eagleseven
Quod Erat Demonstrandum
Venture capital funds a small minority of new firms. You're dooming anyone who uses family and/or personal savings to start a business.This plan would kill entrepreneurship as we know it.
Most start-ups take several years to actually show a profit. So, you would be demanding young companies pay taxes on money they don't have...which would effectively bankrupt them.
With taxes on raw revenues, say goodbye to innovation and rapid economic growth.
Bullshit.
Venture capitalists will still invest in companies with a solid business plan.
As you no doubt know, variable costs directly limit growth. Raising variable costs on companies that are already cash-strapped is extremely counter-productive.A variable cost on revenue for tax is just that, another variable cost of doing business.