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MarkHoofnagle's profile
Mark Hoofnagle
Mark Hoofnagle
Mark Hoofnagle
@MarkHoofnagle

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Mark Hoofnagle

@MarkHoofnagle

Trauma/Critical Care/Acute Care Surgeon. MD/PhD. FACS. UVa/UMD/UPenn. Asst Professor of Surgery at Wash U. Blocking is curating.

St Louis, MO
surgery.wustl.edu/people/mark-ho…
Joined March 2012

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    Mark Hoofnagle‏ @MarkHoofnagle Feb 26

    Mark Hoofnagle Retweeted David Brooks

    I must admit Bret Stephens has been so uniformly bad it’s distracted me from how stupid David Brooks takes are. To break into 1% you’re > 500k a year, and the average is 1.7 million. That’s not even close to the averages for these professions. Maybe 1% of us...https://twitter.com/nytdavidbrooks/status/1365275922803417093 …

    Mark Hoofnagle added,

    David BrooksVerified account @nytdavidbrooks
    The top 1 percent is not who you think it is. It’s doctors, dentists, lawyers. Guilds that stifle competition from outsiders. https://www.nytimes.com/2021/02/25/opinion/inequality-medicine-law.html …
    12:00 PM - 26 Feb 2021
    • 19 Retweets
    • 110 Likes
    • G. Stuart Mendenhall, MD Harry Thomas MDdevi86 Ellen Ament Mike Andrei Kucharavy Lydia Christina (she/her) Ken Wallace Tara Haelle
    10 replies 19 retweets 110 likes
      1. New conversation
      2. Mark Hoofnagle‏ @MarkHoofnagle Feb 26

        Lawyers make an average of about 140k a year. Dentists 175k. Doctors, yes higher at 300k (don’t forget we spend 10-20 years accumulating debt and training with huge opportunity costs). But he’s off by a factor of 2-5x. Why not talk about the actual 1%?

        3 replies 1 retweet 57 likes
        Show this thread
      3. Mark Hoofnagle‏ @MarkHoofnagle Feb 26

        Finally “guilds that stifle competition”? Against whom exactly are we competing? Quacks? You want competition between dentists and what exactly? A random guy with a hammer? I am sure it is not his objection that our training and testing are expensive and exclude the poors...

        5 replies 0 retweets 67 likes
        Show this thread
      4. End of conversation
      1. Pascale Lane MD‏ @PHLane Feb 26
        Replying to @MarkHoofnagle @palmd

        Even when my husband was alive and we had two doctor salaries, we were only in the top 5-10%.

        0 replies 0 retweets 12 likes
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      1.  🌎 BAIL OUT THE PLANET  🌎‏ @JacquesSigmund Feb 26
        Replying to @MarkHoofnagle @toxicpath

        David Brooks promoted the invasion of Iraq so yeah

        0 replies 0 retweets 2 likes
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      1. New conversation
      2. Monchichi Demo‏ @APeckOfPickles Feb 26
        Replying to @MarkHoofnagle

        Not that David Brooks isn’t a font of bad takes but the column gives a number: 14.5% of lawyers are in the top 1% of income earners. Is there data that disputes this?

        1 reply 0 retweets 1 like
      3. Mark Hoofnagle‏ @MarkHoofnagle Feb 26
        Replying to @APeckOfPickles

        Oh I believe it. People in the 1% may oftrn have professional degrees. But it is not the general outcome of those professions is what I’m saying. It’s not the “guild” it’s the 1% of us who specialize in ultra-lucrative things. The overwhelming majority of us are not 1%.

        3 replies 0 retweets 8 likes
      4. Show replies
      1. New conversation
      2. Publius Clodius Thrasea Paetus‏ @PubliusCTPaetus Feb 26
        Replying to @MarkHoofnagle

        Also, the "top 1%" is a nonsense category, because within the top 1%, the top fraction still drives the bus. While the top 10% and top 1% have pulled away from the rest, the top 0.1% have pulled away from even the top 1%.

        1 reply 0 retweets 7 likes
      3. Publius Clodius Thrasea Paetus‏ @PubliusCTPaetus Feb 26
        Replying to @PubliusCTPaetus @MarkHoofnagle

        If the system was only so broken that a mere 1 in 100 of us were doing outlandishly well, IT WOULD BE A SUBSTANTIAL IMPROVEMENT. The truth is that the real beneficiaries of the current system are more in the nature of 1 in 10,000 or even 1 in 100,000.

        1 reply 0 retweets 8 likes
      4. Show replies
      1. New conversation
      2. Joel Sax‏ @joelsax47 Feb 26
        Replying to @MarkHoofnagle

        Where did he get this statistic?

        1 reply 0 retweets 1 like
      3. Mark Hoofnagle‏ @MarkHoofnagle Feb 26
        Replying to @joelsax47

        He’s using the fact that small minorityies of docsand lawyers are 1% *earners* to suggest we resemble in some way the born rich, capital gains earning billionaires that are the 1% wealthiest.

        1 reply 1 retweet 7 likes
      4. Show replies

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