Ambitious founders want to have a crack. Let’s make sure they have a crack here, in Australia. Capital and founders are mobile. Doubling capital gains tax gives Australia the highest founder, employee and investor equity tax in the world. The signal to ambitious founders is unambiguous: build it somewhere else. Atlassian, Canva, Airwallex, Employment Hero, Aconex were not founded by tax planners… they were founded by people willing to take a decade of personal risk for a shot at building something meaningful. We need to encourage innovation and risk taking. This policy will do the opposite. I’m worried this policy will kill the next wave of startups, and job creation this country desperately needs.