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Taxing illiquid assets before exit risks bad consequences, Joe Lonsdale warns
Joe Lonsdale, Founder & Investor at 8VC; Palantir (co-founder), has raised concerns about the impact of taxing illiquid assets before an exit.
Lonsdale described such taxation as a move that could push toward very undesirable outcomes, adding that related control mechanisms would only aggravate the issues.
Lonsdale has previously commented on the risks of increased government intervention in financial markets. In an earlier interview, he discussed Mike Milken's impact on U.S. finance and philanthropy. He also warned about potential abuses of government power in the context of financial policy.
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