This is a dumb article, let me count the reasons why: Startups do not create wealth "in the US". They create wealth in a very small number of place within the

This is a dumb article, let me count the reasons why: Startups do not create wealth "in the US". They create wealth in a very small number of place within the US. Is there a link within the US between startup wealth created and tax policy? Given that California has a state capital gains tax and a state income tax. I'm waiting for the startup boom to move out of California to many of the states with neither. Any day now. SV's dominance of venture funded startups is totally sui generis. It cannot be the case that this activity is totally centred in one place within the US and simultaneously that broad comparisons between "The US" and "Europe" (which is an even broader category) can be made by SV vs "Europe" without first making those comparisons between SV and the rest of the United States. Literally in the article: "Likewise, a handful of countries hew to the American approach on compensation; Britain, Italy, Portugal, and, interestingly enough, France, tax options as capital gains when they’re cashed in." Ok, great. Is this why the hubs of tech startup activity are in Lisbon and Rome? They interviewed a German guy because there actually are tech startups in Berlin. If this theory is correct then there should be some kind of link apparent between capital gains tax policy and startup activity.