Reduce regulatory burden for startups in Europe

Complaining about rules by asking for exemptions is the same as asking for more rules. If you are serious about deregulation you cannot split the difference. Gradualism does not work. Exemptions create more rules and more unintended consequences. Do you want to become a political client or do you want to set the market free?

Revert and Repeal asinine laws, no exemptions

The GDPR needs to be killed altogether.

Its only purpose is to serve as a barrier to entry for large incumbents.

It doesn’t do shit for your data privacy or any of the things it’s supposedly for.

It is currently used to punish large US based businesses for small-minded PR wins for the EU; and to prevent anyone from starting anything new (the real goal).

Here's a few suggestions:

1. Weath tax is a killer tax for start ups and founders and push capital owners out of Europe.

2. The last 30 years the minimum standards for housing construction has increased to a level, whereas construction costs are simply too high. And the saved energy use over a lifetime is nowhere near matching the costs of construction.

3. Extreme construction costs are also caused by national building code demands for accessible housing. The economy of housing is much better if disable people move to an accessible house instead of making all new houses accessible.

4. It is obligatory for businesses in many EU countries to accept cash payments. For many businesses cash payments over digital payments lead to higher costs and a lot of administration and risks.

IMO securing a good economic future in Europe is not about making us all rich, but also about how we can live a better life not being rich.

Lower costs of living can over time lower the demand for payment, making more labour intensive work competitive.

I agee with this to an extent. GDPR is important and I don't want to live in America for a reason. I want to reduce the friction as much possible but not being aple to ensure proper data privacy for your users seems like a still issue to me. EU AI Act also has been relatively free. At the end of the day a proper internet workshop for the boomers would fix most of our issues. Those politicians are barely able to navigate the internet without downloading a bunch of viruses on the way

Full exemption of GDPR, the EU AI Act and the like could be accomplished for small businesses who work in lightly regulated industries but would require a fallback plan for “reasonable” laws surrounding topics like the use of health care data as example.

The inevitable counter argument we need to cover will be the company that has low revenue but processes large amounts of data and/or sensitive data. Thus I suggest to begin with the following:

1. A reduced set of common sense laws that are general across multiple domains

2. A mandate that before these laws be placed into action, the burden of compliance, namely creating digital solutions for regulatory compliance, be sub-contracted to industry via public bids and/or approved/certified for usage for all exempt businesses and subsequently provided at market rate to encourage competition. This would relieve small business from having to pay expensive legal and consultation fees alongside costs for custom solutions in an attempt to comply.

3. A mandate to provide a digital auditing system for compliance provided to qualified businesses whose implementation would be sub-contracted to industry via public bid and/or approved/certified for usage for all exempt businesses.

4. Self-service checks for compliance which could be submitted to any regulatory body in the event of audit.

In summary, the main goals are to ensure that any applicable requirements by government

1. be easily implemented with digital solutions

2. self-auditable by small business such that they can independently verify their compliance

3. shield small business from unnecessarily high complexity, legal and consultation costs

I don’t believe GDPR should be exempted. GDPR can be seen as a defense in depth measure to avoid personal details being leaked when companies are hacked. Too many companies store too much personal details that they don’t need to operate, some details are not even used.

this is dope!

Quick thank you to Alessandro Palombo for this discussion on X

https://x.com/0x_ale/status/1868379207484743822

Quick Summary:

1. Default should be full exemption for SMEs and startups.

2. Additionally a regulatory impact assessment (RIA) at both the EU and EU state levels should include a dedicated metric that evaluates the "compliance weight" a new law or requirement imposes on SMEs and startups.

3. A public grant and/or tender offering for creating digital solutions could be provided to cover this burden digitally and free of charge. If this proves unfeasible, then SMEs and startups should be exempt from the additional burden.

The EU could use these suggestions as both an inaugural financial investment into SMEs and startups directly aligned with the goal of reducing regulatory burden in the EU.

for streamlining the process of starting & managing a company, i think this could help a lot:

https://ideasandbugs.com/p/eu-onchain-company-registry