creates incentives for more intelligent people to go into investments as a career (instead of science, engineering, ect) then might be optimal for us as a society.
Tech companies (and I think startups of all kinds) routinely give large stock options to employees. It’s not obvious that the tax preference for capital gains actually helps investment bankers more than it helps engineers.
Tech companies (and I think startups of all kinds) routinely give large stock options to employees. It’s not obvious that the tax preference for capital gains actually helps investment bankers more than it helps engineers.