For John, BLUF: Actions have consequences. Nothing to see here; just move along.
Jeffrey Carter is an angel investor and independent trader. He talks about where Venture Capitalists are going these days:
One sector that is seeing a rapid investment drop is healthcare and devices. That has hurt the North Carolina VC industry harder than it hurt Boston. It’s also subject to some longer term trends. Obamacare has a medical device tax buried in it-and it has caused money to pull back from taking risk in healthcare while everything gets sorted out. The FDA is a horrible bureaucratic organization to deal with, and they have made it hard to innovate.Throw in Wisconsin, whose State Government has been trying to attract Venture Capitalists.
You create one little tax♠ and see what happens.
There is no free lunch.
Hat tip to the Instapundit.
Regards — Cliff
♠ A tax on medical devices, as part of the PP&ACA.