[ToucanLoucan]

> For example, one of the biggest loopholes in the tax code is the carried interest exception. It created modern Silicon Valley; YCombinator exists solely because of this loophole. Most of the nation regards it as the most blatant subsidy in the tax code, but it is essential to startup financing. How would you feel if they got rid of it?

Aside from the fact that we might lose HN? I'm completely for that. Most startups are just re-imaginings of existing businesses but worse. Silicon Valley gave us the gig economy and commercial-surveillance-as-business, and has flattened the Internet into like 6 websites all of which copy-cat the hell out of one another to the detriment of all the features that made each of them notable in the first place.

And you know, crazy thought here, but if I don't make enough money to offset my living expenses, I go broke and go into bankruptcy and lose everything I have. Maybe if a business can't exist without ludicrous subsidies and serves no purpose outside of that, maybe we don't need it?