4 ms·
This article is heavily biased, makes ridiculously exaggerated claims, and bends statistics to its will. The computer boom came about because of capital gains
by beastman82 18y ago
This article is heavily biased, makes ridiculously exaggerated claims, and bends statistics to its will.
The computer boom came about because of capital gains tax cuts, huh? What a joke.
- ksvs 18y agoI suspect capital gains cuts did help. Founders are influenced by colleagues who've done startups, and what they see is the after-tax returns. And certainly big investors are influenced by tax rates on each class of investment.
- fallentimes 18y agoThis is anecdotal, but I've never heard someone say they would or wouldn't start a company because of the after-tax returns. Cuban talks about this point here: http://blogmaverick.com/2008/10/23/the-cure-to-our-economic-problems/ http://blogmaverick.com/2008/10/23/the-cure-to-our-economic-...
- ksvs 18y agoOf course not. After-tax returns influence them indirectly. Fellow grad student goes to work for a startup, ends up with a house vs merely a nice car.
- fallentimes 18y agoOh I guess I was thinking of the founders, not the employees.
- mmmurf 18y agoNo I'm sure it came about because of a tax increase! (if taxes don't matter to investment decisions, then why not raise them to 99%?) If you believe current taxes are right at the "sweet spot", why do you believe that?