The key distinction here is between wealth and income. Most angel investors are funding startups from their existing wealth(i.e. funds from a previous exit) rather than income. And any income they do get is probably taxed at the capital gains rate. As far as I know, Obama wants to raise taxes on income, not wealth.

If only deciding the next President boiled down to one issue!

Edit:

And I'm not agreeing that non-renewal of the Bush tax cuts for the rich is necessarily disastrous to the startup industry.

I love how he says, "Obama wants to significantly raise taxes". Hardly. This seems to be a new version of the same old "We can't tax the job creators." argument.

There's a lot wrong with this article. However, the biggest logical flaw he makes is not everyone is a single-issue voter.

Thank you for that insightful post. I always look to UI designers for macroeconomic advice.

My favourite bit is where he offers no evidence, no objective sources and absolutely nothing but talking points.