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390 sats \ 1 reply \ @SpaceHodler 6 Jan \ on: The Law That Will Ruin The U.S. Tech Software Industry 🇺🇸 tech
Good for other countries. This is what we need more of - bad laws to contrast with jurisdictions where the laws are not as bad, so people can see what works better.
Indeed. The thesis from The Sovereign Individual (written in 1996) is a useful reference, which I have stolen from @blocktock's summary here on SN:
- Taxing capacity in Western economies will plunge by ~50-70 percent. This will tend to make smaller jurisdictions more successful.
- Incomes will become more unequal within jurisdictions and more equal between them.
- Unlike the Agricultural Revolution, the Information Revolution will not take millennia to do its work. It will happen almost everywhere at once.
- Technical and economic innovations will no longer be confined to small portions of the globe. The transformation will be all but universal.
- The cybereconomy, rather than China, could well be the greatest economic phenomenon.
- The Information Age will be the age of upward mobility. It will afford far more equal opportunity for the billions of humans in parts of the world that never shared fully in the prosperity of industrial society.
- Those who live in jurisdictions that remained poor or underdeveloped during the industrial period have the most to gain by the liberation of economies from the confines of geography. This is contrary to what you will hear.
- Jurisdictions in Latin America and Asia where per capita income is rising rapidly may endure for generations, or until lifetime income prospects there equate with those in the formerly rich industrial countries.
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