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The point is that he arrived at this conclusion by building up a strawman. That 26% is over 60 years, ignores the fact that the stock will appreciate over time
by Miner49er 6y ago
The point is that he arrived at this conclusion by building up a strawman.
That 26% is over 60 years, ignores the fact that the stock will appreciate over time, ignores the fact that all wealth taxes have high floors, etc.
- aww_dang 6y agoI read it as deterring start up founders from investing in a region. If they plan for success, then they should plan to exceed the floor.
- deleted 6y ago[deleted]
- manquer 6y ago100M being the most commonly discussed floor. That usually means about 400-500M value of the company Not ever founder thinks it’s either unicorn or broke . Most normal founders want build something good and make a good amount of money. And where else I am going to go? There are few places where it is possible to make 100M from scratch and without being corrupt .
- Simon_says 6y agoThe amount of the wealth tax also appreciates over time.