Modeling a Wealth Tax: http://paulgraham.com/wtax.html
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Look at what I wrote. I didn't say it would cause people already there to leave. And I didn't say it would be decisive for everyone at that rate, just that it would start to influence people's decisions.pic.twitter.com/8HYEPvJbh2
If I believed a statement as strong as "Amazon wouldn't be in the US if there were a 1% wealth tax" was true, I'd have written that instead.
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I see. I think great founders will start companies in the place that maximizes the chance they create an Amazon-level success, not in the place with the lowest taxes. At some point taxes may be too aggressive but a low single digit wealth tax isn't that.
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You should only start a business in California if you want the government to gangbang you. It’ll do everything in its power to keep you from being successful (cut off your employees’ electricity, regulate you out of business a la Uber, etc.) and then take all your money
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