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Noahpinion's profile
Noah Smith
Noah Smith
Noah Smith
Verified account
@Noahpinion

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Noah SmithVerified account

@Noahpinion

Bloomberg Opinion writer. Elected "top neoliberal shill" of 2018. Occasionally posts anime gifs.

San Francisco, CA
bloomberg.com/view/contribut…
Joined April 2011

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    Noah Smith‏Verified account @Noahpinion Oct 10

    Noah Smith Retweeted Medium

    Interesting perspective...https://twitter.com/Medium/status/1050213650034806784 …

    Noah Smith added,

    MediumVerified account @Medium
    Silicon Valley's interest in Universal Basic Income isn't fueled by economic equality. It's fueled by the desire to keep money flowing to the top, writes @rushkoff. The real way to challenge the wealth gap? Universal Basic Assets. http://read.medium.com/d44PNrr 
    8:44 PM - 10 Oct 2018
    • 9 Retweets
    • 43 Likes
    • Scott McFatridge Juanito Chin-Chin James Salsman 📎 Logan Bowers Derrell Durrett (((Curt Larock))) Mike Fleet Kalle Laukkanen ThePoliticalChef
    13 replies 9 retweets 43 likes
      1. New conversation
      2. victor zambrano‏ @argonaut Oct 10
        Replying to @Noahpinion

        Silicon Valley wants to tackle UBI for three (simpler) reasons: It’s a math problem, it’s a massive solution they think out of anyone else’s capacity and it’s an ‘easy’ good deed that shows they don’t only think about social networks, stealing data and selling ads.

        2 replies 0 retweets 1 like
      3. victor zambrano‏ @argonaut Oct 10
        Replying to @argonaut @Noahpinion

        Also, there are like 5 different ‘twin’ Silicon Valleys, so people tend to confuse them, or worse, think of them as the same one. This article seems to be about one of them.

        1 reply 0 retweets 0 likes
      4. victor zambrano‏ @argonaut Oct 10
        Replying to @argonaut @Noahpinion

        Also, I really like reading your tweets. They make me think. So thanks for that.

        1 reply 0 retweets 1 like
      5. Noah Smith‏Verified account @Noahpinion Oct 10
        Replying to @argonaut

        Thanks!

        0 replies 0 retweets 0 likes
      6. End of conversation
      1. New conversation
      2. Roy Bahat‏Verified account @roybahat Oct 10
        Replying to @Noahpinion

        Is there a difference?

        2 replies 0 retweets 2 likes
      3. Noah Smith‏Verified account @Noahpinion Oct 10
        Replying to @roybahat

        It's like winning the lottery, you can take a lump sum or the monthly payments.

        2 replies 0 retweets 1 like
      4. Roy Bahat‏Verified account @roybahat Oct 10
        Replying to @Noahpinion

        Right. As in... no real difference. Or people can convert one to the other. Though I do think the framing and psychology of it must matter in that nudgey sort of way. Also one reason I like guaranteed income is that it may spur more entrepreneurship, so @rushkoff take that?

        1 reply 0 retweets 3 likes
      5. 𝕂𝕙𝕒𝕝𝕚𝕝 ℍ 𝔹lack Frida𝕪‏ @kabulykos Oct 11
        Replying to @roybahat @Noahpinion @rushkoff

        A tax regime that would make UBI viable might also make new wealth accumulation (modulo the occasional surprise unicorn) much more difficult

        1 reply 0 retweets 0 likes
      6. Roy Bahat‏Verified account @roybahat Oct 11
        Replying to @kabulykos @Noahpinion @rushkoff

        How?

        1 reply 0 retweets 0 likes
      7. 𝕂𝕙𝕒𝕝𝕚𝕝 ℍ 𝔹lack Frida𝕪‏ @kabulykos Oct 11
        Replying to @roybahat @Noahpinion @rushkoff

        US gov't is quite competent at (progressively) taxing income, but has no such competence in wealth taxation. So I'd expect a gov't UBI regime to lean on taxation of income, not wealth A natural bias emerges towards endeavors that create wealth but not income (e.g. startups)

        1 reply 0 retweets 1 like
      8. 𝕂𝕙𝕒𝕝𝕚𝕝 ℍ 𝔹lack Frida𝕪‏ @kabulykos Oct 11
        Replying to @kabulykos @roybahat and

        I'm personally ambivalent about this outcome. But I've found it funny for years that a certain 2012 presidential candidate never seemed to connect that increasing entrepreneurship would likely come from softening downside (rather than juicing upside) risks

        0 replies 0 retweets 1 like
      9. End of conversation
      1. New conversation
      2. Rational Bot‏ @Rationalbot Oct 10
        Replying to @Noahpinion

        So, let's have "basically UBI, but riskier." Yeah, sounds economically literate all around.

        1 reply 0 retweets 3 likes
      3. Rational Bot‏ @Rationalbot Oct 10
        Replying to @Rationalbot @Noahpinion

        Also, Russia's "voucher privatization" in 1992-1994 should really put the fear of God into advocates of redistributing alienable assets...

        0 replies 0 retweets 4 likes
      4. End of conversation
      1. Obligation Value‏ @CapitalNotLand Oct 10
        Replying to @Noahpinion

        Or just make land the universal basic asset, which is the point of LVT.

        0 replies 0 retweets 5 likes
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      1. New conversation
      2. Perley‏ @perleypaapcrabb Oct 10
        Replying to @Noahpinion

        So all these studies are wrong?pic.twitter.com/RLDuX0XhgB

        1 reply 0 retweets 1 like
      3. Perley‏ @perleypaapcrabb Oct 10
        Replying to @perleypaapcrabb @Noahpinion

        I mean, yes, assets are the root of income and therefore more valuable, but he seems to contradict himself. Does he believe people will take on more entrepreneurial risk, or just be content to live off the teat, under UBI?

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Chris Tolles‏ @tolles Oct 10
        Replying to @Noahpinion

        What industries pay for people to talk to pundits? Seems kinda entitled. His idea isn’t terrible, but it’s coated in anti tech splooge, so hard to take in without throwing up a little

        0 replies 0 retweets 2 likes
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      1.  📎 Ethan Soutar-Rau‏ @mundoplano Oct 10
        Replying to @Noahpinion

        Perhaps it just appears easier to eliminate misery than outcompete businesses built on it like Walmart and Dollar General.

        0 replies 1 retweet 0 likes
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      1. James Medlock‏ @jdcmedlock Oct 10
        Replying to @Noahpinion

        This is why a UBI has to be tied to ownership of capital via a social wealth fund.

        0 replies 0 retweets 1 like
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      1. Family Man‏ @Snail_on_Fuji Oct 10
        Replying to @Noahpinion

        Not fully aligned with reality...yes we kniw what Piketty wrote. But those most affected by UBI need the cash flow to support their life (cost of healthcare, education, daycare cost etc). They will be forced to sell the asset sooner rather than later..

        0 replies 0 retweets 1 like
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