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 …
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PG. I think you and I are in agreement that optimal tax is local / circumstance based
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If you look at what build the tech industry in Israel it was and is 100% public r&d funding. That doesn’t mean that private capital isn’t key, but the idea that gov doesn’t matter is purely a SF construct.
End of conversation
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