Live data from Hacker News

$1T is leaving Britain because of Brexit

cnn.com

241–250 of 283 posts

Re: $1T is leaving Britain because of Brexit

#241
post #224

Earlier quoted context omitted.

Good point, but then why not the US, Canada, etc? I suggested in another comment a historical component to this, namely the legacy of the British empire. It seems logical that having exported our governance for a long time our legal system would be well known through the world too.

>Why not the US, Canada, etc? English law tends to be incorporated into contracts that are made among countries in Europe, Africa, Asia and parts of the Caribbean. However, contracts made between US entities and other entities frequently incorporate the law of the State of New York and even refer all disputes to courts in the City and County of New York so venue is locked down. There's also an increasing tendency for…

TIL, thank you!

Re: $1T is leaving Britain because of Brexit

#242

Earlier quoted context omitted.

> The ability to travel, reside, work anywhere I desire in the EU as a right that I can rely on instead of having to ask for permission This was a founding principle of the EU and has been weakened recently as I'm sure you know. Also, in most countries you have to register and are only allowed to stay 6 months without work. Marrying people from other countries in Europe is not a problem and not an achievement of the…

Registration is a matter of declaring that you're there. You have to register, only if you're getting employed or applying for benefits... I can rent an apartment in Warsaw, while officially working in Berlin and never bother telling Polish government that I am a resident there. (FFS! I did that multiple times in various EU countries... Ireland, UK, Netherlands, Denmark, Italy...) And guess what? Nothing will happen.…

> I can rent an apartment in Warsaw, while officially working in Berlin and never bother telling Polish government that I am a resident there

Good for you, but I "can" sneak into any country of the world and remain there illegally like you. It doesn't mean I'm entitled to and neither are you.

> And guess what? Nothing will happen. At worst I'll show my tax statement from Germany and tax authorities will fuck off.

You are dreaming. Look at the legislation and don't argue with slacking bureaucracy.

> Now I moved to US.... Where I have to ask permission to fucking leave this shithole of a country.

Did anyone force you to? I perfectly understand "leave" voters who want to prevent this kind of migration: people who come for economic reasons but show no respect for the country and its laws.

Re: $1T is leaving Britain because of Brexit

#243

Earlier quoted context omitted.

Overspending is hardly the issue... People that are angry at the "polish immigrants" are no better about it today, than yesterday.

Read up on the Kalergi Plan

https://en.wikipedia.org/wiki/Altiero_Spinelli

Re: $1T is leaving Britain because of Brexit

#244

Earlier quoted context omitted.

Registration is a matter of declaring that you're there. You have to register, only if you're getting employed or applying for benefits... I can rent an apartment in Warsaw, while officially working in Berlin and never bother telling Polish government that I am a resident there. (FFS! I did that multiple times in various EU countries... Ireland, UK, Netherlands, Denmark, Italy...) And guess what? Nothing will happen.…

> I can rent an apartment in Warsaw, while officially working in Berlin and never bother telling Polish government that I am a resident there Good for you, but I "can" sneak into any country of the world and remain there illegally like you. It doesn't mean I'm entitled to and neither are you. > And guess what? Nothing will happen. At worst I'll show my tax statement from Germany and tax authorities will fuck off. You…

> Good for you, but I "can" sneak into any country of the world and remain there illegally like you. It doesn't mean I'm entitled to and neither are you.

Fun fact - nowhere have I been illegally. And yep, But sure... You define illegally however you wish.

> You are dreaming.

Yep... I've done that twice. That's my dreaming.

> Did anyone force you to?

I was lied to. You know Americans love to claim that USA is the greatest. It's not. And I made slightly more in Europe, than do now.

Re: $1T is leaving Britain because of Brexit

#245
post #221

Earlier quoted context omitted.

That's not so much the problem here. The problem is that the voters answered the wrong question, as a result of a bad binary choice and lying campaigns. If voters had known what they are in for, they wouldn't have voted to leave.

Have you asked each and every person to come to your conclusion? I voted "leave" because I don't want unelected officials like Junker deciding the law of the land in a UK. Perhaps you should get more informed and read up on the Kalergi Plan.

It looks like what this guy was saying was that people would be fucking a lot and ethnic groups would mix as time moves on. I mean, this is literally the story of homo sapiens. Mass migrations and ethnic mixing - been happening for hundreds of thousands of years.

You really shouldn't have voted leave my friend.

Re: $1T is leaving Britain because of Brexit

#246

Earlier quoted context omitted.

I don't feel bad (much) for those who voted for Brexit - all they had to do was spend 15 mins googling and thinking. Even if they didn't understand the full impact of leaving the EU, it was plain then (and now) to see it is such a bad idea from any angle. I do feel bad for those who voted to stay - they're gonna suffer now, despite voting responsibly and sensibly. I don't know how to take this - one way to look at it…

> I don't know how to take this - one way to look at it is democracy won and people spoke Democracy failed here. People elect representatives for a reason. Normal people shouldn't be expected to understand the complexities and nuances of a public policy decision. It should have been the responsibility of the elected representatives to have reasoned discussions, to weigh the pros and cons etc. and finally make decisio…

I agree, however I feel the same about the election of President Trump. The founding fathers created the Electoral College to prevent the masses from doing something stupid. The US Constitution is a document that was designed to only allow as much democracy as needed to prevent a dictator (King) but no more. The founding fathers, internally vs what has been publicized, were teriffed of the masses. The masses in charge get you the French Revolution. While I agree there where some that needed to loose their head it became a blood bath. I would say the same thing of China, where the masses happily killed everyone Mao pointed at.

Re: $1T is leaving Britain because of Brexit

#247

No surprise. Passporting (allow banks to operate in all members of the EU if they are licensed in one member) is a key to all of the banks operations. Every bank based in London for that purpose now has to open a regulated branch in an EU member. The next thing to kill the market in London will be the movement of Euro clearing to an EU member. Brexit is a self inflicted shot to the head. The number of people that sup…

Sure, in the sort run lots of pain from this. However maybe in the long run brexit will be amazing for britain. The UK has a highly educated, creative, dynamic work force with strong anglo saxon work ethic. This is the country that invented industrialization and modern democratic governance. We stand at the dawn of a new era of technological shifts that are going to require radically different political/economic syst…

> The UK has a highly educated, creative, dynamic work force

What do these types of platitude even mean? Which country doesn't claim a highly educated, creative, dynamic work force?

Re: $1T is leaving Britain because of Brexit

#248
post #176

Earlier quoted context omitted.

These banks can't do that part of the business out of the UK or with a UK workforce anymore. So the tax income, foreign currency trade etc goes elsewhere.

Correct. Though if that business was already made out of a EU branch of a London bank (likely for retail business), the tax income was already in the EU, not in the UK.

The EU doesn't tax anything, though. You may be talking about the non-UK EU members, instead. And no, I was not referring to parts of that business...

Re: $1T is leaving Britain because of Brexit

#249
post #222

Earlier quoted context omitted.

> QLTS is the official fast-track route that enables foreign lawyers to qualify as solicitors in England and Wales. Not really an independent opinion so it seems. It would surprise me if they suggested something else, considering their business. Everyone can find someone to agree with on the internet :) International people have been judged in "Den Haag" a lot more than anywhere else. Here are my "opinionated" source…

The examples you have given are interesting because they are recent and the province of international agreements. I wonder if English law is used widely in other places and for different agreements as part of a legacy of empire?

In so far as the empire spread the English language. Otherwise, I am not so sure. I have never heard in a negotiation that a party wanted English venue with reference to the British Empire, respect of English courts or similar. It's simply more convenient due to the language.

Usually it's a matter of negotiation. In a contract between a French and a German company, the French lawyer will suggest French law and venue, the German lawyer will suggest German law and venue. If either of them have sufficient bargaining power, it may very well prevail. Among equal parties, a compromise would usually involve selecting a "neutral" legal system and venue. English is the language everyone knows, so usually English is chosen. It's not always UK. Sometimes it Hong Kong or Singapore (typically if a party is Asian). Sometimes it's New York. Generally, European lawyers are wary of American courts and American law with its exotic remedies such as punitive damages. Also, between Europeans it seems unnecessary to go to another continent for arbitration.

Re: $1T is leaving Britain because of Brexit

#250
post #221

Earlier quoted context omitted.

That's not so much the problem here. The problem is that the voters answered the wrong question, as a result of a bad binary choice and lying campaigns. If voters had known what they are in for, they wouldn't have voted to leave.

Have you asked each and every person to come to your conclusion? I voted "leave" because I don't want unelected officials like Junker deciding the law of the land in a UK. Perhaps you should get more informed and read up on the Kalergi Plan.

There is such a thing as surveys which can capture motivations and reasoning. And then there is the rhethoric of the leave campaign, some of which was obviously untrue back then (the famous NHS line on that bus), and some have turned out to be lies after the referendum (like the optimistic assumptions about a brexit deal). At the very least the voters did not have a clear picture of how the deal would work out.

Your point about "unelected officials" betrays a fundamental misunderstanding of how the EU works. "The EU" or its officials don't decide that much, if anything at all. Most of it relates to being able to exchange goods and services in a fair and safe manner. And even then, these decisions are driven by the elected governments of the member countries, because the "unelected officials" are selected and directed by those.

For example: if a company from country A is providing a service in Country B, using workers from country A, then there need to be certain rules. Labor protections should apply equally, as should professional qualifications and such. Similar things apply to goods traded between countries. If one country lowers its standards, for example for medical equipment, and the other members are forced to accept that equipment, then there is both a safety concern and a competitive concern. That's why so much regulation is coordinated at the EU level - and driven by the member states.

And no, bilateral treaties can't keep up the slack, because 28 member countries would have to have bilateral treaties with each other, which would be impractical.

Post reply on HN