Yet Silicon Valley regularly supports candidates and policies that would place large burdens on the entrepreneurial ecosystem. We have plenty of examples of high-tax, high-regulation economies around the world with no startup scene. You can't grow one by punishing success and preventing innovation.
Taxing capital gains and ultra-high incomes is not placing a burden on the entrepreneurial ecosystem. Hell, it's not even really left-wing at all.
Further, in counterpoint: the Israeli economy supports a start-up scene larger than that of New York or Boston, second only to Silicon Valley, while paying marginal taxation rates that would have Americans squirming in their seats. We need high tax rates over here, because if we don't pay for the Army, we all die (or so the thinking goes). But also because a society without universal sick-fund membership or public higher education or scientific research grants or infrastructure projects would be uncivilized.
(Seriously, if you think "progressive Democrats" are left-wing, allow me to introduce you to my friend Karl Marx.)
Taxing capital gains and ultra-high incomes is not placing a burden on the entrepreneurial ecosystem. Hell, it's not even really left-wing at all.
Further, in counterpoint: the Israeli economy supports a start-up scene larger than that of New York or Boston, second only to Silicon Valley, while paying marginal taxation rates that would have Americans squirming in their seats. We need high tax rates over here, because if we don't pay for the Army, we all die (or so the thinking goes). But also because a society without universal sick-fund membership or public higher education or scientific research grants or infrastructure projects would be uncivilized.
(Seriously, if you think "progressive Democrats" are left-wing, allow me to introduce you to my friend Karl Marx.)