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This assumes that the primary reason to start a company is to become fantastically wealthy, which I would contest. Sure, most founders want to get rich, but I'
by zimzam 9y ago
This assumes that the primary reason to start a company is to become fantastically wealthy, which I would contest.
Sure, most founders want to get rich, but I'd assert most would be just as happy to end up in the 8 figure range ($10's of millions) as they would in the 9-10 figure range. (And such a reduction would require taxes on a scale far beyond what UBI would require)
Few people are going to consider starting a company and then sit down, calculate their tax burden as a billionaire and decide that it isn't worth starting Apple, Facebook or Google.
- rhino369 9y agoFounders might looking for a good living and glory, but VC's for example are looking to really capitalize on 100X growth.
- ThatGeoGuy 9y agoTo play devil's advocate: you may not need VC's as much in a UBI world. You don't have to worry about income if your startup fails, so you're less likely to play the VC lottery in hopes that you can ride the funding into a successful exit.
- orthecreedence 9y agoExactly. In a UBI world, the government becomes the investor for innovation. If an idea you tried doesn't work out, you try something else. It becomes much easier to start a business, and you no longer get kicked out on the street for failing.
- goatherders 9y agoLol. I'm sure most everyone on the planet would be happy to settle for the 8 figure range. It's humorous that anyone would suggest 8 figures isn't "fantastically wealthy" when only a fraction of a fraction of a fraction of a percent of people ever reach that level.
- deleted 9y ago[deleted]