Rich people can invest relatively small amounts in hundreds, if not thousands of startups through preferentially treated retirement funds and pay no (or little) tax on the ones that make it big.
This is what has made it so easy to secure funding in the US.
Should Europe do the same? There's definitely an ethical dilemma in making the rich, richer for the sake of innovation.
Rich people can invest relatively small amounts in hundreds, if not thousands of startups through preferentially treated retirement funds and pay no (or little) tax on the ones that make it big.
This is what has made it so easy to secure funding in the US.
Should Europe do the same? There's definitely an ethical dilemma in making the rich, richer for the sake of innovation.