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I read it and did the math.https://twitter.com/MaxKennerly/status/1366571851636473859 …
If decreasing the returns from starting a startup never decreases people's interest in doing it, you can prove by induction that you can confiscate all the returns without decreasing their interest.
Whereas YC got a big spike in applications after The Social Network came out, and the reason that movie even got made was that this young guy becoming super rich made for an exciting story.
But do you actually think the priority of the government should be maximizing the number of startups over anything else? Clearly these things exist on a spectrum and we can talk about which variables to tweak without pretending anybody wants to take 100% of returns.
People are looking at what they can achieve with 5-10 years. It is hard to believe that anyone would be deferred by a 2% wealth tax. After they hit $50 million they will start spending on tax lawyers.
yeah I was just on the brink of starting the next Amazon but because of hypothetically making 2% less on >50 mill, in the hypothetical scenario that it takes off, I'm now not going to do this. this is enough to dissuade me, I am a smart and rational entrepreneur btw
The marginal migration of talented founders from founding to working high paying tech jobs is not affected by your particular case
and a one-term city council member who’s never lost in a race in Stover, Missouri would, by induction, win the presidency if they ran due to their 100% win rate
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