Hacker News Reader

Alternatively you could create very high taxes on large organizations and capital gains, then offer significant tax incentives to invest in R&D. This is more or less what gave us Bell Labs.

you're leaving out publicly funded labs at universities, which is where e.g. Google's "garage" days were spent.

Public labs are nice for society because they're extraordinary cheap relative to their corporate counter-parts (grad student = 30k/yr with no benefits, research scientist = 200+k/yr with full benefits)

Most startups aren't profitable so lowering income taxes will have zero impact on them. You could make a case for lowering some employment taxes to encourage hiring.