France and the 3% Digital Tax:
The Trump administration will no doubt hold France to account for it’s protectionism and mafia-styled attempt to block out US tech companies with it’s 3% digital tax. Although Trump was never seen as a favorite among TECH firms in San Francisco, this should ramp up support for the president from big TECH. Americans feel that Europeans are quick to take their innovation to the US – but tries to block out US companies from participating in their economies. Europeans on the other hand feel that they are not blocking US companies – but rather impose due taxes on them for the privilege of tapping into their population.
Boris Johnson is threatening BREXIT at all cost:
Trump firmly supported the appointment of Boris Johnson as UK prime minister – even though Johnson never supported him publicly. Johnson is finally having his revenge against EU elites who he has watched so many years as an outsider in Brussels. It is widely predicted that the UK may well be the trigger for all dominoes to fall in an EU where extortionate taxes are the only benefit to citizens who fail to receive protection from basic things such as public smoking (Greece) and no real democratic rights to vote (Catalonia).
The latest sentiment among British citizens is this:
People want to get on with Brexit now. As Boris Johnson said, it is indecision that causes paralysis and real damage to people. Johnson thanked Europeans who live in Europe for their patience and contribution. But what is the sentiment in the UK? As one analyst, Mark Rice said: “Us Britains have more in common with Australians, Americans and Canadians than with the Southern Europeans: we have the same values and ethics. When I visit Australia, I am treated as an equal. When I visit Spain or Greece, I am treated as a cash cow. Yet when citizens from Spain & Greece come to the UK, they come here to work and send money home. This is not a reciprocal relationship. We are the givers, they are the takers”.
The issue of replacement migration in Europe, where population is both ageing and declining, is a key challenge. For example: In Spain, there is a limit as to how many Europeans will go live in the sun while not being able to access a stable job market. In France, Europeans fear terrorism and internal migration patterns are changing. In Greece, people leave their country in search of better economic opportunities. Highly skilled migrants who pay for golden visa programs are not welcome – as they are smoked out of public facilities (smoking in police stations and hospitals in places like Corfu and Thessaloniki is common). This means that the only hope for some form of migration is low-skilled arrivals, as investors are simply not interested in Greece. With this being a key issue for European discontent: it remains to be seen how the continent will innovate to provide a just solution.