How Venture Capital Made the Modern World (with Sebastian Mallaby)
Azeem Azhar's Exponential View
Is There a Tax Loophole in Venture Capital?
Vestment gains are treated not as income, but as capital and therefore attract a lower rate of tax than had they been treated as income. So i think actually that sum tax subsidy for an industry that is essentially promoting applied science is justified. But i am concerned, at the same time, about inequality. And i think that really has gone too far. I'm talking about the estate tax, which is basically gutted in the last 20 years. It should be restored to what it was in the 19 nineties. Most americans said they liked capitalism, and now they don't. Fair enough. Ya.
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