Re:Silicon Valley stirs over proposal to end popular QSBS ta...
by pjc50 on Wednesday September 15, 2021 @07:48AM
(#28537885)
> If anyone wants to increases taxes even 1%, I want there to be a big fight about it. Serious demands in to budget efficiency and transparency. If it passes, I want to know there is scrutiny over the taking of my dollars.
> Passing a 10% increase swiftly and suddenly is like a punch to the gut
The problem is that there have been decades of unserious scrutiny. Every percent is fought over regardless of what the underlying details might be. So what you get is a situation where only "big bang" changes happen, because once the politics manages to break the deadlock, why waste that narrow change window on 1%?
> Passing a 10% increase swiftly and suddenly is like a punch to the gut
The problem is that there have been decades of unserious scrutiny. Every percent is fought over regardless of what the underlying details might be. So what you get is a situation where only "big bang" changes happen, because once the politics manages to break the deadlock, why waste that narrow change window on 1%?