I'm sure he would have found a way to make do with 1% less capital. But what if rates had been 9% higher, as they will be going forward? What if rates were 28% higher, as they would be if cap gains were treated as ordinary income? At some point, either Space X or Tesla would have never been made.
The tragedy is that we will never know the future Space Xs that are never built.
http://pandodaily.com/2012/07/12/space-age-risks-and-profoun...
I'm sure he would have found a way to make do with 1% less capital. But what if rates had been 9% higher, as they will be going forward? What if rates were 28% higher, as they would be if cap gains were treated as ordinary income? At some point, either Space X or Tesla would have never been made.
The tragedy is that we will never know the future Space Xs that are never built.