Comment by simonh
5 hours ago
If someone founds a company, grows it and owns $1bn of its stock, they don’t have $1bn in cash to distribute. They have a degree of control over the economic activity of that company. Should that control be taken away from them? Who should it be given to?
I can see an argument when it comes to cashing out, but I’m not clear how that should work without creating really weird incentives. Some sort of special tax?
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