Venture Capital Investments

President-Elect Obama has proposed zero capital gains tax for investments in start-ups/small businesses. Won't most of America see this as another tax break for the rich? As many of you probably know, a majority of the money invested in start-ups is done through Venture Capital firms so it will be the wealthy who receive the tax break. I can't imagine he continues to go with this philosophy. It will create jobs, but reduce the taxes the government will collect. I wouldn't be against him decreasing the rate, but to take it to zero doesn't seem smart or likely. Plus, a majority of the democrats that voted for Obama will not agree with this idea.