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White House proposes crowdfunding exemption

whitehouse.gov

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Re: White House proposes crowdfunding exemption

#11

Post by learc83 »

Locke1689 wrote: post #4
wavephorm wrote: post #2

Trillions for banksters, millions for the entrepreneurs. It's a start I suppose.

This is the kind of worthless comment I hoped would never become commonplace on Hacker News. There's no argument here. There's no point. It's just an snide jab with an information content of zero. If you disagree with the article, say specifically why. If you agree, say specifically why.

He did say why he disagreed--because the amount of this program is minuscule compared to the amount spent on bank bailouts. You can disagree with him, but that sounds like a perfectly valid point to me.

Re: White House proposes crowdfunding exemption

#13

Post by tomjen3 »

Locke1689 wrote: post #4
wavephorm wrote: post #2

Trillions for banksters, millions for the entrepreneurs. It's a start I suppose.

This is the kind of worthless comment I hoped would never become commonplace on Hacker News. There's no argument here. There's no point. It's just an snide jab with an information content of zero. If you disagree with the article, say specifically why. If you agree, say specifically why.

I hope comments like yours will disappear first.

Yes he did not say anything we didn't already know but he did put them together in a novel way, thereby increasing atleast my understanding of events.

Your comment on the other hand did no such thing.

Re: White House proposes crowdfunding exemption

#15

Post by david927 »

The regulations regarding funding for private firms stems from a time when it was much harder to do qualification. With the changes in technology and the emerging reputation economy, the risks of such investing have diminished. Especially if it's capped, opening up investment to the average person would cause an explosion in innovation and job creation that would offset the harm cause by fraud. I'm extremely excited by this!

Re: White House proposes crowdfunding exemption

#16

Post by danmaz74 »

learc83 wrote: post #12

I wish the president had used this opportunity to support real patent reform. That could've been a huge step toward supporting startups and job creation.

Unfortunately, any such proposal would for sure bring about heavy flak fire from the Republican party (and probably from the more big-corporations-interest-sensitive Democratic representatives too) as a socialistic, un-American attitude, with the risk of stopping the whole show.

Re: White House proposes crowdfunding exemption

#18

Post by yummyfajitas »

fletchowns wrote: post #7

Seems like some very reasonable proposals that have the potential to make a huge impact. support long-term unemployed workers who create their own jobs by starting their own companies nationwide, interoperable wireless network for public safety new science labs and Internet-ready classrooms BusinessUSA within 90 days...one-stop online platform will provide access to information about the full range of government prog…

There's no need to maintain some religious faith against ever raising taxes for anybody though. I mean look at today's tax rates compared to the early 80s:

Instead of focusing on one particular tax rate (marginal individual rates) and ignoring all the others, why not just look at tax revenues?

They've been more or less flat (at 18.1% of GDP) for the past 50 years.

http://www.businessinsider.com/federal-government-budget-ove...

Re: White House proposes crowdfunding exemption

#20

Post by robot »

david927 wrote: post #14
robot wrote: post #6

I wish they had something for alien founders creating jobs.

Take a look at OpenStarts.com

sounds interesting, but I think one problem will be the number of shareholders are often limited. You may run into issues like the differences between public/private companies. Did you think of how you might solve that?
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