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

[Ail]

Kasz216 said:

Ail said:

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...

How many venture capitalists aren't millionaires

VC far from represent the totality of their investments however...

How many hedge funds investors aren't millionaires ? ( and there's a lot more money into hedge than into VC).

PS : the most successfull companies of these last 20 years actually hardly needed VC funding by the way ( Google, Facebook). By the time the VC got in those companies were actually already so successfull tha the VC were tripping each others to get in...