Dear Europe, please wake up • Hacker News Board

Re: Dear Europe, please wake up

#321

Post by whiplash451 » Fri, May 03, 2024, 5:46 PM UTC

Dig1t wrote: post #241

whiplash451 wrote: post #161

Earlier quoted context omitted.

Curious about why your tax bill goes way up. Do you have data to back this up? Marginal tax rates are very similar between the US and France. France taxes more than the US is a myth that needs to go away (at least for individuals, might be true for corps)

My current tax rate is 35% where I live in the US. I would be taxed at 45% if I lived in Paris. Sales tax is 8% where I live in the US. VAT is 20% in Paris.

Lol. I invite you to do the math of social benefits you get in France for this 10% of difference in marginal tax rate.

Re: Dear Europe, please wake up

#322

Post by timka » Sat, May 04, 2024, 12:30 AM UTC

Dude has to wake up. Europe is done, it's a museum. He's thinking about tech but the real problem is lacking economical basis in Europe. Germany introduced spot natural gas prices and it skyrocketed. Next someone blew up the Nord Stream. Now Europe can't produce reasonably priced fertilizers. And all that green energy is a joke.

Re: Dear Europe, please wake up

#323

Post by guru4consulting » Sun, May 05, 2024, 10:36 PM UTC

guru4consulting wrote: post #224

mountainb wrote: post #145

The EU does not have an equivalent of US commerce clause jurisprudence (which descends from Hamilton's original economic design to prevent exactly the kinds of problems that this author is complaining about). The EU does have an equivalent to the supremacy clause, but due to cultural and political forces it cannot have the same effect that it has in the US. Another major factor that makes the US more competitive is o…

And make EU more like USA? let them be influenced by corrupted wall street, loose EPA regulations for pesticides, favor the rich in the name of capitalism? In spite of the flaws and messy bureaucracy, I still like EU for their policies towards environment, food, socialism, etc. And above all, EU is the single beacon of hope to keep a check on mega corps like Apple, Google, Meta, MS, etc.

Of course, I totally agree that EU has to work on their common standards to run/startup a business.. and it is likely affecting their competitiveness (along with few other factors).

I should have added the context for my earlier comment. I was merely reacting to the parent's proposal "..incorporate the European states as self-governing US territories under the supervision of the federal government. And absorb NATO into DoD.." It has lot more long-term repercussions than merely standardizing the standards !! I assume he was n't serious and probably just a clickbait comment to bring attention to the issue.