Bezos can keep his job & still find himself newly beholden to more conservative interests with less personal skin in the game. I think this matters — where would SpaceX be? If you're not taking the tax until a sale, it's just a worse capital gains tax that disincentivizes risk.
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
(2) Tech investors are WONDERFULLY *not* averse to risk. It's made them, along with their founders, extremely wealthy. Which means they are also subject to a 3% tax on everything they own, which is mostly... portfolios of tech companies.
What happens to all the founder/investor stock that *only* very successful owners have to sell off? Maybe their funds buy more of it back. Maybe VC compensation shifts rapidly from stock to income, further eroding skin in the game. Maybe less successful investors snap it up.
-
-
(3) There usually aren't dividends. Capital gains isn't a thing until stock is sold. You *could* transfer an increasing ownership stake in virtually every highly successful business to the federal government, but obviously DON'T DO THAT.
-
This Tweet is unavailable.
- 5 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.