[sfaf]

A pretty ridiculous statement given that a VC pays close to 20% income tax while these well paid engineers are taxed at almost double that %. The VCs carried interest tax loophole has gone too far, not market competition for engineering salaries (which was previously priced fixed through non-poaching agreements).

"The engineers are getting paid too much so my startups can't convince them to work for equity because of the free market while my entire industry avoids paying taxes and stiffs America." Cry me a river, vc.

[wolfgke]

> A pretty ridiculous statement given that a VC pays close to 20% income tax while these well paid engineers are taxed at almost double that %. The VCs carried interest tax loophole has gone too far, not market competition for engineering salaries (which was previously priced fixed through non-poaching agreements).

The problem rather is that it is (from bureaucratic-legal-financial overhead) hard for an "ordinary" person to become a VC. That is where you should demand change for more justice.