Modeling a Wealth Tax: http://paulgraham.com/wtax.html
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It's not simply a question of starting a company vs not starting one. Founders often move to start startups, and are often on the fence about which place to choose. E.g. should they move to SV or not? If one place has a wealth tax and the other doesn't, that could tip them.
Your state or country doesn't have to lose many founders to be badly hurt. You just have to lose Bezos and Zuck and 10 or 20 more. And founders like that often do expect to be very successful. Bezos was the youngest SVP at D. E. Shaw. He didn't quit to make $50m.
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You chose 2 very bad examples as it’s dead easy to look at the history of both of these individuals and know that taxes never crossed their mind when launching their ideas.
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Maybe, but I think it’s just as likely that if Bezos or Zuck had tried to start their companies in other countries, they would not have had nearly as much success and someone else would have seen the market opportunity and beat them in the US. The US has a lot to offer.
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The US has a lot to offer that isn’t tax benefits. So then the question, I think, is how do we invest in those opportunities that make the US so attractive for, say, the Collisons to leave a tax haven like Ireland to start a business here?
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