In his new book, Joseph Stiglitz outlines a sweeping plan to correct economic inequality http://www.theatlantic.com/business/archive/2015/11/stiglitz-heres-how-to-fix-inequality/413761/ … #choices
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@paulg You start by getting rid of lower taxes on capital gains. End the carried interest deduction. Stop tying CEO comp to stock price.
@timoreilly Changing tax rates might make founders 1/3 poorer, but startups make them 100x richer, so that won't fix inequality.
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@timoreilly Plus tax rates don't even matter unless you sell stock, which few of the most successful founders do much. -
@paulg@timoreilly You're right, its hard. But Paul, do you think its a good idea, or just difficult? And if not addressed what will happen?
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@timoreilly Ending the carried interest deduction would be great. But fixing an obvious loophole is not a sweeping plan.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg You're looking at this thru a very narrow filter. Startups aren't the issue. Financialization of the economy http://www.tcf.org/blog/detail/graph-how-the-financial-sector-consumed-americas-economic-growth …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@timoreilly what % of founders do it for the $? Very few. they need to and the economic incentives are currently logical -
@hdemott3 Few do it simply for the money, but even fewer would do it without the money. - Show replies
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@paulg@timoreilly Equal does not mean the same. Type case. Fixing economic inequality means establishing "fairness".Thanks. Twitter will use this to make your timeline better. UndoUndo
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