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Reading Steve Case's summary, most of this is good stuff-- very much like the crowd funding legalization. I think its absolutely absurd I can bet $50,000 or $10
by nirvana 15y ago
Reading Steve Case's summary, most of this is good stuff-- very much like the crowd funding legalization. I think its absolutely absurd I can bet $50,000 or $100,000 on options in the stock market, but can't put $10,000 into a local startup. (I do well in the stock market, but I think the local startup is a better bet, given my experience working for startups for a couple decades, and other reasons.)
I'm not sure about the $1B in spending, whether that will go somewhere or not. I'd prefer this bill didn't increase the federal budget deficit, even if it is probably one of the vanishingly few economically useful places for the government to put money, at the end of the day, that money had to come out of the economy (it doesn't really grow on trees) via inflation or taxation, and thus risks making things worse if it isn't spent wisely.
- 3pt14159 15y agoMaybe one of the reasons it's one of the vanishingly few economically useful places for the government to put money in is that it is one of the vanishingly few economic places that the government doesn't put money in.