Von der Leyen: €300 billion in European savings flown overseas every year, primarily to the US, will be invested in Europe from now on. All 27 EU states agreed to establish the S&I Union, a step toward the full Capital Market Union

[u/paneuropeanism_]

https://streamable.com/4h43qk

[u/Watblieft]

Sounds good, I'm all for a stronger, unified Europe.

But as an investor, give me reasons to PREFER European investments instead of FORCING me to invest in them.

For example:

• Offer tax advantages for investing in European companies.
• Give tech companies a better environment in which to thrive—i.e., stop overregulating them.
• Unify Europe’s stock markets so that more companies become liquid and accessible to the average investor.

In my country, the Netherlands, they are close to completely destroying the stock market by making investors pay 36% tax on unrealized returns every year. Make sure those things cannot happen.

[u/PrinzRagoczy → u/Watblieft]

"Hmm, nobody is investing in our country's companies, maybe we should try to help them become more profitable"

"That sounds like hard work, let's just force people to do so instead"

[u/utsu31 → u/Watblieft]

Aren't most tech companies already quite underregulated?

Like yeah they're more regulated than in the US, but that doesn't mean they're overregulated.

[u/Potato-9 → u/utsu31]

People chat boo regulation then praise all their devices work on usb-c.

That said the fucking headphones volume limit timer can fuck right off.

[u/CuriousButNotJewish → u/Potato-9]

There is a big difference between enforcing regulations on Apple and taking 36% of my stock earnings when they come from me trying to save up from my meager paycheck.

[u/JustStraightUpTired → u/Watblieft]

You need investment to become worth investing in and currently US companies are buying EU ones, making it practically impossible to invest in EU businesses in the long run. With how US seems to be okay with businesses abusing consumers and the economy in general, it's kind of hard to compete in investment value against that.

I'd like to remind you of Nokia. Tech business, European, doing well, bought by Microsoft, ran into the ground and that's all she wrote. It was so unbelievable how badly they managed it, that it practically seems deliberate as Nokia didn't move the business itself to the US and still did most work in Finland.

In my country, the Netherlands, they are close to completely destroying the stock market by making investors pay 36% tax on unrealized returns every year. Make sure those things cannot happen.

Oh goodie, let's just do what the US does and allow for so much market manipulation by pumping up company value with cash from another company, cutting business income to technically $0 and not paying taxes on it, while all the value is transferred into the other company and not taxed as unrealized gains. Brilliant.

The solution isn't to play by the US rules, US economy is built on fraud and abuse. Following their steps is literally asking for the same. Fuck no. Their economy keeps crashing more and more often, harder and harder each time because nothing is done to fix the problem.

[u/Appropriate-Bird-354 → u/JustStraightUpTired]

You need investment to become worth investing in

No you don't. You need prospects for profitable growth.

currently US companies are buying EU ones, making it practically impossible to invest in EU businesses in the long run

This is happening at a relatively tiny scale.

With how US seems to be okay with businesses abusing consumers and the economy in general

Or the reverse, EU regulators seem OK with limiting consumer options and hamstringing their homegrown corporations for negligible gain.

I'd like to remind you of Nokia. Tech business, European, doing well, bought by Microsoft, ran into the ground and that's all she wrote. It was so unbelievable how badly they managed it, that it practically seems deliberate as Nokia didn't move the business itself to the US and still did most work in Finland.

Microsoft bought the mobile phone business many years after it had been already run into the ground. They bought the scraps.

Oh goodie, let's just do what the US does and allow for so much market manipulation by pumping up company value with cash from another company, cutting business income to technically $0 and not paying taxes on it, while all the value is transferred into the other company and not taxed as unrealized gains. Brilliant.

None of this is how any of this works.

The solution isn't to play by the US rules, US economy is built on fraud and abuse.

Not really. It's mostly build around generating higher returns and creating more income for its participants.

Their economy keeps crashing more and more often, harder and harder each time because nothing is done to fix the problem.

This is false. The US hasn't had a serious crash in going on two decades.

[u/the_mighty_peacock → u/Watblieft]

The difference between regulation and overregulation is who gets to be on the receiving end.

Im sure if you talk to the average American employer they will tell you that any kind of employee protection and environmental measures are killing the market.

[u/dbxp → u/Watblieft]

I think consistency of regulations is more of an issue than the number. Allow the EU to be treated as more of a single market for things like privacy regulations 

[u/JrSoftDev → u/Watblieft]

I'm also all for a stronger, unified Europe, specially when the fascists take all the power in their hands /s Let's also give them an army! /s