In 2017 I wrote a column proposing that the Bay Area should levy a 5% equity tax on new companies and create a sovereign wealth fund for the region. The idea was to effectively create a municipal or state version of Y Combinator in order to align the incentives of the region with those of the startups it hosts.
In 2020, witnessing California’s enormous budget crisis, I strongly believe that the time for this idea has come.
"Startup" - Google News
September 01, 2020 at 12:01AM
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California's 2020 Budget Solution: A Startup Equity Tax - The Information
"Startup" - Google News
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