@tszzl — page 4/103

>the banking system is dumb and bad >use bitcoin, which only has an HOUR transaction delay

@isosteph O no people aren’t dressing in a manner that signals their wealth

@isosteph What a nightmare

@sahilkapur All whilst R’s were running against nonwhite men

@orkoliberal if anything the large screens should be more accessible for the elderly

@orkoliberal as for why screens have gotten bigger I imagine it's a simple tech war. they're bigger for the same reason TV's have gotten bigger and bigger at the same price point. without much other information, a customer is going to choose to optimize on a single highly visible attribute

@orkoliberal I have a 10s max just to flex on the 10s users (And also because i felt bad walking out of the store with the slightly smaller screen)

@webdevMason This is literally way more american than tracing your lineage to the mayflower

the slow degradation part of aging is scarier than death

think it's pretty wild that lots of folks find immortality research distasteful. pretty sure they'll change their mind when they're 60-70 and their once nimble mind can no longer learn to work the remote or smthng

"Life is only precious because it ends" is an oddly market based approach. Water is valuable and not that scarce. diamonds are scarce and we could easily make do without them

@JohnCarltonKing lol somehow I feel literally everyone would support this

@goblinodds True. Infinitely easier to cope with the brutality of nature by shifting the idea into “the austere beauty of the natural world” or something

@goblinodds most people these days spend their time locked in man vs society conflicts rather than man vs nature ones, which molds which concepts they pick as friends or enemies

@devonzuegel your award is rare insights based on information nobody is willing to gather

@smart_intellecc @robinhanson Unfortunately this system looks a lot like slavery or at least indentured servitude

@robinhanson Why are we expecting convicts to know how they’re gonna be treated inside various jails tho. Mostly, they’re not gonna be informed consumers. If they actually know how the inside of every jail in the area looks, we’ve failed in other ways

@NickMeier21 @karlbykarlsmith Lol the Ontario government basically only allows state run LCBO to sell alcohol so this isn’t too surprising

@NickMeier21 @karlbykarlsmith They’re basically running a quasi monopoly on both pot and alcohol, for whatever mysterious reason

@NickMeier21 @karlbykarlsmith In Ontario’s defense it’s probs better to sell weed than opioids/cocaine😅 but True, completely agree that ontario should liberalize pot and alcohol. If anything put a tax on it and raise money for the gov while discouraging drug use

@NickMeier21 @karlbykarlsmith Canada intervenes unnecessarily in a ton of their markets, including imposing limits on maple syrup sales to keep the global price artificially high

@robinhanson Has any country tried this? More important, has anyone tried incentives for rehabilitation and penalties for recidivism?

@naval Is it possible that this restless anxiety has been a human constant for basically all time and we only just now have the tools and time to discuss it Not sure if I agree with the anti-modernity implications of this

@NickMeier21 @BetoORourke I was really rooting for him going into this campaign but it’s been heavy cringe from there My god, do you remember that journal?

@iridiumzeppelin Honestly if you’ve only managed to expose yourself to people on this site who you think are stupid, that’s on you

@vgr HBO’s Rome

@asteroid_saku @ahuang7 When apple released iPhone, people were shocked that you could browse the web, call, and listen to music on the same device with the beauty of multi touch. These apps were all fairly simple, were they not? Or do I just see it that way in hindsight

@asteroid_saku @ahuang7 If that’s anything to take note from, shouldn’t VR take off by augmenting the UI on a set of very basic applications?

@canderaid Joe Biden and Corn Pop, two rivals whose legendary battle and subsequent friendship reverberates through the mists of time Like Gilgamesh and Enkidu, Goku and Vegeta

@ebruenig Oh, you know, just any of the worlds billions of workers sensitive to oil prices

@saeen90_ @lastpositivist literally nobody except literal celebrities are worried about cancel culture this is an entirely manufactured event

@jakebackpack honestly this is kind of sick regardless of the lies

@randomhouse your company sells more books to replace the ones they ruin yo

@vgr Someone will 10x the current standard in messaging

@CascadianSolo I can’t believe the normies are this based

Imagine handing off the PA treasury twitter account to some idiot child for the brand value 😔 https://t.co/0nIOLUR2Hm

@johncarlosbaez @ESYudkowsky The polypropylene reusables becomes more efficient than normal bags at around 37x uses, which is probably doable for some

@costa11235 @johncarlosbaez @ESYudkowsky 98% of US waste is properly managed

@AaronErickson @SamCoppinger Vaping is unrelated to the tobacco industry; they are fierce competitors. Big Tobacco probably has something to do with these bans in the first place

@SamCoppinger @AaronErickson Yo they’re not gonna be imprisoned; sale of vapes has been banned

@SamCoppinger @AaronErickson Or rather, sale of flavored pods You won’t go to jail for already owning some

@SamCoppinger @AaronErickson Goddamnit

@salonium Send link

@ne0liberal @NeoLibBen Doesn’t matter dude, they didn’t deserve the liquidity. We’d have space age banking by now if we allowed most of the banks to fail and the Fed decided to just prop up the paper markets :^)

@ne0liberal @NeoLibBen Too big to fail is too big to exist — Bernie was goddamn right

@Noahpinion seems like you're reaching real hard to defend rent control and not quite getting there

@trustbustinboi @Noahpinion and even then probably not. price gouging encourages creating supply like nothing else does

@owenrumney @edisn $30b sounds totally wrong

@quantumSieve @scottleibrand @costa11235 @johncarlosbaez @ESYudkowsky The US produces around .11 MMT of marine plastic debris and uses like 30 MMT so that number is more like .4%

@LLW902 the big short got me to vote bernie not sure what that says about me

lmao anti-doping agency prohibits genetic modification

@provisionalidea @zck Or because it’s the financially optimal decision lmao

@jdcmedlock @_Jason_Dean_ @The_Albatross I got a better idea. Let’s do patent taxes. if monopoly rents are being captured they’ll come back to the public

@jdcmedlock @_Jason_Dean_ @The_Albatross Honestly though, no credible VC cares a dime about intellectual property when investing in a company. For that reason alone, I seriously doubt patents protect innovation

@jdcmedlock @_Jason_Dean_ @The_Albatross the marginal cost of most drugs is close to $0. I don't think the pharma industry would ever recover from a blow like that

@jdcmedlock @_Jason_Dean_ @The_Albatross Generic drug makers have the benefit of not having to pour immense effort into drug discovery; a tedious and difficult process. Even still the market for generic drugs is less than a fifth that of brand drugs

@jdcmedlock @_Jason_Dean_ @The_Albatross There is no getting past the fact that more than 60% of global pharmaceutical R&D spending is done by American pharma companies. We subsidize those producers in India who constantly tell us how unfair our drug pricing is

@jdcmedlock @_Jason_Dean_ @The_Albatross Without the ability to own information, the backbreaking search for the right molecule cannot be rewarded, especially not by revenues made on selling that molecule

@jdcmedlock @_Jason_Dean_ @The_Albatross Even a patent tax is a delicate proposition because every $ less of R&D funding means lost cures, and loss of human life because of it. We make that bargain in exchange for greater accessibility. The consequences for having no patent protection at all are positively genocidal

@jdcmedlock @_Jason_Dean_ @The_Albatross I see I’ll read this more closely

@jdcmedlock @_Jason_Dean_ @The_Albatross The prize thing is great, but I think not that different from the price boards. Instead of giving a lump sum gift, the price boards assign an end price of marginal cost + innovation gift per pill, which is then usually paid for by NHS or something so the costs are socialized

@someotheralex @jdcmedlock @_Jason_Dean_ @The_Albatross Perhaps, but a pharma industry that receives a quarter the revenue it receives now would look qualitatively different

@paulg If everybody is cancelled ... no one is

@NeerajKA @ne0liberal why would you let your company's work stall for 2 days instead of just breaking the door

@ahardtospell @NeoLibBen RINO

@Brett_Fujioka @mattparlmer The libs at vox missing the point as usual

@ne0liberal There are children on this site you monster

@JohnCarltonKing @Noahpinion And the Carbon tax

@JacksonKernion @MadelineOnMars @conorduffy_7 @OldDreyfusard Because she’s an enemy of the liberal international order and basically copped to that in her own words

@JacksonKernion @MadelineOnMars @conorduffy_7 @OldDreyfusard Hey man you explicitly asked

@JacksonKernion @MadelineOnMars @conorduffy_7 @OldDreyfusard Yeah I don’t necessarily think “stanning” politicians is bad. It makes life more fun. The truth though: it also makes us blind to people’s flaws and unwilling to award people points when they make valid criticisms ; the ever present hazards of hero worship

@JacksonKernion @MadelineOnMars @conorduffy_7 @OldDreyfusard There’s really no fine line between a stan and someone willing to commit atrocities in a politician’s name. Just degrees

@JacksonKernion @MadelineOnMars @conorduffy_7 @OldDreyfusard So you’re an ironic stan lol. You haven’t experienced the joy of being a true believer. It happened to me in 2016 with Bernie. (In my defense I was 18)

vox posts these takes to stir controversy and get clicks https://x.com/voxdotcom/status/1174032796593152000

@CascadianSolo do you mean print newspapers? bc lots of local newspapers have moved online and are doing fine, if weaker than before

@CascadianSolo you laugh now but one day the SV immortalists will actually crack death and you'll love them for it

@CascadianSolo unironically though, I think the tech press loves reporting on shitty startups like this one. In the East Coast media's mind, there are like 3 startups: Theranos, WeWork, and Juicero

@CascadianSolo there are tons more startups getting funding building tech that takes a phd to understand, but these aren't going to make headlines

@CascadianSolo If for every 100 (or even 1000) shit startups, there's one landing rockets on 10m x 10m platforms in the middle of the pacific ocean, i'm okay with it

@CascadianSolo but I do take your point that grifting investors seems to be a lucrative career path

beto's one liner about taking guns away is gonna be forgotten by democrats by next week but the right wing shows are about to use it to scare their audiences for years

@visakanv there's that cow that's supposed to have kicked over a torch and started the Great Chicago Fire

@visakanv "Mrs. O Leary's Cow" : https://en.wikipedia.org/wiki/Catherine_O%27Leary "Once the fire had ended, the smoldering remains were still too hot for a survey of the damage to be completed for many days ...."

@visakanv "the fire destroyed an area about 4 miles long and averaging 3⁄4 mile wide, encompassing an area of more than 2,000 acres. Destroyed were more than 73 miles of roads, 120 miles of sidewalk, 2,000 lampposts, 17,500 buildings, and $222 million in property, ..."

@visakanv "which was about a third of the city's valuation in 1871." hard to beat this one :(

a lot of people led me to believe that employers are gonna do some FBI level social media sleuthing to see if I've ever said anything fucked up before hiring me. i'm now certain none of them care in the slightest

@villi @Katie_Roof earnings don't mean shit. nobody makes real money on a salary. it's about that capital doing work for you

@larajaan @visakanv true but I choose to believe it anyway bc it's a great goddam story at the very least, it was her barn that first caught fire so it's still within the envelope of possibilities

@ahardtospell Some folks in this area are taking a tepid stance on licensing reform for doctors, but that’s the most important one of all. Smash the AMA’s rent seeking licensing quotas and let hospitals decide who they’re going to hire

@ahardtospell It’s not at all like medical licensing had prevented the thousands of alt medicine scams from popping up . Wtf is a “Doctor of Naturopathy”?

@ahardtospell Without AMA’s quasi monopoly doctor salaries and therefore medical expenses will plummet

@ahardtospell 100% true

@ne0liberal People are talking about Beto way too goddamn much

@fmanjoo You mean his biggest success

@ne0liberal His light touch market based approach was the best thing about him A charismatic neolib, I’m not sure they exist anymore

@conorduffy_7 People who don’t embrace modernity are often intolerable. It’s a form of magical thinking to be hung up on stuff like this

@ewpaisley @conorduffy_7 it's about making one's personal aesthetic into a moral imperative instead of using their own personal resources to get there this is the same ideology that births restrictive zoning

@JuddLegum or UBI + obamacare markets of course

@zck Schumer is a good asset for Facebook but not nearly enough.

@zck The Democrats are probably a bit confused at how little ring kissing there’s been from the newly dominant industry

@MattBruenig Or, you know, just get rid of employer based healthcare

@jdcmedlock @MattBruenig I tentatively support M4A, but it seems to me getting rid of employer based is the smallest possible policy change for the most immediate positive effect

@jdcmedlock @MattBruenig long term insurance contracts that allow companies to think in the span of decades will incent huge investment in preventative care, which will in turn cut costs

@jdcmedlock @MattBruenig Not necessarily! so many elderly are on Medicare because of employer based healthcare. After they retire, their coverage is either greatly reduced or ends. But with people buying contracts on their own, they might choose to pay premiums long after they retire

@jdcmedlock @MattBruenig Barring that, government can regulate contract lengths to encourage long term thinking or subsidize long contracts

@tcritch1 @WongKarWax @fmanjoo tell me something. when something like 50% of value is knocked off of the equity markets, do you think capital comes out unscathed?

@tcritch1 @WongKarWax @fmanjoo the middle class has not gotten poorer. there's no evidence for this, despite being often repeated

@tcritch1 @WongKarWax @fmanjoo https://ourworldindata.org/global-economic-inequality global income inequality has dropped drastically since the 80s thanks to the massive success of neoliberalism

@itsadumbwebsite @tcritch1 @WongKarWax @fmanjoo Middle class is shrinking, yes. It’s shrinking because so many are becoming high earners

@stone_toss @SuMastodon Aesthetic sensibility is innate and morals are aesthetics

@ryxcommar pretty sure the ideal politician is someone popular who represents a gradient in that direction

@jdcmedlock @ryxcommar I don't understand how everyone who supports the carbon tax hasn't managed to frame it yet as a tax on the greedy oil corporations. the fact that the left doesn't love this is a huge marketing failure

@conorduffy_7 I think the SEO algorithms repost article links on twitter every few months to keep the clicks coming

@Aella_Girl Easy for people with big houses and lots of goods to say Our system should work to give a path to a better standard of living for anyone who wants it

@TrevMcKendrick Y’all make a maximum of $30k per student right? At a 5x P/E multiple you’d need profits of $20b. I’ll assume you have something like 10% margins. So you need roughly ~8m grads per year? And why would 8m students go to one school? What happens when colleges start offering ISA?

@Austen @CindyBiSV How many students?

@AlecStapp now do airports

@DanielFrehner @TrevMcKendrick Most people’s primary desire is not to get jobs. It’s to have fun. Colleges are FUN! This is a brick wall that lambda will hit

@ne0liberal Waka Waka — produced for a globalist corporate event

@tonyholder_16 @DanielFrehner @TrevMcKendrick To be clear l mean the fun that comes with putting thousands of 18-21 year olds in a few square miles and the stupid shit they get up to

@arjunello @TrevMcKendrick @Austen Show me the science

@LukeYoungblood @TrevMcKendrick Then use 15x. Still needs 3 million students graduating per year

@thepoliticrat I’m a single issue voter on carbon taxes

@thepoliticrat Anything else can be unfucked later

@Neolib_Neocon enlightened centrist twitter, it will be completely insufferable

@Austen @TrevMcKendrick I mean tbf Trevor is saying “if you don’t think Lambda is worth at least $100b, you’re an idiot”

@gbl_4 @antihero_kate @aleksjames54 That’s like not having a credit score, or not listing your gpa on your resume. People will assume it’s bad

@edisn @owenrumney This is actually anti Semitic reeee

1) this is almost definitely a tourist store to give the appearance of plenty. Tactic out of North Korea 2) choice isn’t about making inane consumerist decisions between peanut butter A and peanut butter B. choice is the great equalizer — if you make trash product, you’ll die https://x.com/JordanUhl/status/1175470999044841473

The fact that there’s five indistinguishable varieties means all of them are better than if there were one

@agraybee To be fair lots of leftists have praised him for it. Not ur usual lot on twitter though

@orkoliberal I don’t think most people really realize what it means to make production a democratic process. If 51% of the population are religious Catholics, no one can get abortions or birth control? There is no freedom without free markets

@DIorioNathaniel False; in the 1st world, we mostly don’t have obligations. Nobody will die if we run away and do nothing productive for a few years. We create our own obligations from personal objective functions.

@DIorioNathaniel Whether that’s to produce interesting results in some area of science, become the best at some game, or to be a great parent, the fundamental quality of liberalism is that we are free to choose — no one can force us. This is the engine that unlocked the potential of our species

@DIorioNathaniel Never forget it and never let anyone take it away from you. This is why it’s ridiculous for the government to offer a “jobs guarantee” instead of a UBI.

@ne0liberal If the solutions are not deep tweaks at the systems level they are probably going to fail

@gbl_4 I feel like the ads are specifically selected to make you angry

@gbl_4 I wonder if they have an algorithm over there trying to maximize for Premium converts over actual ad clicks

@gbl_4 I believe the Geneva Conventions needs some amendments

@CascadianSolo Wrong. The transaction fees would be somewhat higher, and the miners would have to go running around in search of nuclear powered electricity. The system itself would be fine The difficulty of mining is itself variable — if fewer people are mining, the rewards come easier

@jdcmedlock True, which solves the problem @Noahpinion described here: https://www.bloomberg.com/opinion/articles/2017-01-12/milton-friedman-s-cherished-theory-is-laid-to-rest

@CascadianSolo this paper describes this in detail, including what happens when China implements a bitcoin mining tax: https://www.nber.org/papers/w24242.pdf

@DanSchneiderVI @AletheiaAtheos @jdcmedlock @Noahpinion In some areas where it mattered, he was also gloriously right. Open market trade policies have been proven one of the great engines of human development

@ESYudkowsky @ArtirKel Is it possible that physicists have collectively agreed that it’s easier to sell popsci books if we subtly endorse many worlds

@AletheiaAtheos @DanSchneiderVI @jdcmedlock @Noahpinion He was a furious open borders advocate and made headway with Reagan in pushing for the multifarious diverse talented democracy we have today. Not to mention getting rid of the draft and championing the ideology of individual freedom. Imo he got the broad strokes correct

@MenshevikM [ diaspora ex Hindu ] I don’t think bjp support is very common among second generation Indian Americans. First gen immigrants often harbor islamaphobic sentiment. My parents started off liking him and then turned on him after demonetization and other worrying news from India

@MenshevikM But I think you’re looking at this wrong. No matter what party the Indian PM was from, many Indian Americans would enthusiastically go to an event where that PM was visiting — feels good for the PM to acknowledge the diaspora

@MenshevikM “Worrying news” being reports of political dissidents being jailed among other regional politics issues

@Austen Name a few perfect bios

@NickMeier21 @patriotact I wish bernie would bring this back https://www.vox.com/2015/9/25/9397069/bernie-sanders-drug-prices

@CascadianSolo Then why should our policy goal be to preserve it as farmland?

@CascadianSolo I’m v unconvinced that farming is better for the environment than an amazon warehouse. Slap a carbon tax on and let the market decide. Also unconvincing that food security would be affected by a marginal decrease in USfarmland, when food is an enormously complex supply chain

@ne0liberal carbon in the atmosphere is a technological problem. you can put a price on it and reverse the damages via the market. loss of life is a moral problem -- you can't fix it

@Tangl3dBank @Richie_Research Rofl

@Tangl3dBank @Richie_Research As they say, if you can explain any scenario equally well with your model, you have no information

@SailorHaumea Bad take — my friends father worked for the UN WFP. Their family moved every few years, and he’s one of the most interesting kids I know. Having a stable upbringing is completely overrated

@MenshevikM This guy knows exactly what he’s doing lol It’s impossible not to react to this

@CascadianSolo It is strictly better than the current welfare benefits

@JohnCarltonKing @CascadianSolo Universalist schemes are harder to get rid of and reduce the pain and bureaucracy of means testing

@singaporesame @CascadianSolo People on disability don’t need to opt in

@ESYudkowsky @bryan_caplan Just use beam search :^)

@NickMeier21 @ramez Carbon tax must be supplemented with public research funds and also subsidies for fledgling green industries like clean meats. But the single most important thing we can do today is border adjusted carbon tax (and dividend) https://www.reuters.com/article/us-france-germany-carbonbordertax-idUSKBN1W42BL

@trekonomics This doesn’t seem so dumb actually. As the stock price fluctuates with changes in market conditions, you can learn a lot about real world micro Econ. Maybe tomorrow trump reaches a trade deal with China and the intel stock price goes up 10%. Its a fun auxiliary activity

@trekonomics what better way to get the kids to pay attention than to frame it as a game :^)

@InertialObservr @litgenstein is this true? would you agree with the statement that there's no object in the cosmos moving at constant velocity from its own inertial frame? doesn't everything feel the net tug of gravity?

@BoyYeetsWorld Invincible to gods and men

@Noahpinion If you realize what world trade has done in the direction of reducing human suffering, and go ahead and throw a wrench in it anyway, you aren’t just a bad politician, you are evil. Every other policy position she’s taken is relatively unimportant compared to this

@Noahpinion If it doesn’t fill you with deep apathy and cynicism to support a very smart candidate who knows better but has pivoted to killing people in the developing world for populism’s sake, then I’m questioning your motives too

Hella easy to blame the people in power for doing nothing. Now go look at the polling for how unpopular carbon tax is. It’s your fault too. If the electorate knew what they’d have to give up to solve climate change and accepted those costs anyway, we’d have solved it long ago https://x.com/uhshanti/status/1176211370171228160

Folks would rather depose a a few presidents before seeing their gas price go up

@DanielTakash True, but unhelpful. This is the same kind of argument people use to defend socialism in Venezuela and elsewhere. “If only the CIA hadn’t ...”

@ne0liberal Fking Hegelian

The bruenigs are neocons now https://x.com/MattBruenig/status/1176141596384997377

@GGreyscale @Noahpinion The galaxy brain take that people are better off starving and poor

@GGreyscale @Noahpinion It doesn’t matter if our corporations rip their teeth out when we still pay them double what they’d be making as subsistence farmers

@NeoLibBen She’s not selling anything ya know It’s entirely possible to be convinced of wrong things (in this case only slightly wrong)

@NeolibShill first, i'd have to tilt my head down to look at him

@DIorioNathaniel The more things you care about, the less you care about any of them

@nithin_vejendla So there are degrees of severity to carbon tax, with voters in France and Australia absolutely freaking out when raising the price has been suggested. A $5/ton carbon tax looks almost nothing like a $50/ton carbon tax, and the IPCC is calling for something like $135

@nithin_vejendla https://www.reuters.com/article/us-france-protests/police-face-protesters-in-nantes-as-yellow-vest-marches-resume-idUSKBN1VZ0DQ

@AlanMCole @karlbykarlsmith @swinshi very long on prediction markets going into the future. strongly believe we'll see them in play for both corporate and democratic governance

@AlanMCole @karlbykarlsmith @swinshi i'm pretty sure Dalio's fund already uses prediction markets for decision making

@bernybelvedere lol if you can't handle a few quote tweeted Lmaooo's you don't understand twitter

@BrettRichey @AlanMCole @swinshi to be fair the Betfair UI is p bad compared to something like predictit. It doesn't have the diversity of contracts or stylistic charm -- it presents contracts in the sports bets way as odds instead of the the predictit way (probability, futures contract)

@TrevMcKendrick completely overestimating the virtue of the left

@TrevMcKendrick the inputs for the left are just a different set of aesthetic traditions: a sense of struggle against hierarchies and an appeal to nature got very little to do with reason / rationality

@slightlysluggy If you think this button exists, you’re an idiot

@nithin_vejendla https://x.com/bluerepublik/status/1176759392353640449?s=21

@Noahpinion completely wrong bro. two words: border adjustment

@Noahpinion this gets everything wrong (1) the social cost of carbon doesn't really need to be known -- carbon tax isn't truly pigouvian (2) a carbon tax IS the NUDGE for industries to do technological switching, and a much more intelligent one than via regulation

@Noahpinion (3) guess how we're going to fund those smart grids? carbon tax

@NeoLibBen best way to browse facebook is to skip the inane social content from ur idiot friends and go straight for the ads

@jdcmedlock @archibaldcrane I generally think this whole endeavor is a bad idea. what about folks who are valued in the top 1% via very illiquid assets, such as equity in some startup? There may be no liquid market to convert those shares into cash to give to the government

@jdcmedlock @archibaldcrane why not just pump up the estate tax a huge amount? or has this become political suicide ever since the whole 'death tax' rebrand?

@jdcmedlock @archibaldcrane just caught that, but I think the only real innovation here is the "back tax" capital gains model on private assets. if you just exempt privately owned assets, all assets will become privately owned, and Americans will lose access to one of the great engines for building wealth

@jdcmedlock @archibaldcrane I'm not so much worried about difficulty valuing private assets as I am about destroying the equity-funded startup model, which has created so many of the winners of our time. If you make it too painful to sell equity and receive financing, the whole game is broken

@KevinCastley All publicity is good

@jdcmedlock @archibaldcrane Very nice, replacing capital gains with wealth tax seems good.

@visakanv @AndrewDixonSo I don’t think this ended well for Paris

@PopulismUpdates Kms

@AndrewDixonSo @visakanv Typical starlet things. Drugs, went to jail , generally hated in pop culture. The tabloids loved her, then they turned on her. Maybe we can still count that as a W for Paris.

@jdcmedlock @archibaldcrane but, I still, however, prefer the progressive consumption tax over any sort of capital taxation https://scholar.harvard.edu/files/mankiw/files/yes_r_g_so_what.pdf

@jdcmedlock @archibaldcrane I don't share the distaste for inequality that many do. The objective should be to increase the consumption of workers, not decrease the consumption disparity.

@nithin_vejendla My point is that the carbon tax at the level needed is deeply unpopular and if mild semantic changes shift views by 20 points, the poll respondents clearly haven’t understood the costs

@nithin_vejendla It’s easy to see this by the way people react to new gas taxes, or how much parliaments have struggled to sell them in other countries

Met @PalmerLuckey

@nithin_vejendla Yeah carbon tax + dividend is still my alpha and omega for climate change. I love it. I just think it’s going to require some political innovation to sell it that we haven’t quite grasped yet. Getting to $135 will be hard

@Theophite Do you really think there’s enough local franchise owners for this

@seyitaylor This is often the case?

@yukongold1898 Beto, Justin Trudeau

y do u hate the global poor https://x.com/SirajAHashmi/status/1177032856129986561

@zkproofs @mutual_ayyde There are tons. Pikketty is super easy to understand. Any leftist worth their weight in shit should read “capital in the 21st century”

@mccormick_ted I’m not sure I agree. In computer science / information theory, there’s a clear tradeoff between memory and computation. In other words, knowledge and logic. Most usable algorithms fall somewhere on the Pareto curve.

@mccormick_ted But it’s also clear that there’s outsized returns for methods that favor logic over knowledge; the so called “first principles” thinking. Most lines of reasoning that start from first principles will end in abysmal failure, but the ones that don’t shift paradigms

@chrisiousity @mccormick_ted information theory presents itself everywhere in the history of science and technology, and even in the organization of economic resources. For example, Hayek's model of prices as information flow mechanisms prioritizes parallel computation over memory

@chrisiousity @mccormick_ted I'm not trying to blind you with technical talk. You are the one who responded to my fairly civil response with, "this argument has zero value".

@chrisiousity @mccormick_ted I'd love for you to explain why the argument is illogical

@EPoe187 is the idea that human intelligence and language evolved to process gossip still in vogue?

@chrisiousity @mccormick_ted For example, if you look at the structure of most scientific revolutions, the big insights come when someone decides to question premises that everyone else took for granted. Einstein decides that time is not absolute and is able to upend physics; by forgoing existing knowledge

@chrisiousity @mccormick_ted there are thousands of people who probably tried to abandon similar physical principles and failed (computation). the deeper down the tree of knowledge you go and upend basic principles, the harder it is to recompute everything else on top of it

@jdcmedlock @gabriel_zucman @AndrewYang why is spending instead of investing a desired policy outcome? invested capital makes labor more efficient and therefore raises wages. I suppose this is an aesthetic choice, but I prefer incentivizing billionaires to keep their wealth invested than buying extravagances

@chrisiousity @mccormick_ted I think you misunderstood my whole premise if you think I'm "great manning" science. My point is exactly that Einstein got lucky and found one of the many parallel search paths that worked

@fchollet I dream about stuff related to my phone all the time

@trekonomics So your ethic command you to leave barren lifeless rocks as they were? I don’t think this is at all premised on commonly shared moral axioms. Leaving nature untouched is the exact opposite of what most religions preach: “go forth and multiply, fill the earth and subdue it”

@trekonomics would you have us go back to the moon and remove the flags?

@CascadianSolo Adding more people to a project drops productivity

@dandolfa Marginal utility?

@jdcmedlock @CascadianSolo Sure, but still clearly less productivity gained than lost. Aside from a few anecdotes about sports, this article has nothing in the form of data.

@jdcmedlock @CascadianSolo If companies could get greater value out of more employees at fewer hours, they would be doing it. There's clearly huge communication/networking cost to adding new members to a team. A player like Amazon that hyperoptimizes worker performance would have been all over this

@jdcmedlock @CascadianSolo unless I'm mistaken, this also creates the perverse incentive of hiring workers for under 30 hrs/wk to keep from paying health benefits. I've read many an article re: people in warehouse style positions who would ideally work *more* hours than fewer

@jdcmedlock @CascadianSolo for example, https://money.cnn.com/2014/01/13/news/economy/minimum-wage-hours/ so rather than adding regulation about working hours, the solution always seems to circle back to removing employer-based healthcare :^)

@visakanv @webdevMason @MWStory If a person can’t handle themselves dropped in the middle of Mumbai, good sign you don’t wanna be around them

@impcapital 2 billion people would feel the shock

@ExistentialEnso CIA director Jim Comey brought president trump into this world, CIA whistleblower is gonna take him out

@JOEWV @Dominic4532 @chrisiousity @mccormick_ted The data’s not corrupted so much as the cache has been invalidated. It was built on assumptions that are no longer true or reasonable. To recalculate will require computation m/logic

@JohnCarltonKing @jdcmedlock @CascadianSolo Two reasons: 1) what op mentioned is not a difficult idea to have for upper management at an avg company 2) in a highly competitive industry, illogical companies get killed

@JohnCarltonKing @jdcmedlock @CascadianSolo I can see your argument working if being “logical” requires coming up with some insanely complex market mechanism (which, even then, a modern company is likely to do).

@JohnCarltonKing @jdcmedlock @CascadianSolo I'm by no means claiming that all markets are perfectly efficient or anything like that haha Only that this is a super easy idea to come up with and test, and probably has happened hundreds of times in business history, and has not succeeded in any visible way

@JohnCarltonKing @jdcmedlock @CascadianSolo I buy @jdcmedlock explanation that companies are bound by per employee fixed costs, which may warp their decision making, but not that they could magically increase the firm's health after benefits payouts by employing more people at fewer hours

@JohnCarltonKing @jdcmedlock @CascadianSolo working >40 hrs will obviously decrease per hour productivity, but may not decrease total productive output (up to a certain point), or have that per hour productivity climb above marginal product.

@JohnCarltonKing @jdcmedlock @CascadianSolo the overtime laws also create perverse incentives https://www.mercatus.org/system/files/Boudreaux-Overtime-Pay-Regs-v2.pdf

@EndaHargaden I don’t understand how people can be viscerally angry about wealth that never gets spent — it’s a Fugazi, it ain’t real

@john_c_palmer They won’t, but the signal:noise ratio will

@HarperMitchell Making money isn’t about consumption dude, it’s about power. You can reorganize the way the world works for better or for worse. It’s more noble than running for political office because you’re likely to have created value while doing it

@HarperMitchell so if someone is manufacturing smart bombs, there's only one reason for doing that, which is that the government wanted it. very likely that if your friend (or someone else) didn't make those smart bombs, they'd use other more dangerous ordnance to achieve their ends

@HarperMitchell you're making a separate case here that natnl defense isn't valuable, which is a subject that's very much up for debate. Either way, make enough money and you can lobby the government to *not* do that, if you don't support the wars they're fighting. that's what you can do w >300k

@HarperMitchell my point here isn't about bombs or government, but only that you can definitely not be a psycho and find good ways to use a much vaster sum of money than you'd be able to spend on vacations and personal freedom

@_Jason_Dean_ explain to me why everyone is turning on ben rhodes pls

@_Jason_Dean_ truth is he's very public facing and has the appearance of being more influential in obama's foreign policy than he was. His greatest skill was appealing to Obama's idealist side. He personally campaigned inside the obama admin for military action and syria and didn't get it

@_Jason_Dean_ to blame ben rhodes for any of these failures is to give him a lot more credit than he deserves

@accountable_gov @_Jason_Dean_ if you can blame anybody for obama not intervening in Syria, it should probably be the American electorate. Military action was *deeply* unpopular at the time, and that was obama's critical input

@NeoLibBen @ArtanXhezairi he was pretty remarkable. His major flaw is that he was pretty uncritical of colonialism. To seriously suggest that the British colonies got more out of it than the British themselves is ridiculous

@generativist Mfw

@malco_barrett @generativist Ann Arbor guy, eh?

@koaleszenz Is there any evidence that it’s hemorrhaging subscribers? People say they’re quitting Facebook en masse like every few months but the quarterly reports show the numbers steadily tick up

@m0ve_im_gay @_Jason_Dean_ Wasn’t he a key architect of the Iran nuclear agreement? How does that read as “not a threat”?

@m0ve_im_gay @_Jason_Dean_ Thanks for the detailed response

@m0ve_im_gay @_Jason_Dean_ I’ll be honest, I don’t know much about Iran but I agree with Rhodes that the Saudis and Emiratis are scary as fuck. Maybe they aren’t the ones destabilizing world trade at the moment, but it won’t do to be complacent with them

@andrewmoo22 @EndaHargaden If money sits in a bank and isn’t used, how is it creating power? The solution to your problem would be to tax political donations as consumption.

@andrewmoo22 @EndaHargaden Trust fund kids are often far less powerful than a CEO with a much smaller net worth

@jdcmedlock @bufordsharkley VAT >>> LVT tbh. Henry George’s ideas about owning land worked 150 years ago, but it’s no longer even close to the most important factor of production, much less actually monopolistic. My hot take is that most Georgists are land use liberalizers who’ve lost their way

@jdcmedlock @bufordsharkley In the modern world we should probably use Henry George’s ideas to tax property that’s actually monopolistic, like, say, drug patents :^)

@andrewmoo22 @EndaHargaden He became president because Americans liked him. He underspent his opponent Like I said, CEOs of small companies can be more powerful than much wealthier trust fund kids. People who own small shares of corporations can control majority voting

@bufordsharkley @jdcmedlock the problem is zoning :)

@jdcmedlock @bufordsharkley All private property is monopolistic of course, but I'm speaking in terms of degree here. The amount of monopoly power you have as the sole producer of, say, Gala Apples is small, compared to the sole producer of Daraprim

@andrewmoo22 @EndaHargaden if it was instead controlled by thousands of people worth $50 million, do you think they would direct it more responsibly? I'd wager the exact opposite

@bufordsharkley @jdcmedlock Is there some reason mr. producer is not competing with the guy who owns the block next door?

@jomgy Rip I’ve angered the georgists

@bufordsharkley @jdcmedlock “Implicit collusion” is just market consolidation. how is it that Manhattan rents keep rising, but Tokyo rents are stable or falling? Could it be that nimby’s are preventing housing competition via planning and zoning? Or are the Japanese landlords just nicer and won’t collude?

@bufordsharkley @jdcmedlock Not to mention the asset price problem: http://timothyblee.com/2014/03/03/the-case-against-land-value-taxes/

@bufordsharkley @jdcmedlock Landlords make a 4-5% return on rental properties in Tokyo. That doesn’t sound like monopoly rents to me

@bufordsharkley @jdcmedlock Daraprim is sold at a 15,000x markup ... hm

@bufordsharkley @jdcmedlock Lmao their consumption behavior has not been any different; being a homeowner is a sin in your view? This is an almost laughable take

@bufordsharkley @jdcmedlock Land is not special. The fact that landowners benefit from positive externalities is not special. If I own a share of Facebook, and tomorrow intel starts producing chips at 1/10th the price, I will reap the positive externalities.

@bufordsharkley @jdcmedlock if the assumption of complete monopoly power is untrue, then LVT will get passed onto the tenants. I currently live in an urban core. Am I paying at the height of my willingness to pay? Not even close. If people aren’t at their WTP, everyone’s rents will rise

@bufordsharkley @jdcmedlock Homeownership has also been one of the great wealth builders for the middle class. http://www.jchs.harvard.edu/sites/default/files/hbtl-06.pdf

@bufordsharkley @jdcmedlock You are mistaken. They cannot charge me more without a competitor snatching me up. It turns out there is nothing special about the room I’m renting

@bufordsharkley @jdcmedlock Georgists should just admit they like LVT for punitive reasons rather than anything regarding efficiency. You feel land owners have committed some original sin and they have to atone

@fchollet It *will* change everything, once a thousand applications and a million models slowly transition to it and I never have to look at a variable_scope anymore. In the meantime, we use PyTorch :^)

@CapitalNotLand @bufordsharkley @jdcmedlock Nonsense. When I buy a share of Berkshire (or a government bond), I do absolutely nothing and earn a dividend year over year. The entirety of the future payout is priced into the stock when I buy it. It's the same with land; all future land rents are priced in at purchase price.

@CapitalNotLand @bufordsharkley @jdcmedlock The fact that the landlord benefits from land accumulating unexpected positive externalities isn't mutually exclusive with what I said before. Tokyo could also have fell apart. Not all land appreciates, just consult about my father's investments in India :^)

@CapitalNotLand @bufordsharkley @jdcmedlock So, to be clear, I am not opposed to a small LVT. But the idea that some neolib adjacent folks on this website push, that it should be the main way we furnish governments in the future is beyond silly

@CapitalNotLand @bufordsharkley @jdcmedlock Land is already a fairly bad investment. It’s supremely illiquid, suffers from externality problems and is very exposed to changes in local economies. Landowners take on huge risk. If I buy a house, and tomorrow my local school district ranking goes down, I’ll be footing the bill

@CapitalNotLand @bufordsharkley @jdcmedlock Neolib twitter is a subset of policy wonk Twitter. It coexists with Georgists, social democrats, and even neocons. Either way, you hear about LVT way more often on this site than the topic deserves

@jdcmedlock @gabriel_zucman Not quite https://x.com/maxghenis/status/1178320837906067457?s=21

@jdcmedlock @gabriel_zucman I realize social democrats are more concerned about inequality than I am, but VAT+UBI increases worker consumption (w_c), while wealth tax + redist actually decreases w_c. It is theoretically better at reducing inequality, ie not my main objective https://scholar.harvard.edu/files/mankiw/files/yes_r_g_so_what.pdf

@CapitalNotLand @bufordsharkley @jdcmedlock hold on I'm not equating georgists with neolibs at all; only saying that they frequent the same spaces on twitter

@jdcmedlock @gabriel_zucman and I think most Americans agree: https://x.com/WilliamAEden/status/1178372333288820738?s=20

@gabriel_zucman @WilliamGale2 @wwwojtekk @howisthewater Then cover these things lol

@conradvink1 @jdcmedlock @bufordsharkley 51% — UK is not normal in this regard. Germany is at barely 25%. Still does not matter unless you can prove there is monopolistic consolidation of land ownership in UK

@wwwojtekk @gabriel_zucman @WilliamGale2 @howisthewater Billionaires will feel the tax burden in the companies they own when every step of the production chain creates VAT

@wwwojtekk @gabriel_zucman @WilliamGale2 @howisthewater Drop in expected profits is itself a wealth tax

@seaniepops707 @jdcmedlock @CascadianSolo Depending on how much more productive it makes people, you could afford to work them 30 hrs and pay them the 40 hr wage. The fact that we don’t see this means the productivity gain is tiny

@MaxGhenis Doing God’s work here. The left has collectively lost their minds. Since when did making the rich poorer become more important than making the poor richer?

@ArtanXhezairi @Neolib_Neocon Pls add @tszzl

@andreasklinger This is what google is

@andreasklinger And instead of a shitty rating system people vote with their feet

@jdcmedlock I think Johns tryna tell you to stay way from Wendy’s actually

@orkoliberal pls man how are the female characters props in NGE wtf

@orkoliberal It’s true that Gainax had some hand in inventing fan service, but imo nge is tasteful and purposeful with it Almost always leads to a character moment

@orkoliberal One of the major motifs behind nge is the main character’s burgeoning adolescence and growing up. The show is overtly sexual, even in the opening song

@vgr Nuclear reactors

@orkoliberal Lmao I guess you’re not the target audience, but I will say this show was life changing for me. Idk if you you’re talking about it in retrospect but my advice is to stick it through if not. You don’t really have to relate to Shinji to enjoy it. I find asuka more compelling

@jason_online @Noahpinion so would you call it "appeasement"

@Iiberty_prime @MaxGhenis “Interesting” is one way to put it

@GarettJones @AriDavidPaul @DavidGNI How exactly do people think crippling the company will make them better able to wield resources to defend against nation state level attacks 5 small facebooks will fare a lot worse than FB

@DavidGNI @GarettJones @AriDavidPaul Not at all lol, twitter is absolutely ravaged by botnets despite it having a much smaller reach than Facebook. If what you said is true, then we'd see Twitter being too unattractive to focus resources

@DavidGNI @GarettJones @AriDavidPaul In the span of time since the 2016 election they've devoted oceans of capital to building up the election security infrastructure in a way -- they spend more on security than twitter makes in revenue

@DavidGNI @GarettJones @AriDavidPaul Your example does nothing to help your point lol The crippling of Juul is clearly due to pushback from the old guard, the big tobacco donors

@DavidGNI @GarettJones @AriDavidPaul Exactly like the misinformation campaign New York Times has been waging against Facebook, a direct competitor

@DavidGNI @GarettJones @AriDavidPaul Also, scale is relative. Sure, Facebook has a large reach over how people chat with each other online, a tiny portion of the economy at large. Intel has a 100% monopoly on server grade processors but you never see anyone complain about that

@eiaine @rivatez @nic__carter The American rule of law is actually a lot better than this, or no startup would ever win

@ESYudkowsky Just read all 3 His Dark Materials book :^)

@TheAnnaGat I mean there are literally slave markets in Libya now

@zebulgar The idea of organizing an event around contrarianism is pretty self indulgent, but carry on

@david_perell Is it because the process is largely mental

On one hand this is dangerous propaganda .... on the other hand I’m dying https://x.com/realDonaldTrump/status/1179502966606352386

@david_perell which is the sole reason why markets and democracy are the best way to organize society — design the objective function and let organizations grow and die around it

@AndrewSolender Nah, this is just wrong. Wouldn’t you cheer if Stalin got a blocked artery? I’m obv not saying Stalin is comparable to Bernie, but politicians and billionaires who can make decisions that affect millions or billions have to be treated separately from ordinary humans

@AndrewSolender i.e. it is moral to hope for someone’s death if it would prevent two more.

@jdcmedlock Sounds like a bad time

@dakami She explicitly doesn’t want to do anything to make nuclear viable

@dakami Buttigieg and Biden both came out pro nuclear Warren wants to phase it out by 2025 https://www.usatoday.com/story/opinion/2019/09/11/no-nuclear-power-elizabeth-warren-bernie-sanders-absurd-editorials-debates/2234071001/

@NeoliberalFed this article is just straight up magical thinking. Even if the wealth tax actually worked, drastically encouraging the rich to consume instead of invest might be the stupidest idea ever had in economics

@NeoliberalFed nor do I want to live in a world where founder's control over their company gets eroded away to the rent seekers and finance guys (or even worse, the government)

@poojasubb But wouldn’t you agree that some injustices more urgently demand solutions than others? There is a scale of severity right?

@webdevMason Caring about every problem is synonymous with caring about none of them

@MaxGhenis I sleep better knowing that founders still have control over their own companies rather than the money men and rent seekers. Would hate to see that balance destroyed

@NickMeier21 Emerson is shit and I’ve also lost all faith in polling after 2016, especially in the Midwest

@NateSilver538 It makes sense to bet disproportionately on the tail risks. The weirdo candidates who are X factors. Betting a ton of money on Kamala Harris or something wouldn’t make sense at this point

@AlexNowrasteh @dmendozamoyers @JustinLawGuy @chicagobeers1 Entirely possible she sold out to progressive populism to gain votes She has Saez and Zucman working for her, so I’m really doubtful she’s unserious about her new positions

@MaxGhenis @Harveyrf22 If VAT slims expected profit margins it decreases wealth

@spectatorindex This is a trash list lol

@K_Pushkin @spectatorindex It presents Europe as the whole scale. You could blow this wide open if you included growth in the Asia pacific region

@K_Pushkin @spectatorindex for ex. China GDP per capita has grown around a 1000%. Without mentioning the fact that it's limited to Europe, you're painting a picture that Russia is the fastest growing country in the world

@RJLvegas @Robyn9124 There are literally a handful of people in the world who could competently run a Fortune 500 organization. Paying them a few million to tend to empires that generate 100s of billions in revenue is more than reasonable

@MaxGhenis this looks and feels like a power use subsidy, jeez

@naval Have u ever accomplished anything other than sloganeering

@yungneocon Thinking this is the height of cruelty. Access to contraceptives & the ability to delay having kids vastly increases a woman’s quality of life

@yungneocon Implying that handing out condoms is equivalent to sterilization

@yungneocon Lmao our sex Ed classes talk about controlling teen pregnancy. Is it because our schools are waging a sterilization campaign on us? Gates Foundation consults with local women to find out what the easiest way to give them a *choice* not to have kids is

@yungneocon When a family can delay having children to when they’re actually ready they can think about investing in themselves by going to school etc.

@Noahpinion Almost definitely upper class professionals who feel undervalued

@Noahpinion that's why all the big name leftists are Brooklynites and spiffy looking dudes like @AnandWrites. This is a hobby and a claim to fame for them.

@Noahpinion @AnandWrites They want cultural power that they don't have and these are the means to achieve it. I won't fault them or begrudge them this but that's all there is to it. Working class folks want steadily rising incomes, they aren't reading Jacobin

@PuncheeBurro @Noahpinion @AnandWrites feel like it's still the center of the cultural universe, the culture is just worse now

@Antifauxpas @Noahpinion @AnandWrites class isn't just a matter of income. It's about the cultural motifs you use, the interests you peddle, and having parents to fall back on when you don't want to work 3 barista jobs anymore. https://x.com/Noahpinion/status/1180596899524427776?s=20

@Antifauxpas @Noahpinion @AnandWrites any of these people could have easily found a well paying job in something marketable if they wanted to, having attended a high rank university or college. They *idn't want to*. They're searching for more than survival, and think the universe should be kinder to their search

@Antifauxpas @Noahpinion @AnandWrites But I don't agree. I'm not really interested in subsidizing upper middle class dreams to become writers or philosophers or something. By all means, do these things if they provide more utility than the money lost, but it's not our job to willfully overproduce philosophers

@Antifauxpas @Noahpinion @AnandWrites if you have to appeal to your own credentials or authority instead of just responding with a counterargument, you're basically throwing in the towel

@Antifauxpas @Noahpinion @AnandWrites I don't think these folks are dumb at all. The people I'm talking about are just fighting for their own interests, like everybody else. I just have a different set of interests and a different direction I want the world to evolve

@Antifauxpas @Noahpinion @AnandWrites https://x.com/PuncheeBurro/status/1180605350531215360?s=20

@runvc Why do you even need to invoke the simulation premise to make this argument? You've lost the lede here. We know AGI is possible because the universe follows strict reproducible laws, and we exist in such a universe

@runvc i.e. intelligence is algorithmic

@runvc @JuJoDi It’s obvious our intelligence is not general — we’re good at the very limited set of things that allow us to parse and survive the real world. But it’s general *enough*

@vgr “Twitter but only for people I agree with”

@jdcmedlock @Noahpinion @AnandWrites Don’t think I’m disparaging them; what I’m saying is almost tautological. *everyone* wants cultural power, but upper middle class people are well situated to get it and fight for it. It doesn’t mean they don’t genuinely believe in what they say

@jdcmedlock @Noahpinion @AnandWrites Everything humans do is part self interest and part true belief, including my technoliberal bent

@karlbykarlsmith Wrong, more democracy is good

@Noahpinion 1) steadily increasing carbon tax 2) deregulate zoning/ land use 3) end employer based healthcare 4) steadily increasing UBI 5) new scientific moonshot project

@wb_thorne @Antifauxpas @Noahpinion @AnandWrites World Gini coefficient and extreme poverty are both at all time lows, while only rich country inequality is marginally up. Again, this has to do with downwardly mobile people on the top 1% of the global income distribution wanting to ruin the human project for the other 99%

@wb_thorne @Antifauxpas @Noahpinion @AnandWrites Plus there's this. The middle class is "shrinking" into the upper class

@Antifauxpas @wb_thorne @Noahpinion @AnandWrites https://commons.m.wikimedia.org/wiki/File:Middle_class_shrinkage.png#mw-jump-to-license sourced from the literal census data my dude

@Antifauxpas @wb_thorne @Noahpinion @AnandWrites Gini index in the US has gone up by .04 points in like 20-30 years and has basically stopped growing https://www.bloomberg.com/opinion/articles/2018-06-06/yes-income-inequality-has-stopped-growing

@wb_thorne @Antifauxpas @Noahpinion @AnandWrites I’m not strawmanning you, I’m questioning your assumptions that we should be maximizing for rich country welfare

@wb_thorne @Antifauxpas @Noahpinion @AnandWrites I fully support stronger unions. I just think none of the premises or conclusions of your argument are correct.

@wb_thorne @Antifauxpas @Noahpinion @AnandWrites Improving global welfare isn’t about giving away aid spending. It’s about maintaining free trade globally. Sanders and Warren both are endorsing tariffs so yes I do think socialist movements in America are willing to damage global workers to help them selves

@wb_thorne @Antifauxpas @Noahpinion @AnandWrites Whether or not warren is a socialist is a semantic debate that I can never win. What matters is that she’s more socialist than the status quo China and America have strong bilateral trade ties leading to the Chinese economic miracle. https://slate.com/business/2016/09/when-china-joined-the-wto-it-kick-started-the-chinese-economy-and-roused-a-giant.html

@wb_thorne @Antifauxpas @Noahpinion @AnandWrites These are all true, but these subsidies are tiny fractions of the free economy. China has not manipulated their currency in quite some time

@conorduffy_7 Shouldn’t lose hope for all referendums bc of Brexit

@jbduncan96 @_Jason_Dean_ @jdcmedlock this is why I like universalist schemes such as UBI. There's no expectations or strings attached that come with receiving your benefits. If you can get by on 12k a year, more power to you. You're a paragon of efficient living.

@Nate_Keating @karlbykarlsmith There are certain moral judgements that it should be left to the people to make. 1) don't know what you mean by non scalable. With smart phones and PKI, scalable public voting should have been implemented yesterday

@Nate_Keating @karlbykarlsmith 2) shifting decision making away from the center is (sometimes) good. that's been the theme of the 20th century. too often the benefits of extra information are lost in the center bc a representative is forced to make a suboptimal choice for political reasons

@jbduncan96 @_Jason_Dean_ @jdcmedlock In the long term, the vast majority of human labor may not be as valuable as it is today. When that happens, everyone will more or less be "living on the dole". This is a *good* outcome.

@_Jason_Dean_ director has been waffling on that for a while

@Biedersam lmao incredible observation that the taxes were high when the entire economy was on war footing and every last person in the free world was trying to defeat the Nazis the % GDP that's government expenditure has only gone up over time https://fred.stlouisfed.org/series/FYONGDA188S

@Biedersam basically everybody is better off now than they were in the 1950s and you are living in a fantasy world

@Nate_Keating @karlbykarlsmith For example there's a fundamental tradeoff between growth and inequality. That decision to make that tradeoff isn't one that'll be made better by having extra information. Or say, whether or not sex work should be legal. People talk about the crime stats, but the choice is moral

@Nate_Keating @karlbykarlsmith bc simple moral choices are best made by summing the objective functions of all people. Why work through proxies if the question is something everyone can understand? 'should people be able to trade sex for money' is qualitatively different than how dialysis should be subsidized

@Nate_Keating Good question, I don’t know. I guess I was imagining the executive branch having this power, but it seems easily abusable

@banalplay @PissJugTycoon you need to be as cool as Trump is to take him down (he's unfortunately objectively funny). you needed a guy like obama

@KevinCastley I think it’s more about being unconvinced of the success of military liberation pal When you install a blockade you hope it’ll own the CCP but you’re just owning millions of poor chinese farmers

@phunkshun @banalplay @PissJugTycoon Lmao this is a bold thesis So you’re telling me Bernie from Brooklyn is the counter?

@phunkshun @banalplay @PissJugTycoon Completely agree, Bernie’s a goddamn treasure. It’s a damn shame his politics are pretty far left of mine I honestly think Obama could’ve clowned him though, that guys also got the gift of gab

@clmazin @dantelives13 @Noahpinion Lmao. This is why I can never delete twitter

@dakami Disagree. People are much more likely to back down in real life from their real viewpoint for social reasons. The zealous impassioned dedication to speak your truth only comes out online

@t3703 @jdcmedlock When you build the house, you need tons of materials that’ll be subject to VAT. Downstream steph will be paying those costs in the subsequent deterioration of the home

@jdcmedlock Should be noted that the homelessness problem is basically due to rampant corruption in land use. We could fix the problem via market means. True that we probably won’t grow ourselves out of healthcare costs anytime soon, but there is some large degree of rent seeking there too

@jdcmedlock Redistribution may not even help the homeless if supply problems aren’t fixed. Would prefer mass dereg but also open minded to building social housing if it’s politically easier

@t3703 @jdcmedlock Honestly that’s fine by me. The percentages don’t really matter post redistribution. If wealth is either investment or consumption, then I don’t see a good moral imperative to tax investment. Investment raises wages and raises growth.

@t3703 @jdcmedlock But investments will also be hit by VAT. (1) if you consider invested wealth as future consumption, the VAT will be paid later. (2) if you consider an asset like a stock, which represents a DCF of a company, it will lose value as profit margins are thinned by VAT

@t3703 @jdcmedlock VAT is also extremely efficient and hard to avoid

@Altimor Need powerful tools to defend our attention and consumption behavior to fight the powerful tools sapping our attention and our money

@RebelEconProf Explain

@adamnash @Noahpinion @_Simon_K @kevinakwok Can be fairly simply explained by the fact that the US overrelies on the cost plus contracting model whereas other developed countries work with fixed cost contracting model An extremely simple misalignment of interests that government will pretend not to understand

@accountable_gov @InTheLionsDen_ Neocon twitter maligns him all the time for crimes he didn’t commit. Still, neocons and neolibs arguing makes me wistful for better times

@LindseyGrahamSC This is your fault

Ya ur describing anime https://x.com/eigenrobot/status/1181251220972818433

@DavidL206 @_AndrewSang @CathyReisenwitz Here’s hoping this Supreme Court bans zoning

what kind of ridiculous conspiracy theory BS is this lmao https://x.com/ewarren/status/1181348868136542208

@BrettRichey yep it's infuriating

@sarthakgh Don’t bother, there’s no payoff

@EricRWeinstein @elonmusk Seems to take simulation theory pretty seriously. Compared quantum nondeterminism with dynamically rendered screens

@ComfortablySmug Hillary’s running goddammit

@teddygoff smarter people were pulling his strings, and it really doesn't help or hurt anyone to excommunicate an aged ex president with no power

Everybody on Twitter pretending that they wouldn't talk to a former POTUS if they got sat next to him

@NeoliberalFed @GeolibGeorge @UnhWut @DIorioNathaniel I muted him, kept saying blatantly illiberal shit

@NeoliberalFed @GeolibGeorge @UnhWut @DIorioNathaniel When do succs become authoritarians

@JamesHe37968708 @jimgeraghty @DanaPerino Removing someone for expressing an opinion is itself political

@jessesingal The corollary of this comic is that we can get angry at the corporations and communities that limit free speech.

@jessesingal We don’t have to coerce them through legal means but through commercial ones

@jessesingal The principle being defended here is liberalism: societies organized around voluntary exchanges. To get Blizzard/Apple and whoever else to stop misbehaving we need to incentivize it through boycotts and such

@JamesHe37968708 @jimgeraghty @DanaPerino You’re missing the point. Inaction is also a political statement. When they decided to kick those folks out of the game, they themselves made a political statement i.e. we will bow to China

@stephenjudkins @ryxcommar @jessesingal @polisisti It takes a careful misreading of this comic to not see that it also endorses the corollary; leaving a community that restricts too much speech

YouTube and Twitter aired the same ad but you won’t hear anyone comment on that https://x.com/ewarren/status/1182011637735333888

Weak try harder bro https://x.com/anthonyVslater/status/1182040365550850048

Periodic reminder that Apple bends over backwards on the reg for China whereas Facebook has completely abandoned their market for free speech reasons https://x.com/Noahpinion/status/1181974464516374528

@NickMeier21 @louismirante Can’t wait for the local planning boards to just not follow the law

@bessbell To recap: amazingly, every part of this tweet is wrong

Fucking disgusting https://x.com/pinboard/status/1182160286708424704?s=21

@ne0liberal I think you mean awesome

@jdcmedlock Private prisons, but prisoner gets to choose which prison

@ne0liberal @webdevMason @JohnDelaney How do you adjust the estimation errors?

@Noahpinion 100%

@ne0liberal This seems inefficient. Isn’t there a way to buy gas masks and whatnot for protesters on the ground?

@ahardtospell The latter statement is an interesting but not obviously apparent position

Everybody conveniently forgets how Facebook carried Obama to victory in ‘08. Engagement doesn’t mean “the biggest idiot wins”, it means the candidates have to be inspiring, interesting, and tech savvy. If you don’t pass that bar, you lose. https://x.com/WillOremus/status/1182688628708917248

@marathiMaharaja Yeah u right that they weren’t nearly as big back then, but all of those users were US based, and the pundits at the time we’re writing analyses about how the Obama campaign was killing it on Fb

@benshapiro Ok liberal

@accountable_gov Should just move Corp income tax to zero

@_Jason_Dean_ Steph Curry’s a major face of the NBA. He’s part of the fabric of the brand. Completely different than a random jeweler

@_Jason_Dean_ Part of the weight of being famous is to be a moral leader If Steph can’t stand up to the NBA and demand they do the right thing, who even can?

This is an incredibly dumb and dangerous ad campaign. We don’t know the long term effects of a lot of things, which is not at all an argument to ban. Come up with evidence that they’re dangerous and THEN run these ads. Until then, you’re just killing people who would’ve quit cigs

This is literally the Pascal's Wager of Juuling

@fchollet There can be a war raging without enmity. Facebook and Google compete with no mercy, but there are tons of emps who’ve worked at both companies

@fchollet Any product fights for attention from the moment it’s born. Doesn’t mean there can’t be cross pollination

@fchollet It’s a nonzero sum game, but still a game

@Neolib_Neocon @NeoLibBen If you’re in a public facing profession fancy suits and haircuts are a business expense

@gregeganSF The names aspirational. Hopefully one day Starship Mk. 38 actually makes it to the stars

lol @ owning people who lie on Facebook by lying on Facebook https://x.com/business/status/1182911940668076033

@computergorl To the careless reader that’s no different than a lie. Most of us read the headline and keep scrolling. Either way, it seems dishonest

@litgenstein So glad I discovered braket twitter

@jenniferm_q did the dog consent to being bought and sold on a slave market? I feel this isn't a valid argument

Quickest block https://x.com/WalkerBragman/status/1183091200892514304

E. Warren is pushing misinformation 1) political advertising is a tiny fraction of FB's revenue stream (<1%). They pay way more in brand hits and controversy than they make back in ad sales. zuck keeps it around because they think it's valuable https://articles2.marketrealist.com/2019/05/why-facebook-considered-ditching-political-advertising/ https://x.com/business/status/1182911940668076033

2) It would be very easy to bow to pressure and just delete ads that are clearly false. They're risking the wrath of both parties to take this current stand. Only one explanation for that madness: ideology, the dedication to free speech

@vgr tbh it seems any sufficiently constructed hypothesis can satisfy this when you add the "or not"

@MaxGhenis saving the economy from the bottom up would probably have been more efficient than saving the pathological banks

@MaxGhenis would have gladly seen them all go under and the Fed itself open up paper markets. there are no markets if firms aren't allowed to die

@MaxGhenis Absolutely, so hand out an unconditional bottom up bailout (UBI). Now I realize that may not have ever been within the envelope of the politically possible, but perhaps policies that are better aligned with this idea were possible

Not to be a dick, but this guy didn’t plan for the eventuality that his life saving equipment might need backup power? https://x.com/thehill/status/1182806108919910400

They did it to prevent forest fires that last year killed 90 people? https://x.com/berniesanders/status/1183080896422973440?s=21

Kind of hilarious to read shit like this knowing that these people have never stepped foot in a place like rural India, where the government run power sector rations electricity so that it’s turned off more often than it’s on

@CascadianSolo My point being that blaming corporations is a stupid gut reaction, not that this outcome is acceptable

@CascadianSolo Don’t know anything about this

@wesyang We should have people all over these spectra. A world where everyone is cooperative instead of competitive is no fun at all. With a diverse set of abilities, we can Pareto optimize

@mattyglesias @normative Only an idiot and a shill would think that such a position doesn’t directly extend to twitter and YouTube

@mattyglesias @normative Have fun demolishing the most vibrant part of the American economy while China’s companies take over the world

@DIorioNathaniel @0rdoLiberalism Honing in on the stacys

@wwwojtekk You’re a goddamn hero

@AthulKAcharya why not make it forever?

@Altimor You either die a hero or live long enough to see your PMs become afraid to talk to users

@paulg You mimetically acquire the things you love

Also demonstrates the corollary; taking a stand on American social justice issues is cheap and basically risks nothing https://x.com/melissakchan/status/1183930979821543425

@ESYudkowsky What are the barriers to increasing supply in education?

Leaving this cursed app for TikTok anyday now

twitter has radicalized me into realizing the star trek Prime Directive is evil as hell

@NeolibShill @inspireprag Noah only posts cringe

The tasteful thickness of it https://x.com/johnkroencke/status/1184200650382610432

Each of these companies paid billions in payroll, sales, and income taxes https://x.com/BernieSanders/status/1184115226687557632

@wesleyytian as in the personal income taxes of employees they paid with the economic activity they generated

@mtsw @orkoliberal

@NickMeier21 corporate income tax only accounts for about 9% of total government revenues, and our corp tax rates are as high as most of the Nordic countries. The majority of tax paid to the federal government is through income and payroll taxes, and this is for good reason

@NickMeier21 it's an even lower % in the Nordic tax systems total yearly US personal income is around ~$15tr whereas total corporate profits is around ~$8tr capital increases the productivity of labor, so you can directly claim that companies like amazon and delta helped create those taxes

@NickMeier21 the main way the federal government funds its activities is by putting tax incidence on payrolls. Personally I'd prefer a consumption (VAT) + small wealth tax based system instead of income, but as it stands we don't really need to juice the corp income tax

@computergorl @maisany @PramilaJayapal @ewarren OP’s argument is so circular and full of holes it’s amazing wealth tax people can think straight

@computergorl @maisany @PramilaJayapal @ewarren There are actually valid arguments for wealth taxation, but you won’t ever hear one from the “eat the rich” types. Capital gains punishes the most efficient capital holders whereas wealth tax punishes those with the smallest returns most.

The robots will never forgive us for these giraffe related indignities https://x.com/OpenAI/status/1184145789754335232

@computergorl @maisany @PramilaJayapal @ewarren https://economicdynamics.org/meetpapers/2017/paper_913.pdf

@johncarlosbaez Is Escher on TikTok now

@mr_james_c Not true, it’s not newly printed money — just transfers

@APFactCheck This is just wrong lol

@TeronTheDragon @ESYudkowsky Eh You can educate people and have it not confer that much status

Facebook is wild

Molon Labe governor Whitmer https://www.michigandaily.com/section/news-briefs/judge-blocks-gov-whitmer%E2%80%99s-ban-flavored-e-cigarettes

@owenrumney 100% because Baader-Meinhoff The Fb audiovisual data conspiracies are ridiculous

@GuilloMena @computergorl @maisany @PramilaJayapal @ewarren I mean it doesn’t matter if you personally met someone like this. Income tax depresses real wages, so lowers the incentives for labor. If gas was more expensive, you’d sell more of it. If labor was more expensive, you’d sell more of it

@no_harm_ a Culture Mind crash lands on another planet

@computergorl @GuilloMena @maisany @PramilaJayapal @ewarren or work more hours if you believe that humans are *sort of* rational utility maximizers, then they'll be working less due to income taxes. That's not to say we should get rid of income taxes. Just something you have to keep in mind. there's no "perfect tax"

@MikeIsaac many of these 35k are probably site integrity engineers i.e. people who build solutions that scale past themselves

@MikeIsaac the moderator labor likely doesn't cost very much

@GuilloMena @computergorl @maisany @PramilaJayapal @ewarren It’s not just a distinction between working and not working — the question is, are you going to work the marginal extra hour or try a little bit harder to get the promotion? Do you believe people will work harder to get a better paying job?

@jdcmedlock $1000 a month is the difference between leaving an abusive spouse and staying

@mattyglesias @BioInfoBrett lol u actually just gonna believe the Aaron sorkin movie huh