(1) Boards are typically so hesitant to oust founders that it's hard to know what conclusions you can draw from those cases. Softer power shifts are very tough to look at. Successful VCs are very pro-founder. Maybe the entire system is wrong, but it's not a test I wanna run live.
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If you zoom out a bit, what this looks like is the federal government gradually taking ownership of the country's most successful businesses under the guise of a tax that doesn't actually raise revenue. At bare minimum, this looks very, VERY bad
FWIW, OECD compares countries' taxes on personal property (including wealth taxes + taxes on capital gains, transactions, gifts, etc.) relative to GDP. The US already taxes this pool at an unusually high rate — it just does it when the money moves https://data.oecd.org/tax/tax-on-property.htm#indicator-chart …pic.twitter.com/RUSdv1zdBn
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I'm pretty convinced that breaking up innovation Schelling points is terrible for growth. You do not get Silicon Valley results without Silicon Valley. Assuming significant capital flight, I pray to anyone who might be listening that it aggregates somewhere else.
End of conversation
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