Having such consequences would completely stop any innovation and put us into a complete technological stagnancy.
Which would of course result in many other and arguably much worse consequences for society.
Which would of course result in many other and arguably much worse consequences for society.
Every country in the world would see this as their big chance to overtake the US. Russia, China, you name it.
You would have to be an idiot to start a software company in the US. High regulation, high cost of living, high taxes, high salaries, personal liability, and a market controlled by monopolies who have the resources to comply.
They’ll leave. The entire world will be offering every incentive to leave. China would offer $50K bonuses to every engineer that emigrated the next day.
Moreover, China is hardly low regulation. You would get there and then not be able to check your email.