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The article dances around interesting ideas but instead settles for the washed up thesis that people are abusing government handouts. There is an interesting p
by scottfits 8y ago
The article dances around interesting ideas but instead settles for the washed up thesis that people are abusing government handouts.
There is an interesting phenomenon we are seeing: entrepreneurship is suddenly more glorious, encouraged by governments but often with misguided incentive structures (i.e. rewarding those who are great at pitching or making shiny vanity products).
So a more interesting question is: how can a government encourage entrepreneurial activity without enticing wantrapreneurs to demand free cash?
One idea is reverse tax. The government could reward a startup that is making money even if it's a small amount, and that way, the government is amplifying the market's rewards and not creating a faux incentive structure.