Yesterday ZDNet some highlights of an interview with Bob Ackerman, founder of Allegis Capital, that highlighted some concerns he has about how the federal government is stifling innovation in Silicon Valley with regulations and red tape.
Innovation is in trouble because of restrictions on H1B visas; unfavorable tax policies regarding stock options; the failure to change Sarbanes-Oxley in regards to startups which increases costs; and the government investing billions of dollars picking winners and losers, such as the bailout of the automakers. It’s all building into a crescendo that harms innovation.
So regulation on employment, high taxes, increased regulation on small businesses, and government bailouts will harm innovation! Who knew?
Ackerman had some other interesting thoughts as well, but that paragraph is the one that really jumped out at me. You can read the complete ZDNet post here.
