The Future of Venture Capitalists: A Discussion with Sebastian Mallaby
New Books in Economics
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The Moral Issues of Venture Capital
I think my policy position is you tax the venture capitalists and the entrepreneurs who do fabulously well more so that you socialize some of the upside. But you don't muck about with the actual venture capital process because that is extremely good for innovation. And, you know, if you want a dynamic economy, which I think we probably do... We should be pro venture capital, but then pro redistributing the fruits of venture capital. Which that bit never happens, is it? That's the thing. It's fatalistic. What's the marginal rate of tax in the UK, 45% of something? So people...
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