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A comment on Tim Sweeney: Tax bill would likely end founder control of independent companies. Parent comment

Re:Tim Sweeney: Tax bill would likely end founder control of... by hncurious on Wednesday October 27, 2021 @07:37PM (#29020464)
Would SpaceX even exist if this law had been in place? Serious question. Let's think this through.

Also what if it had been in place during the dotcom boom and bust?

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Re:Tim Sweeney: Tax bill would likely end founder control of... by karkisuni on Wednesday October 27, 2021 @08:01PM (#29020700)
jesus christ, yes. Elon didn't become a billionaire including assets until 2012, well after nasa awarded them the cargo contract and two years after Falcon 9 started launching. Before that, he was barely a millionaire after PayPal and his investments in Tesla and SpaceX. This tax wouldn't have affected him at all until both SpaceX and Tesla were relatively healthy with both Falcon 9 and Model S.

There's a reason CEO's at this level take $1 in salary.

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