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by dbroockman 3207 days ago
The same logic holds for founders in other industries but they don't seem to like taxes/redistribution much (although we need and are getting more data on that). Would have been nice to ask about taxation on capital gains, but survey space was limited (you folks are busy!) and that is a relatively small share of federal receipts so not as important substantively, even if it speaks to this theoretical question.
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There might also be a best-use-of-capital explanation for that discrepancy. A manufacturer with a cash surplus can typically open another factory, but how does a company like twitter usefully spend excess revenue? Tech CEOs may be more in favour of redistribution because they would have to figure out what to invest in, whereas CEOs in other industries already know what they'd like to do with the money.