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We keep attempting to set up competitive companies, while disregarding that the competition consists of conglomerates that are essentially subsidised by their own overvaluation.
In this context the question becomes: do we want to submit to American cheating or do we want to embrace technological sovereignty
It's more than just that. Europe doesn't have the venture capitalist culture that drives modern innovation and the rules and regulations are generally business unfriendly.
We have the capital, but not the framework.
It's funny how "business unfriendly" is just code for having to pay taxes, or having to contribute to the societies they profit from in any way. God forbid we should be able to afford the infrastructure keeping their businesses afloat!
We can collect money from average citizens and create the new ventures that way, [with them as the shareholders]. But people rather spend money on a vacation than on a company.
There would be no need for billionaires if average citizens were willing to risk their money.
Downvoters, from where should the money come?
Link further down:
Fuck you, that's why.
Accusing workers from taking vacations is an absolute abominable bullshit only ghouls would ever spread.
So to get a real answer:
Fuck capital, it doesn't do shit. People improve technology, and they need resources for that. Simple as.
So EU should dedicate more resources to research and development of technology it can't survive without. Lessen the dependancy on China and US.
Specially open software, that investment will bring back tenfold more growth very quickly. Don't need many resources for that, just feed people.
I know less about hardware, but semiconductors are in everything, so we all need to stop producing products with them, as well as having more producers, so you can have ethical and ecological lifecycle.
Again: we don't need european Torment Nexus
The guy you're replying to is the typical parasite that would thrive in Dubai or the US because there, empathy is a disadvantage, not a basic human condition.
We need a common tax code in the EU that taxes profits progressively for companies to have incentives to re-invest in R&D. It needs to have allowances per capita for domestic production and workers so we reduce capital outflow and we need to make stock buybacks illegal. The way it's set up today, it's just a massive capital vacuum that extracts it from people and transfers it to stockholders.
I am arguing that the people have to be the stockholders so that the profits stay with the people. That is the opposite of what capitalists do. How have you understood my comment that you think I am a parasite?
Private equity and hedge funds are already overwhelmingly funded by pension funds. I don't understand how much more you want to extract from working people. The real question is why are we letting the inbred offspring of the former nobility manage our funds under the guise of expertise when it's been shown that an octopus can outperform them when it comes to long term returns from investment strategy. They give our money to dude bros to invest in brilliant ventures like FTX and we're left holding the bag. That's why you're a traitorous parasite, you want to extract even more from those who already contribute the lion's share.
Because people prefer to call me a parasite instead of organising it themselves.
Of course, some people have additional money but that is not enough to outcompete the rest of the world: https://commission.europa.eu/topics/eu-competitiveness/draghi-report_en page 280 of part B.
Everything comes fron the workers. If the workers don't own it, others take it. People won't do a revolution. How else but with investments can workers own more?
The reference you shared says exactly the opposite of your point. It points out fragmentation and lack of uniform regulation... Which happens to mirror some of my arguments.
Jesus, lemmy sometimes reddits.
I have no objections to your suggestions. Tax buybacks!
My problem is with:
I hope the quote above clarifies why more investments from regular people would be a good thing.
You did not understand the quote you shared. We already save more. Regular people don't have the fiscal or financial education to make good investments. The problem is our investment class is filled out by amoebas that belong to inbread lineages.
People also couldn't read.
We have to find a way that the money of people ends up in innovative companies that employ the people while they also own the companies. We can't rely on the amoebas. So the people have to figure out who of them should make the investment decisions instead. There is nobody else who could do it.
Incentive structure. Make a unified tax code with progressive corporate tax with per capita allowances based on local workforce size.
That's what I've been saying from the beginning. People's money is already invested.
It is invested, but not to the extend of the US. It is in saving accounts where the bank shields the people from risk.
The banks cannot invest that money in risky startups due to regulations. This means even European startups end up in the ownership of American capitalists because they get the funding from there.
The per capita tax structure is an incentive to maintain a local workforce. I don't think that it helps to have the funding for more new ventures that would employ that workforce.
I disagree, we end up in the hands of US conglomerates because both EU and US antitrust enforcements are a joke. We lack enforcement to structure the incentives. There's 0 chance that a true democratic society would allow meta to operate Facebook, Instagram and WhatsApp under the same umbrella. Further, the US prints the world reserve currency, so trying to compete at their "hook people on free services (aka, vc funded dumping) and when competition dies, enshitify" is a losing game. We need to play a different game, innovate in fiscal regulations.
How do fiscal regulations help with Facebook, Instagram and WhatsApp?
Having average people own the companies is different. What do you have in mind?
Thank you.
In my defence, I wrote spending on vacation, not taking vacations. It doesn't cost extra money to relax at home. In my opinion, that's the easiest way to save money.
Yes
That won't happen on its own. Like investing, people don't vote in their best interest.
The EU and all public institutions could shift to the Fediverse for free. There is a server but no commitment. All news reference X.
That's the question. Who brings the money? It will take 4 years minimum to vote for enough good politicians in the EU. People could start a new company on Monday.
Best of all, the money would not be gone but people would own companies.
That is your very limited and incorrect interpretation of what businesses unfriendly means. Businesses want a clear framework where the processes to adhere to the law are predictable and preferably streamlined in an efficient way. In many countries inefficient administration is a huge issue, like in Germany or France. This has nothing to do with taxation but with predictability and agility in doing business.
Agreed. Here in Germany there's a big problem that even all business have to comply with many regulations meant for corporations, making the expenses for smaller companies enormous.
Given: not all of them are driving innovation, but my entrepreneur friends who run their businesses in Germany plan to move their endeavors elsewhere.
I'm all up for a social state, but not for the laws that only large corporations can easily follow.
Disclaimer: I'm not a lawyer or a businessman myself and only know about the matter anecdotally.
I'm interested in what these regulations are. In Sweden there is often talk of how the law for job security (lagen om anställningsskydd) is the biggest hurdle for businesses, making it expensive and a risk to hire people since you can't just fire them willy nilly. Critics make it seem like you can't fire them at all, even for being incompetent, when in actuality you can if you just set clear expectations and document why they are not met. Not to mention the six month trial period for new hires where you can fire them willy nilly, and I wonder what jobs there are where half a year isn't enough to tell if they are a good fit.
Entrepeneurs (translation, mostly dude bro type) don't like to pay taxes or wages so they delocalize to parasitic societies like Estonia that allow tax residence while furnishing avenues for fiscal engineering to reduce effective taxation.
We need a harmonized EU fiscal code with a progressive corporate tax with per capita allowances ONLY if your workforce is EU based. Let's see BOSCH fire 14k in Germany alleging headwinds only to then hire the same amount in India with a fraction of the labour cost. We need to stop our ruling class from committing wage theft by using slave labour abroad while collecting spending domestically! That's not capitalism, it's imperialism!
Imho, the main blocker for buisines in Sweden is Sole proprietorship (Enskild firma) taxation. After the grace period it is fucking 55% of the income.
Imagine working for the whole year, and then government takes MORE THAN A HALF, of what you have earned.
It is outrageous, honestly, and prevents a lot of positive development in the country.
Oh fuck off, 55% is even low for the level of societal support the country has. Imagine having your labour sucked dry by a trust fund baby cunt and then while you're taxed fairly the trust fund baby barely pays taxes through fiscal engineering.
We need the 28th regime asap, but I am afraid the fucking national states will block it in their endless small-minded "protection of their suverenity"
https://en.wikipedia.org/wiki/28th_regime
How can something be optional and harmonizing?
From the German page:
Does the EU define that regime doesn't have negative connotations? This is a bad sign.
https://en.wikipedia.org/wiki/Regime