This is exactly what this is. When I buy stock, I’m passively contributing to society. Founders actively create value. This isn’t my hill to die on. But I see the value in incentivising risk-taking.
But there surely are many ways to incentivise founding of companies (we want) that do not look suspiciously like tax handouts to rich people.
I get the idea no-one has managed to reproduce silicon valley. But that started life as decades long military investment in future tech. it's hard to argue that motivated governments could not repeat for green tech, bio tech etc.
This is exactly what this is. When I buy stock, I’m passively contributing to society. Founders actively create value. This isn’t my hill to die on. But I see the value in incentivising risk-taking.