But the EU hasn't abolished or even reformed the AI act with the ridiculous FLOPs limit and bureaucracy that hurts innovation.

Same for the Digital Services Act, Cybersecurity Act, GDPR, etc. - all just more make-work and bureaucracy, just look at all the tools around auto-generating cookie banners for websites, and auto-accepting / hiding them for users!

Nevermind the crazy taxation issues, in Sweden I pay 56% income tax and 30% capital gains - that destroys a lot of motivation to innovate. You can work hard and risk a lot and the government just steals it from you anyway.