Earlier quoted context omitted.
>It's sad to see the European continent lost the race to create a decent startup ecosystem What's ironic and sad at the same time is that pre-2022 Russia's Yandex(domestic Russian variant of Google) was lightyears ahead of what EU, a significantly richer and more capable block, had. IIRC, their reverse image search was so good, they had to nerf it because people were using it to find the identity of people from photo…
Not surprising. All the Yandex people that moved over to here to the Netherlands that I know of are astounded about the insane difference in the tax burden between what they had in Russia and what they have in Western Europe (when their 5 year tax discount ends, that is). If the government takes the bulk of your income after a certain point, there isn't really that big of a push to create ground-breaking technology.
And yes having nice things cost money. And a safety net is important.
I would never want to live in America even if I got 3x my wage. Nor Russia of course but that's a foregone conclusion.