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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 18

    Noah Smith Retweeted Mike Rosenberg

    When I talk about "transaction costs" as a factor keeping poor people in poverty, this is exactly what I mean.https://twitter.com/ByRosenberg/status/1052589586268839937 …

    Noah Smith added,

    Mike RosenbergVerified account @ByRosenberg
    How the system keeps people in poverty 1. Seattle woman's 1991 Camry she lives in gets stolen 2. Car found the next day & towed 3. Towing company keeps car since she can't pay $427 fee 4. $75/day storage fee makes her bill $21k a year later https://www.seattletimes.com/seattle-news/a-21364-bill-how-a-homeless-woman-fought-her-way-out-of-tow-company-hell/?utm_content=buffer037fd&utm_medium=social&utm_source=twitter&utm_campaign=owned_buffer_tw_m …
    Show this thread
    9:15 AM - 18 Oct 2018
    • 116 Retweets
    • 296 Likes
    • Karthikeya Ramesh Denis Zalevskiy Steeve ⚡️ Decentralization is the New Antitrust Ishemae Daisy SU Fam Homelessness Pete Walton Phil Randal
    15 replies 116 retweets 296 likes
      1. New conversation
      2. Ida rules.‏ @Whoda_Ida Oct 18
        Replying to @Noahpinion

        I'm sure you've heard of Nickle and Dimed https://en.m.wikipedia.org/wiki/Nickel_and_Dimed …

        1 reply 1 retweet 2 likes
      3. Noah Smith‏Verified account @Noahpinion Oct 18
        Replying to @Whoda_Ida

        Great book.

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Sharlene King‏ @GhostfactKillah Oct 18
        Replying to @Noahpinion

        Propublica did a great investigation into this exact phenomenon and the targeted ticketing in Chicago.https://features.propublica.org/driven-into-debt/chicago-ticket-debt-bankruptcy/ …

        0 replies 3 retweets 11 likes
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      1. New conversation
      2. Smug Republican‏ @SmugRepublican Oct 18
        Replying to @Noahpinion

        Returning stolen property to the owner at no cost should be a local government / law enforcement expense. That is a tax expense even Smug Republicans can get behind.

        1 reply 0 retweets 3 likes
      3. jm66210‏ @jm66210 Oct 18
        Replying to @SmugRepublican @Noahpinion

        My property was stolen & local police went out of their way to recover & return it to me. Didn't cost me a dime.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Tracy Camp‏ @TracyCamp10 Oct 18
        Replying to @Noahpinion

        I was also having trouble thinking about this in term of transaction costs. To me it seems like Mathew effect stemming from governments monopoly power and power of coercion.

        0 replies 1 retweet 1 like
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      1. Samuel Brealey‏ @SamuelBrealey Oct 18
        Replying to @Noahpinion @faris

        Yes, a thousand times. Same in the UK, the number one reason for homelessness which has spiked more than 100% in ten years? Section 21 no fault evictions, which costs you well over a thousand pounds if you do find a new place. Apparently that's "fine"

        0 replies 0 retweets 4 likes
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      1. Logan Bowers‏ @loganb Oct 18
        Replying to @Noahpinion

        My understanding is that SeattlePD has a policy where it cannot tow indigent and homeless folks’ cars for, e.g. unpaid parking tickets due to the hardship. It creates blowback in the city because rich folks get angry that poor people have “extra rights.” 🤦🏼‍♂️

        0 replies 0 retweets 2 likes
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      1. Tom quillman‏ @AboynamedSue_81 Oct 18
        Replying to @Noahpinion

        Poverty is a form of violence. And truly, without experiencing this devastating chcle first-hand, it is very difficult to contemplate how hard it is to break that cycle.

        0 replies 0 retweets 2 likes
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      1. New conversation
      2. JFC Bach‏ @scordaturalura Oct 18
        Replying to @Noahpinion

        Focussing on these predatory practices, rather than regulation or aid to the poor, avoids the left/right trap that keeps these predators in business. GOP would have people walking gauntlet for food stamps. Criminalizing predators puts them on the back foot.

        1 reply 0 retweets 2 likes
      3. 1 more reply
      1. Michael Robertson‏ @mp3michael Oct 18
        Replying to @Noahpinion

        Monopolies always treat customers badly and there is no bigger monopoly than the government.

        0 replies 0 retweets 1 like
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      1. New conversation
      2. Rogue D.A.R.E. Officer‏ @carsonraft Oct 18
        Replying to @Noahpinion

        What's your dream policy for lowering transaction costs?

        1 reply 0 retweets 1 like
      3. 1 more reply
      1. Maybe: Parker‏ @pt Oct 18
        Replying to @Noahpinion

        There was an excellent Forum episode on this recently, specifically about ongoing policy work, impacts, & resources in the Bay Area & CA.

        0 replies 0 retweets 0 likes
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      1. Andrew Tollemache‏ @AndrewTollemach Oct 18
        Replying to @Noahpinion

        Paradoxically tow yards are one of the few places where people where people with aggressive facial tats and a malevolent approach to customer service can find work

        0 replies 0 retweets 0 likes
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      1. Christopher Wilson‏ @chrisw_ottawa Oct 18
        Replying to @Noahpinion

        The rules must be followed at all costs - even at the cost of good judgement and basic human decency

        0 replies 0 retweets 0 likes
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      1. Toby Charleston‏ @TobyCharleston Oct 18
        Replying to @Noahpinion

        pic.twitter.com/927g41gaqL

        0 replies 0 retweets 0 likes
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      1. Stephan‏ @Sevens_2 Oct 18
        Replying to @Noahpinion @CathyReisenwitz

        Sure these are transactions costs? It looks more like a reverse Matthew's effect.

        0 replies 0 retweets 0 likes
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