Or help fund early stage companies, and otherwise make it feasible to take small risks which improve capital fluidity and transaction/innovation velocity. Not every entrepreneur is a petulant nomad.
Skilled emmigration to where? Europe, Britain, and Canada have as much if not more hindrances, no?
> It would drive an exodus of any entrepreneurial talent.
Why?
Depends how much the transfer is. It sound like the implication is a lot. In which case entrepreneurs will move to where their potential returns aren’t dampened. Same reason people have moved TO silicone valley, ambitions of outsized rewards..