If Biden gets rid of long term capital gains, the earliest stage venture funds and startups, will become a very attractive asset class because of the QSBS exemption.
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short sighted take — early stage venture rely on a field of late stage capital. You can’t constrain the entire upper half of the market and claim all will stay well in your little bubble. Early stage venture is a nasty no good game to play when no one is on the other side
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few understand this
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shitcoins solve this
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