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Isn’t this basically the situation in Europe? It seems like that just supercharges brain drain by incentivizing all the smartest and richest people to just mov
by Dig1t 2mo ago
Isn’t this basically the situation in Europe?
It seems like that just supercharges brain drain by incentivizing all the smartest and richest people to just move away to a place with lower taxes and less bureaucracy.
- 8note 2mo agoi dont think we know enough to say it does. if the trend remains without the USD being the reserve currency then maybe? Id lean as a first guess that easy access to lots of free money is the bigger driver
- Dig1t 2mo agoHow does the USD reserve currency impact this? Billionaires can hold the global reserve currency in a different country/state with lower taxes and less bureaucracy. e.g. Marc Andreessen can move to a different state or country and start incentivizing companies to form in that new jurisdiction. We are seeing this already with many corps relocating from California to Texas. >lots of free money What do you mean by free money? Who's getting free money from whom?