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It’s not about how many founders actually gain the wealth; it’s about how the perceived reward motivates innovation. Or, rather, how the lack of reward fails t
by iNate2000 6y ago
It’s not about how many founders actually gain the wealth; it’s about how the perceived reward motivates innovation.
Or, rather, how the lack of reward fails to motivate.
- toomuchtodo 6y ago> Or, rather, how the lack of reward fails to motivate. One example that comes to mind is the entire open source community, the provides enormous amounts of productivity with little to no compensation, would rebut this argument. Another example would be Watsi, a YC startup, with enormous impact but no profit motive (there are many top notch YC non profits, I pick this one because it is my favorite). Taxes are higher in most of the developed world. People still start businesses, people still go to work. We don't have to shy away from policies that make the wealthy nervous. I do not buy the argument that innovation will die because of higher taxes.
- logicchains 6y ago>Taxes are higher in most of the developed world. People still start businesses, people still go to work. They still start businesses, but they start far fewer per capita: compare for instance the number of new Fortune 500 entrants over the past couple decades from the US vs from Europe.
- sumedh 6y agoIs that because of the low tax in US or because of the US is a single market while Europe is not.