Quote:
Originally Posted by MAXUM
No what I said is it is NOT all about retail sales. If it were there would be no need for venture capitol firms and the stock market for that matter.
Investment is the lifeblood of all business.
However I'm a bit shocked that you would favor big business. Odd all things considered. Think about it if you give money to those that are going to go out and immediately spend it who does that favor? Ah the already established "big businesses" that your political philosophy regularly chastises. What about the small guy, maybe the startup that is working on something new and innovative who may not be operating on a profit and strictly on investment capitol. Guess those companies and all their employees don't matter! Who do you think funds these? Not the guy living paycheck to paycheck.
Dividing wealth doesn't create more, and when it's all gone then what?
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Sorry for misquoting you.
Starting again from your post--I've spent over 20 years in venture capital, both as an investor and an entrepreneur putting in every spare penny of cash flow. From an venture investor perspective, this tax bill is friendly in that in maintains the carried interest loophole that so many in both parties dislike as unfair, and it opens up a new pass-through entity tax break. Yea! We'll be even richer!
But for an entrepreneur at a venture-backed company, there is very little here to like. They could have benefitted from accelerated depreciation on capital expenditures, or a tax credit for new job creation, just for example. And as someone who's been on both sides on the investor-entrepreneur table, it makes me laugh to think that tax breaks for the VCs will make entrepreneurs lives easier.
Garcia has it right on the destination for the tax savings.
01-01-2018, 02:56 PM
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