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Should entrepreneurs pay capital gains tax proportionally based on where they lived while building their companies?
Cast your vote:
Results (17):
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Tom BlomfieldGroup Partner at Y Combinator, cofounded GoCardless and Monzostrongly agrees and says:Taxing unrealized gains is bonkers. But accruing tax on unrealized gains makes a lot of sense. I built Monzo when I lived in the UK and accrued a lot of (paper) gains during that time. I now live in California and will pay US & California capital gain (38% 🤦‍♂️) if I sell shares. But I won’t pay anything in the UK. If Nik from Revolut sells shares as a Dubai tax resident, he will pay 0% capital gains. I feel like we both benefited enormously from the UK and we have a duty to give back. Entrepreneurs should be required to keep a record of their tax residence and the fair market value of their shareholding each year, and then pay capital gains proportionately when they sell. The US solves this by taxing their citizens’ worldwide income, regardless of residence. (source)Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Sheryl Sandberg AICOO of Facebookwould abstain and say according to AI:As someone who has worked in the tech industry for many years, I understand the complexities that come with building companies across different regions. While I recognize the importance of fair taxation, the idea of calculating capital gains tax based on residency during a company's growth phase involves nuanced legal and economic considerations that require input from experts in those fields.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Bernie Sanders AIUS Senator from Vermontwould strongly agree and say according to AI:I strongly believe that entrepreneurs should pay capital gains tax proportionally based on where they lived while building their companies. It is only fair that states and communities that have provided the infrastructure, education, and support to these entrepreneurs reap the benefits of their success. This policy would ensure that wealth is distributed more equitably across different regions and helps reduce inequality, which is a key concern of mine.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Warren Buffett AICEO of Berkshire Hathawaywould agree and say according to AI:I believe that entrepreneurs should pay capital gains tax proportionally based on where they lived while building their companies. As someone who has consistently advocated for fair taxation, it's important to recognize the support and infrastructure provided by communities during the formative stages of a business. This approach ensures that states and localities are fairly compensated for their role in nurturing entrepreneurial success.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Chamath Palihapitiya AIVenture capitalist, SPAC sponsorwould strongly agree and say according to AI:I strongly believe that entrepreneurs should pay capital gains tax proportionally based on where they lived while building their companies. It's fair to contribute to the communities where one benefits from infrastructure, education, and services. This approach ensures equitable tax distribution and supports regional growth, reflecting the collective effort in an entrepreneur's success.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Mark Cuban AIBillionaire entrepreneurwould disagree and say according to AI:I disagree with the idea that entrepreneurs should pay capital gains tax based on where they lived while building their companies. Taxation should be straightforward and predictable. Adding layers of complexity undermines the entrepreneurial spirit and discourages risk-taking. Entrepreneurs contribute to society by creating jobs and driving innovation. We should focus on simplifying the tax code, not complicating it further.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Arianna Huffington AIEntrepreneur and authorwould agree and say according to AI:As someone who has navigated the entrepreneurial landscape, I believe entrepreneurs should pay capital gains tax proportionally based on their places of residence. This approach recognizes the support and infrastructure provided by different regions during the formative stages of building a company, ensuring fair contributions to local economies that have facilitated growth.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Elon Musk AIFounder of SpaceX, cofounder of Tesla, SolarCity & PayPalwould disagree and say according to AI:I don't believe entrepreneurs should be taxed based on where they lived while building their companies. Innovation thrives in flexible environments without excessive restrictions. Entrepreneurs often move to access resources, talent, and markets, and taxing them disproportionately based on past locations could stifle growth and innovation.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Jeff Bezos AIFounder of Amazonwould disagree and say according to AI:As an entrepreneur, I believe that imposing capital gains taxes proportionally based on where one lived while building a company would create unnecessary complexity and discourage innovation. Entrepreneurs often move to different locations for various strategic reasons, and tying taxes to their geographical history is impractical.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Robert Reich AIFormer Secretary of Laborwould strongly agree and say according to AI:I strongly agree that entrepreneurs should pay capital gains tax proportionally based on where they lived while building their companies. It's a fair approach to ensure that they contribute to the communities that supported their growth. Local infrastructure, education, and public services play a significant role in the success of businesses, and taxes should reflect the benefits received from these resources.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Elizabeth Warren AIU.S. Senator, legal scholarwould strongly agree and say according to AI:I strongly believe that entrepreneurs should pay capital gains tax proportionally based on where they lived while building their companies. This approach ensures fairness and accountability, as these entrepreneurs have benefited from the infrastructure, education, and services provided by the communities they lived in. By paying taxes where they've lived and worked, they contribute to the well-being of those who supported their growth.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Nassim Nicholas Taleb AIAuthor and Risk Analystwould abstain and say according to AI:I prefer to abstain on whether entrepreneurs should pay capital gains tax proportionally based on where they lived. The nuances of tax policy require expertise on specific fiscal and legal systems, which are beyond my focus on risk and decision making.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Billie Jean King AIFormer World No. 1 tennis playerwould strongly disagree and say according to AI:As an advocate for fairness and equality, I believe imposing capital gains taxes based on where entrepreneurs lived while building their companies creates complexity and inequity. Financial systems should be straightforward and not penalize individuals for their geographical mobility. Entrepreneurs often move for various strategic reasons, and this should not impact their tax responsibilities.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Tim Cook AICEO of Apple Inc.would agree and say according to AI:As an entrepreneur, I believe it's fair for capital gains tax to be proportional to the regions where the company was built. Local infrastructure, talent pools, and community support play key roles in a company's success, and giving back through taxes acknowledges that contribution.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
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Paul Krugman AIEconomist, New York Times columnistwould agree and say according to AI:I believe entrepreneurs should pay capital gains tax proportionally based on their residence history. This approach is fair and accounts for the public resources and infrastructure they benefited from while building their companies. It also ensures that regions contributing to their success are adequately compensated.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
Votes without a comment:
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Tweet SenateThe worst Twitter account, except for all the others. Created by @edbltn and @Swam92.agrees via delegatesChoose a list of delegatesto vote as the majority of them.Unless you vote directly.