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by polotics 34 days ago
The most telling part is when he explains that in order to grant stock options he had to navigate each and every single different legal setup for each one of the member states.

I felt for a while the "European Union" has been turned into a foil for nations that had absolutely no intention to really integrate. Unless actual integration, simple one rule for all on the continent, happens within the next handfuls of months, then this ship's going down and I organize to exit stage left, Trump ain't Xi.

2 comments

I don't think this argument holds much water. Each state in the US has their own legislation and taxes and it works just fine.
Each EU member state has their own stock market and you often can't trade the stocks from one country through the stock exchange in another. This means that if you want to offer EU-wide stock options, you either have to convince everyone to fly to your country and register at your country's stock exchange (which few will bother doing), or go through the process of filing and managing stocks of your company at 20+ different stock exchanges.

It's one of the things that have been recently brought up again in the EU parliament, but getting everyone to agree on a common stock market is not going to be easy.

it works just fine?

To stay at your level of discourse:

this is some next level cope the amount of wasted effort to get to the same result in the EU when compared to the US or China is insane, a major drag, and is taking hardworking people down the drain

I didn’t understand the “Trump ain’t Xi” part. As in he’s not as bad as the authoritarian nature of the CCP? Or that America is fading and China is a better ally?