On Oct 13, 2008, at 6:08 PM, shag wrote:
> But more generically, raising the capital gains taxes is stupid in
> pretty much every philosophy of economics, with well-understood
> consequences. If the taxes are raised to the levels he wants, it
> *will* cause capital to flee US venture finance markets for better
> climes. Raising income tax or sales tax would be preferable, in terms
> of negative impact; if you want to raise taxes, do it elsewhere. A few
> directly relevant consequences:
>
> - About 5 million US jobs are directly funded by this investment.
I'd love to know where this factoid comes from. How many venture investors pay at individual rates? And how dependent is the vast "small business" sector on venture capital? This sounds like bullshit.
Doug