[FoRK] Private equity, venture capital, entrepreneurs, and tax policy

[Jeff Bone]

On May 6, 2008, at 11:11 AM, Russell Turpin wrote:
>
> There are lots of ways to skin a tax cat. Obama's economics advisor  
> Austan
> Goolsby says that to foster innovation, Obama wants a zero rate on  
> capital
> gains for entrepreneurs and VCs:
>

> All those caveats given, I doubt that the changes that will come are  
> as
> great as those discussed on the campaign trail. Congress, after all,  
> writes
> tax law. And Jeff should take some comfort in the fact that Obama  
> wants to
> encourage VCs.

I seriously doubt the ability to implement this w/o severely upsetting  
the apple cart...  but at least he's got one thing right, I suppose,  
at least in principle.  (He's just apparently inconsistent on the  
application of that principle.)

> Even though Jeff has morphed into a quant. Or at least a
> hypothetical quant. ;-)

Flattered, but I'm not sure I'd characterize what I'm currently doing  
that way...  it's quite a bit fuzzier and chunkier and, well,  
different than that.  I guarantee you that what I spend my days doing  
bears almost no more resemblance to what e.g. Emanuel Derman spends  
his time doing than anybody else on this list.

jb