Meredith Whittaker on Nostr: Taxing equity is also, of course, very alarming to investors. But the argument that ...

Taxing equity is also, of course, very alarming to investors.

But the argument that this hurts innovation and competition also falls flat IMO. Taxing unrealized investment value would check the overhype-to-acquisition cycle that makes VC's rich, but directs so much energy and capital into overvalued bullshit that doesn't meaningfully work/help people/etc.