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zackkanter's profile
Zack Kanter
Zack Kanter
Zack Kanter
Verified account
@zackkanter

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Zack KanterVerified account

@zackkanter

Founder/CEO @ http://Stedi.com  (modern EDI platform) & previously Proforged (acq by Huron Capital), future-enthusiast, occasional blogger, all-around nerd.

Boulder, CO
zackkanter.com
Joined January 2012

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    1. Zack Kanter‏Verified account @zackkanter Jan 5
      • Report Tweet

      Zack Kanter Retweeted

      I find myself less worked up about this topic now that I understand the position better. Proponents want to reduce income inequality, full stop. Either the gov’t takes 90%, wealthy are disincentivized to work, or they leave the country altogether. Proponents see a win-win-win. https://twitter.com/mattyglesias/status/1081629613959405569 …

      Zack Kanter added,

      This Tweet is unavailable.
      5 replies 2 retweets 22 likes
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    2. Zack Kanter‏Verified account @zackkanter Jan 5
      • Report Tweet

      I very strongly disagree, but it is much less maddening when you realize that there isn’t a misunderstanding of what the effects will be.

      2 replies 0 retweets 22 likes
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    3. Zack Kanter‏Verified account @zackkanter Jan 5
      • Report Tweet

      I think it’s important to recognize that a 70%+ tax bracket would eliminate outliers. With a 70% bracket, we wouldn’t have SpaceX or Tesla - not because it would have disincentivized Elon Musk, but because he needed every cent of his PayPal exit to keep both companies alive.

      7 replies 5 retweets 30 likes
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    4. Avy Faingezicht‏ @avyfain Jan 5
      • Report Tweet
      Replying to @zackkanter

      What about the other counterfactual, though? What would we have if there had been 70%+ brackets 20 years ago?

      1 reply 0 retweets 1 like
      Zack Kanter‏Verified account @zackkanter Jan 5
      • Report Tweet
      Replying to @avyfain

      Impossible to say what those would be. I’m pointing out the known tradeoffs we’d be making.

      3:55 PM - 5 Jan 2019
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        1. Avy Faingezicht‏ @avyfain Jan 5
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          Replying to @zackkanter

          Sure, but it's also impossible to say we wouldn't have Tesla or SpaceX. Maybe he would have raised capital elsewhere, or partnered with another entrepreneur, or... you get the point. Counterfactuals are fun though :)

          1 reply 0 retweets 2 likes
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