tax on unrealized innovation
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Tweet of the week.
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Nah. I already believe there is one in some sense - the fear of ‘failing’ means there’s a lot of ideas that are not put forth into the world. Amongst them there will be good and bad ideas of course. Bring them all on, I say.
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We are all taxed on bad ideas. Unfortunately, it’s the government’s bad ideas and we pay the tax.
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might raise too much revenue.
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Only if realized, an unrealized idea isnt a taxable event.
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Only if I get a refund when it turns out be a good idea
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Which is basically how investing in early-stage startups works. Except you get 1000x your money back when the seemingly bad idea turns out to be good.
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