> the tax is still proportional to revenue, which for many early stage startups is small, and should be growing rapidly enough that the marginal investment in y

> the tax is still proportional to revenue, which for many early stage startups is small, and should be growing rapidly enough that the marginal investment in your meager R&D team is worth it This may hold true for "moonshot" startups, but the tax would still devastate "small-business"/"lifestyle" startups, where cost ~= revenue.