Indexation Hurts Startups
5:23–6:39 · 76s
Harris lays out how switching from a capital-gains discount to indexation shifts incentives toward slow-growing big companies and away from high-growth startups.
5:23–6:39 · 76s
Harris lays out how switching from a capital-gains discount to indexation shifts incentives toward slow-growing big companies and away from high-growth startups.
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