[FoRK] Interesting analysis of entrepreneurship and risk

Kent Spaulding kent at iotabits.com
Fri Aug 29 08:02:11 PDT 2008


Cue Norway's national anthem...

On Aug 29, 2008, at 12:06 AM, Stephen Williams wrote:

> Aaron Burt wrote:
>> On Thu, Aug 28, 2008 at 09:54:57PM -0500, Jeff Bone wrote:
>>
>>> In case you missed this, an interesting study:  "THE BURDEN OF  
>>> THE  NONDIVERSIFIABLE RISK OF ENTREPRENEURSHIP."
>>>
>>>   http://www.nber.org/papers/w14219
>>>
>>> In case you needed any additional evidence to suggest that, at  
>>> least  apropos "startups", raising the long-term cap gains rate  
>>> is a bad idea.
>>
>> Was chatting w/my Financial Advisor the other day, found out that  
>> Canada
>> doesn't even distinguish between long-term and short-term cap gains.
>> Cap gains are taxed progressively, but at a lower rate than income.
>>
>> BTW, there's so much action up here, it's nearly impossible to find a
>> techie to hire.  Lucky it's relatively easy to get visas for skilled
>> tech workers.  (Desperately seeking Sysadmins and netowork/db  
>> coders.)
>>
> Don't tempt me man.  I was just in Whistler in June and I'll be in  
> Victoria in a few weeks, first time for both.  There might have  
> been more Australian "kids" working in Whistler than Canadians...
>> So, yeah, maybe one *can* have commie unAmerican things like  
>> Universal
>> Health Care or different tax structures, and still have a favourable
>> climate for business and innovation.
>>
> I haven't looked into the Canadian budget much, however I believe  
> that Canada enjoys a very rich mineral income on a per capita  
> basis, which has to be particularly beneficial right now since  
> quite a bit of oil is exported to the US.  Saying that universal  
> health care works great in Saudi Arabia doesn't mean much for the  
> US.  Canada isn't that far on the spectrum, but the numbers I've  
> seen recently indicate it's probably better off than the US in GDP/ 
> people.  Since that "unearned" mineral/oil revenue royalties (or  
> whatever) go to the state, it kind of makes sense to fund  
> healthcare out of the resulting budget as a reasonable way to pass  
> the benefit onto citizens.
>> Who'd'a'thunk?
>>   Aaron
>>
> sdw
>
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