The majority of entrepreneurs that I know are big fans of Obama despite the likely tax increases. This also includes a steep increase in capital gains.<p>I'll be the first to admit that I don't follow politics as closely as I should and I'm not trying to use HN for political debating...but I was interested in hearing other entrepreneurial minded people chime in on this.<p>As a hacker at a startup...why do I want a 25%+ capital gains tax if we're successful? It's like being punished for working hard and taking a lot more risk than the average schlep.
If you're successful, a 25% capital gains tax is not all that onerous. What's the difference between $20M and $15M? Sure, it's $5M, but what can $20M buy you that $15M cannot?<p>Many entrepreneurs are much more concerned with <i>becoming</i> successful, and having a reasonably tech-friendly politician in the White House like Obama would help. Net neutrality can generate far more wealth for entrepreneurs than the capital gains tax will take away.<p>Of course, then he had to go and nominate <i>Biden</i> for VP...
You are rewarded for being born in a country that has a rule of law, reasonably well-regulated securities markets, little chance of having governmant thugs take your successful company away from you just because they can, and you bitch about giving some of it back?