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MorlockP's profile
ⓘ Dogs don't have thumbs
ⓘ Dogs don't have thumbs
ⓘ Dogs don't have thumbs
@MorlockP

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ⓘ Dogs don't have thumbs

@MorlockP

Two-time Prometheus award-winning hard science fiction author. https://www.amazon.com/dp/B005JPPMS6  Learn how to homestead https://www.amazon.com/dp/B093BC3K1T 

Aristillus Crater, Luna
amazon.com/dp/B005JPPMS6
Joined June 2012

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    1. Robin Hanson‏Verified account @robinhanson 4 Apr 2021
      Replying to @MorlockP

      I don't see a good economic argument for having lower property taxes on land used for farming or forestry, relative to other uses.

      1 reply 0 retweets 2 likes
    2. ⓘ Dogs don't have thumbs‏ @MorlockP 4 Apr 2021
      Replying to @robinhanson

      externalities, is my understanding of the argument most people would prefer to live next to a forest than to development, so converting a forest into a development has negative externalities, so the tax code effectively subsidizes forests

      1 reply 0 retweets 3 likes
    3. Robin Hanson‏Verified account @robinhanson 4 Apr 2021
      Replying to @MorlockP

      Unless you match the size of the subsidy to a plausible estimate of the magnitude of the externality, you'll do worse than doing nothing. You can't just waive the label "externality" around to justify anything you want.

      1 reply 0 retweets 4 likes
    4. ⓘ Dogs don't have thumbs‏ @MorlockP 4 Apr 2021
      Replying to @robinhanson

      That math is wrong. If the subsidy is greater than zero and less than 2x the externality, it's better than nothing.

      2 replies 0 retweets 2 likes
    5. This Tweet is unavailable.
    6. ⓘ Dogs don't have thumbs‏ @MorlockP 4 Apr 2021
      Replying to @ITBeHa @robinhanson

      If the externality has magnitude x, then the absolute value of everything between x - x and x + x has a smaller deviation from ideal than doing nothing has.

      1 reply 0 retweets 0 likes
    7. This Tweet is unavailable.
    8. ⓘ Dogs don't have thumbs‏ @MorlockP 5 Apr 2021
      Replying to @ITBeHa

      1/ "why should I be willing to" ok, that has nothing to do with what I said here's what Hanson said: "Unless you match the size of the subsidy to a plausible estimate of the magnitude of the externality, you'll do worse than doing nothing." Note specifically "WORSE THAN"

      1 reply 0 retweets 0 likes
    9. ⓘ Dogs don't have thumbs‏ @MorlockP 5 Apr 2021
      Replying to @MorlockP @ITBeHa

      2/ let us imagine a simple case: property A cuts down trees, which do $10 of damage to property B. "the externalitiy". The total loss here is $10. My claim is that if the state steps in and pays A to not cut down trees, that helps B. >>>

      1 reply 0 retweets 0 likes
    10. ⓘ Dogs don't have thumbs‏ @MorlockP 5 Apr 2021
      Replying to @MorlockP @ITBeHa

      3/ Hanson says "only if the payment is EXACTLY $10, otherwise the situation is EVEN WORSE than with no payment". I am criticizing the word EXACTLY. Do you agree with me that a $9 or an $11 payment does increase net utility ? If so, you are already on board w me disagreeing w

      1 reply 0 retweets 0 likes
      ⓘ Dogs don't have thumbs‏ @MorlockP 5 Apr 2021
      Replying to @MorlockP @ITBeHa

      4/ Hanson. So now we need to scope it. Why is $11 pretty close? What's terrible? If the original sin was a $10 externality (so a cost to an innocent party of $10), then we know that a proposed solution is only worse than the initial case if the mispricing is > $10 off

      10:05 AM - 5 Apr 2021
      1 reply 0 retweets 0 likes
        1. New conversation
        2. ⓘ Dogs don't have thumbs‏ @MorlockP 5 Apr 2021
          Replying to @MorlockP @ITBeHa

          5/ a $11 payment is sub optimal, but the mispricing is only $1 - far better than the uncompensated negative externality. a $12 payment is sub optimal, but the misprising is only $2 - still better than a $10 uncompensated negative externality. a $19.99 payment >>>

          1 reply 0 retweets 0 likes
        3. ⓘ Dogs don't have thumbs‏ @MorlockP 5 Apr 2021
          Replying to @MorlockP @ITBeHa

          6/ is pretty bad - almost as bad in magnitude as the original mispricing. $0 and $20 are exactly equally bad - just in different direction

          0 replies 0 retweets 0 likes
        4. End of conversation

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