live and work in Dublin though
- blitzar 3y agoWe can't all work for the world's largest <insert industry> either.
- jcarrano 3y agoSo you are blaming the countries that have reasonable laws and taxes? It's literally the meme of the guy putting a stick in his own wheel.
- ChuckNorris89 3y agoMost of Europe's amazing social security benefits are funded by taxes, pot which is shrinking. To combat rising wealth inequality, we need to tax the super wealthy who have vacuumed most of the worker productivity gains of the last decades, but we can't because they exclusively go to the jurisdiction where they have "special deals" where they pay next to no taxes. Europe can't keep having amazing social benefits if it starts an internal race to the bottom of who can give the best tax breaks to billionaires, and then the tax burden moves on to the already shrinking middle class.
- cpursley 3y agoThe super wealthy will just leave Europe. And even if you took all their money, the math does not work - the taxes need to come from other sources. Or government spending cuts.
- ChuckNorris89 3y ago>The super wealthy will just leave Europe. Again this FUD? That's just pro-super wealthy propaganda that hasn't been proven true because it has never been done because of this propaganda FUD that the elites will leave. Most of Europe's elite has their wealth in land. They can leave but they can't take the land with them. Europe can't function if member states engage in zero tax for the wealthy race to the bottom. Nobody wins but the wealthy elite. Not all countries are Monaco.
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- WastingMyTime89 3y agoYou can’t at the same time pretend to be an exporting country in a free market world and give billions of no string attached subsidies. That’s extreme market distortions not reasonable laws and taxes. Market distortions should be met with a strong answer from commercial partners. That’s what the US keeps saying China while themselves doing worse on nearly every points.