Inspirational thread! Thanks! C’est TRES Bien!!!!!!!!!!!!!!!!!!!!!!!!!
Import more Muslims. That will hike the demand for French cars (after they’re torched).
The Kauffmann Foundation has a rule-of-thumb for venture capital. If you fund 10 startups, two or three are going to go poof and blow up along with your capital. Maybe five will be zombies, that is they will be alive and can pay their bills, but they won’t go anywhere. And about one or two will be home runs with a good exit. All this in between three and seven years.
Only after the home runs come in, do you get your capital gains from which **after taxes and fees** you have money with which to replenish your pool of capital.
In order for this all to work out and for venture capital to be “sustainable” (a concept the left loves to scold the rest of us about), there must be enough return to pay the bills and to replenish the pool. The higher the capital gains tax, the higher the rate of return must be for this all to work out. This means that the VC must be more and more selective, and the pool of deals that are worth the risk of funding grows smaller and smaller.
In other words, a 15% cap gains tax makes doing VC hard enough. A 60% cap gains tax all but kills venture capital.
The greedy socialists grasp at tax revenue and kill jobs and future business formation in the process. The clueless voter is left with his unemployment check, and even that runs out after a while. The VC finds ways of funding startups in jurisdictions with a sustainable tax rate. What is so hard to understand, except for people who are no friends of facts and truth, namely socialists.
Gasp! A Socialist - has done that? Quelle horreur. I am shocked.