Millionaire tax! America only for now, so the rest of you millionaires in other coutries are safe!!!

[Ail]

HappySqurriel said:
Just as a side note ...

As I mentioned earlier, since 1980 100% of net job creation can be attributed to businesses that are less than 5 years old. If you dig further into these numbers, the vast majority of these jobs are created by entrepreneurial start-ups that demonstrate explosive growth. With how risky they are they can't raise money from a bank, with how small they're they have difficulty raising money through an IPO, and they are not well connected or politically important so they can't raise money from the government; and (therefore) they require venture capitalists to survive/thrive.

Being that large corporations tend to grow through M&A and not organic growth and therefore don't create jobs, the questions people should be asking themselves is "how do we create an environment where the next twitter/facebook/youtube/netflix will be created?" and not "how do we save bank of America/GM/Blockbuster?"

I can agree with that and guess what, very few of those business were started by millionaires, they were however as you demonstrate it, funded by venture capitalists...