I’ve met with authorities officers everywhere in the world and one in every of their first questions typically is “how can we construct a Silicon Valley right here?” My first reply is “determine the way to hold your geeks in your nation and allow them to get rewarded for constructing firms.”
At present Fred Wilson (VC who invested in Twitter amongst many others) warned us a few new invoice.
In numerous locations, like Australia, they’ve been preventing anti-stock-option legal guidelines for years. Why do they get handed? Large firms love these sorts of legal guidelines as a result of it retains the price of labor down.
Bear in mind at Microsoft how even the secretaries grew to become millionaires? That was because of inventory choice rewards. I’ve seen simply how these create billionaires however when an organization goes massive prefer it has for Google or Fb or Microsoft then 1000’s of others see sizable rewards.
However that’s all on the again finish. For those who tax employees to take part in such a system most shall be pressured to show it down (be sincere, what number of new engineeers or entrepreneurs can afford to pay even $5,00zero extra in taxes to cowl what these may carry? I do know a number of in that scenario and so they couldn’t afford it so in all probability would flip it down).
If this passes Silicon Valley’s wealth technology engine will die and we’ll all be harmed.