Defending Startups and Their Angel Investors
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 29 December 2021
⏱️ 21 minutes
🧾️ Download transcript
Summary
Startups need capital to compete with bigger companies, and taxes on capital gains can stem the flow of angel investment. Chris Edwards makes his case for angel investors.
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Transcript
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| 0:27.7 | Thank you. |
| 0:28.7 | This is the Cato Daily Podcast for Wednesday, December 29th, 2021. |
| 0:35.0 | I'm Caleb Brown. |
| 0:37.0 | At the Cato Institute's Cato Club event earlier this year, Chris Edwards made a broad defense of |
| 0:42.0 | angel investors. Those who provide funds and |
| 0:45.0 | guidance to startup enterprises, he discussed the Biden administration's threat to |
| 0:50.2 | angel investing. |
| 0:51.2 | President Biden and the Democrats have launched an all-out attack on businesses and wealth. |
| 0:56.2 | They're pushing to raise taxes $2 trillion over 10 years, as Sally mentioned. |
| 1:01.6 | Today I'm going to defend wealth. In particular I'm going to |
| 1:05.2 | defend one very important thing that wealthy people do with their money, which is |
| 1:10.2 | angel investment. Angel investment is simply funding startup business. is |
| 1:13.0 | simply funding start up businesses. |
| 1:15.0 | If you've ever seen the TV show Shark Tank, |
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