Excerpt: Silicon Valley hates the idea, and argues that options are extremely important (true), that a requirement that options be expensed would cause a cut back on grants to lower level employees (possibly true), and that because no good way to value employee options exists the whole expense 'em enterprise will turn into an unholy mess (absolutely true).... Public employees have no interest in helping the private sector, and are ... entrenched capitalists through their pension funds.

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