[henrikschroder]

> Cutting investment by 50% means that instead of getting a Dropbox and a Spotify, you'll only get a Dropbox. That missing upside is bad for the economy.

No no, if investment money disappears from tech, that means you get Dropbox and something else that isn't a tech company. The investment money doesn't just disappear into thin air, it gets invested into something else, a different kind of company, a different sector, some place that isn't dependent on privacy-violating ad-tech bullshit and selling user behaviours to make money.

And as a result, society is better off.

[ggreer]

If you read the paper I linked to, it says that the money is likely going to the US and other places outside of the EU. Capital can cross borders effortlessly.