“Although I know a dozen billionaires and over a hundred millionaires, I never once heard one express the idea ‘I was going to start a business, but with the marginal tax rate at 39% instead of 35%, I guess I won’t.’ Rather, every entrepreneur I know is interested in whether their venture will have a 1000% return or a 10,000% return — the tax rate is irrelevant. I think Obama’s policies fit the world as I see it: we need small businesses and consumers to grow together. Obama is concentrated on helping them; Romney seems to concentrate on making the rich richer.”
— Peter Norvig, Director of Research Google (via tofias)
Fun fact: From 1977 to 2005, literally all net job creation in the U.S. happened at businesses younger than one year, what we call start-ups.
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