Mason  🏃‍♂️ ✂️

Any particular reason you say so?

Low income taxes, no capital gains tax, highly taxed dividends, wealth tax. "We want a dynamic economy, but not idle capital", IMO.

The capital gains vs. wealth tax thing is interesting to me. I'm not an economist, but... while taxing wealth that's actively earning vs. sitting around seems generally good, it's hard to get over the disincentive to invest anywhere you won't see returns for a while, no?

Let me ponder this for a while, gazing at the distant mountains out of my window while sipping espresso, stroking my chin and guiltily vaping...

I'm curious about this. I get the sense that it probably depends on what's going on w/ loan interest rates? Like, as long as I can borrow at a low rate to pay my taxes, I won't have to sell my assets at inopportune times. High/unstable rates might force me to hold more liquidity

That said, I dunno how this helps founders who really need to hold onto their controlling interest in their companies. They're not looking for a better time to sell; they're in it for years, decades, possibly life. Obviously not an edge case, super significant to the US economy

Swiss politics is aware of this and many cantons are introducing measures to not tax early-stage startups at hopeful valuations. You really only get hit with the full wealth tax on your stake once the company makes Real Money.

Hm. The particular problem I'm pointing to isn't the risk/tentative nature of value in early stage ventures... it's that if you're taxed as a % of total wealth & all your wealth is in your company, you can technically be "getting richer" while still losing control of your company