It not a matter of a founder not starting a company, it doing it somewhere else than the US.
Didn’t some study show a majority of founders are foreigners? They choose to come to the US. They can choose not to in the future.
Didn’t some study show a majority of founders are foreigners? They choose to come to the US. They can choose not to in the future.
You think a relatively well off individual from a less wealthy country facing many systemic problems for business will pass up the opportunity to migrate to the US because they may need to pay a couple percent if they strike gold?
Sure, not every founder will make that choice and not right away, but you could see a slow shift over decades to more tax friendly locations.
Who's "we"? I can't find any references to a wealth tax in US history.
Like a wealth tax?
There are problems that your business faces once it's successful, and there are problems that prevent it from becoming successful.
This has come up in a number of other areas on HN. For example, scaling your technology is a problem you'd like to have, because it implies you actually have customers causing you to scale. Regardless of whether or not a wealth tax is a bad idea, it's certainly in the "problems you'd like to have" category.
That doesn't necessarily mean it's not a problem that business owners worry about, but it's a completely different category of problem from "I can't get my business off the ground at all." It's a problem that you only run into after you've (by many measures) already won the game.
Maybe if we can all agree on a number then we can figure out how best to collect it.