3 ms·
I don't think you can expect anyone in the startup scene to support a plan which forces founders to give up equity. His objection wasn't about taxation as a co
by bpodgursky 6y ago
I don't think you can expect anyone in the startup scene to support a plan which forces founders to give up equity.
His objection wasn't about taxation as a concept, it was about a wealth tax on stock assets, which definitionally requires founders to give up control of their company as they liquidate shares to pay taxes.
Not really sure how you extrapolate "there's more wealth to be created that's outside the scope of what the wealth advisors..." from that. His opinion is that it would sabatoge the wealth-creation mechanism he knows and has built.