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This article is heavily biased, makes ridiculously exaggerated claims, and bends statistics to its will.

The computer boom came about because of capital gains tax cuts, huh? What a joke.




I suspect capital gains cuts did help. Founders are influenced by colleagues who've done startups, and what they see is the after-tax returns. And certainly big investors are influenced by tax rates on each class of investment.

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This is anecdotal, but I've never heard someone say they would or wouldn't start a company because of the after-tax returns.

Cuban talks about this point here:

http://blogmaverick.com/2008/10/23/the-cure-to-our-economic-...

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Of course not. After-tax returns influence them indirectly. Fellow grad student goes to work for a startup, ends up with a house vs merely a nice car.

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Oh I guess I was thinking of the founders, not the employees.

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No I'm sure it came about because of a tax increase!

(if taxes don't matter to investment decisions, then why not raise them to 99%?)

If you believe current taxes are right at the "sweet spot", why do you believe that?

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