[Miner49er]

The point is that he arrived at this conclusion by building up a strawman.

That 26% is over 60 years, ignores the fact that the stock will appreciate over time, ignores the fact that all wealth taxes have high floors, etc.

[Simon_says]

The amount of the wealth tax also appreciates over time.

[aww_dang]

I read it as deterring start up founders from investing in a region. If they plan for success, then they should plan to exceed the floor.

[manquer]

100M being the most commonly discussed floor. That usually means about 400-500M value of the company

Not ever founder thinks it’s either unicorn or broke . Most normal founders want build something good and make a good amount of money.

And where else I am going to go? There are few places where it is possible to make 100M from scratch and without being corrupt .

[aww_dang]

All things being equal, people prefer to do business in jurisdictions with lower taxation. I don't see that as a strawman argument.

[manquer]

True , if all things are equal , Bay Area is so far ahead of rest of the world this won’t be the decision point for most founders .