Brendan (can/do)(@BrendanFoody):This is the best way to end America's entrepreneurial culture. Most founders I know endure 100+ hours of work/week because they are obsessed with their mission and the impact they can have on the world. They make < $100K / year, fly economy, and live modest lives. The average American doesn't want their life. Just because their company's valuation is growing doesn't mean they are "wealthy". When you impose a > $100M tax on illiquid stock, they will declare bankruptcy or flee the country.

2026.06.27 02:08

This is the best way to end America's entrepreneurial culture. Most founders I know endure 100+ hours of work/week because they are obsessed with their mission and the impact they can have on the world. They make < $100K / year, fly economy, and live modest lives. The average American doesn't want their life. Just because their company's valuation is growing doesn't mean they are "wealthy". When you impose a > $100M tax on illiquid stock, they will declare bankruptcy or flee the country.

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