At this point I wouldn’t move to USA if you paid me double the salary. There are more things in life than money.
That said, if (or when) the progress of the LLMs flatten out, then I think even Europe can catch up in a few years. If they don’t, and that seems unlikely to me, if the required compute needs to increase at the rate it does today, then I am not sure any of us can predict where society ends up.
Sure some people like to make less money and pay more taxes for ideological reasons. I respect that.
I think there is a non-zero chance that Europe stumbled into an optimal scenario where they avoided all the losses incurred by US companies, but still benefit from the research. Having said that, doing so would require moving at the exact right time.