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Daily Archives: May 26, 2010
Gerry Langeler, managing partner of OVP Venture Partners in Portland, OR, writes in defense of carried interest in today’s New York Times.
When we’ve written on this subject, we’ve tried to emphasize the adverse impact this proposed tax hike will have on an already distressed economy. In short, we’ve argued that venture capital is critical to economic growth, new job creation, and innovation – and if you tax those things you are certain to get less of them. Furthermore, venture capital is a long-term investment that doesn’t ask for (or need) bail-outs.
Langeler worries that the heated political rhetoric about “punishing Wall Street” is interfering with basic consistency, and draws several parallels to the financing and profitable sale of a typical home: (more…)