The country is bigger than the valley and tech isn't the only industry. Tech startups also don't make up the vast majority of small businesses in America.
True enough, but I'd strongly prefer a more general policy (such as a payroll tax holiday) that would benefit all businesses.
Anyone under 40 should feel quite foolish paying payroll taxes anyway, considering that social security will self-destruct long before we get any benefits.
So in addition to paying payroll taxes, tech startups are helping to subsidize loans for startups in other industries!
(not that I think any of us would actually want a handout!)
Re:Obama: $15B for Small Businesses
by gabrielleydon on Monday March 16, 2009 @11:21PM
(#519322)
Speak for yourself! Ill take a handout!!! :D
This is a very narrow policy that will not help most small businesses, particularly not most tech startups, etc. Most of us either bootstrap or take VC funding -- neither of which have any hope of taxpayer bailout!
This makes a great headline for Obama but is not doing anything for the valley.