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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Paul Graham‏Verified account @paulg 12 Jan 2019
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      What if your model takes into account the fact that if income taxes are high enough, startups stop happening? These economists tried it, and found the optimal tax rate is 29%. https://www8.gsb.columbia.edu/faculty-research/sites/faculty-research/files/finance/Macro%20Workshop/toptax.pdf …

      116 replies 216 retweets 862 likes
    2. Kim-Mai Cutler‏Verified account @kimmaicutler 12 Jan 2019
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      Replying to @paulg

      When marginal tax rates were higher, the US put men on the moon, designed atomic bombs, commercial jets, ARPANet, the credit card, the transistor, communications satellites, LEDs, Hypertext, CDs. Technical innovation was financed more by the state/military vs private investors.

      21 replies 21 retweets 247 likes
    3. Ale Resnik‏Verified account @AleResnik 12 Jan 2019
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      Replying to @kimmaicutler @paulg

      My perspective as an immigrant entrepreneur: If this is this where US innovation is going, I would immediately move with my family to a country with a lower marginal tax rate!

      7 replies 0 retweets 22 likes
    4. Kim-Mai Cutler‏Verified account @kimmaicutler 12 Jan 2019
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      Replying to @AleResnik @paulg

      An examination of multiple tax level changes in California suggests that wealthy people are deeply enmeshed in the social fabric and infrastructure that generates their wealth and therefore don’t engage in tax flight as much as one would think. https://inequality.stanford.edu/sites/default/files/millionaire-migration-california-impact-top-tax-rates.pdf …

      2 replies 0 retweets 67 likes
    5. Ale Resnik‏Verified account @AleResnik 12 Jan 2019
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      Replying to @kimmaicutler @paulg

      How I see it: What’s my incentive to stay far from my native Buenos Aires, sacrifice family time for years, to get creamed on the upside? Instead: let me keep my upside and incentivize philanthropy heavily.

      7 replies 0 retweets 15 likes
    6. Jonathan G. Harris‏ @jgharris7 12 Jan 2019
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      Replying to @AleResnik @kimmaicutler @paulg

      If you are not willing to contribute to our country now, then we would we want to help you should things fall apart and you are living under another Chavez or Ortega?

      1 reply 0 retweets 0 likes
    7. Ale Resnik‏Verified account @AleResnik 12 Jan 2019
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      Replying to @jgharris7 @kimmaicutler @paulg

      70% tax rate sounds an awful lot like Chavez and Ortega to me.

      3 replies 0 retweets 4 likes
    8. Kim-Mai Cutler‏Verified account @kimmaicutler 12 Jan 2019
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      Replying to @AleResnik @jgharris7 @paulg

      Kim-Mai Cutler Retweeted John Harwood

      Again, marginal tax rates are not overall tax rates.https://twitter.com/johnjharwood/status/1083751239744192512?s=21 …

      Kim-Mai Cutler added,

      John HarwoodVerified account @JohnJHarwood
      a 70% top tax rate on $10-M earners doesn't mean taking 70% of their income in 1981, Reagan's 1st year, top rate was 70%. richest 1% paid average 33.1% overall in 1989, w/28% top rate, they paid avg 27.9% in 2014, w/39.6% top rate, they paid avg 33.6% https://www.cnbc.com/2019/01/10/ocasio-cortez-70percent-idea-is-just-the-start-of-the-democratic-tax-debate.html …
      2 replies 0 retweets 3 likes
    9. Ale Resnik‏Verified account @AleResnik 12 Jan 2019
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      Replying to @kimmaicutler @jgharris7 @paulg

      Yes, got it! Let’s say I grew up in very high effective (and marginal) tax rate economy where innovation continues to be suffocated. I don’t recommend it.

      1 reply 1 retweet 5 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler 12 Jan 2019
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      Replying to @AleResnik @jgharris7 @paulg

      What if I grew up in a country that used to have high marginal tax rates and with that, it funded virtually free higher education, state-of-the-art infrastructure and also had significant advances in tech that raised quality of life/lifespan substantially?https://press.princeton.edu/titles/10544.html …

      11:01 AM - 12 Jan 2019
      • 4 Likes
      • Rider of For-Profit Mobility Devices William Logan Lucas Matney Sar Haribhakti
      1 reply 0 retweets 4 likes
        1. New conversation
        2. Ale Resnik‏Verified account @AleResnik 12 Jan 2019
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          Replying to @kimmaicutler @jgharris7 @paulg

          I would say this probably happened despite of it.

          1 reply 0 retweets 2 likes
        3. Kim-Mai Cutler‏Verified account @kimmaicutler 12 Jan 2019
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          Replying to @AleResnik @jgharris7 @paulg

          Yeah, I guess the government had nothing to do with how Fred Terman was a graduate student of Vannevar Bush’s, who then went on to form the National Science Foundation and then how Terman leveraged that relationship to turn Stanford from a regional country club school into a

          1 reply 0 retweets 4 likes
        4. 14 more replies

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