Marcus Ryu is co-founder and chief executive of Guidewire Software, a Foster City, CA software company that is valued at over $5 billion on the New York Stock Exchange. And while he’s a very rich man, it may surprise some that he’s a ferocious opponent of tax cuts. As Ryu explained it in an op-ed recently written for the New York Times, people in his position don’t need a tax break. Indeed, as he acknowledges through the rise of Guidewire, with wealth creation there’s no “wealth transfer” to speak of. So while Ryu is perhaps right that nosebleed tax rates aren’t the barrier to individual entrepreneurial endeavor in the way that Republicans assume, his argument nonetheless makes the Republicans’ case for them.

Source: Forbes November 05, 2017 13:52 UTC