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ECT News Community   »   CRM Buyer Talkback   »   Re: Economics, the Tech Industry and the Election

Re: Economics, the Tech Industry and the Election
Posted by: Denis Pombriant 2004-08-11 10:13:24
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Forget for a moment your opinions of the presidential candidates, your views on the war, taxes or social issues. Consider, instead, which party's policies are likely to result in better times in the technology sector. The last technology run-up might offer some clues about the upcoming election. The big technology bubble was driven at least in part by an enormous amount of venture capital injected into young companies -- some with good ideas, some with barely a business plan.

Re: Economics, the Tech Industry and the Election
Posted by: pawhitmer 2004-08-11 10:28:05 In reply to: Denis Pombriant
Whoa, that was quite a jump from higher tax rates to wealthy individuals being willing to take more chances with their capital!
If that were really true, we should ratchet the tax rates up even more to 50%, 60%, 70% (remember the booming 70s?). This will encourage more people to risk their money on questionable ventures, rather than pay it to the government (wait a minute, how does that exempt them from paying taxes?) and why limit the fun to only the wealthy? If we raise the rates for the middle and lower classes too, they can take part in all the unwise investment schemes, too!
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