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Noahpinion's profile
Noah Smith
Noah Smith
Noah Smith
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@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 24

    Noah Smith Retweeted Ezra Klein

    Sounds good to me, BUT, this will tend to push up costs for college and housing, so some of this will be captured by existing homeowners and universities.https://twitter.com/ezraklein/status/1054351272432799744 …

    Noah Smith added,

    Ezra KleinVerified account @ezraklein
    Cory Booker wants to close the wealth gap by giving lower-income kids up to $50,000 to use towards wealth-building purchases like a down payment on a home or college tuition: https://www.vox.com/policy-and-politics/2018/10/22/17999558/cory-booker-baby-bonds …
    10:44 AM - 24 Oct 2018
    • 6 Retweets
    • 131 Likes
    • ⫷Cody Reisdorf⫸ Merkwürdigliebe &⅋ ⨳ Nick Faria Daniel Pearson Hooptedoodle Bhavin kirk fernandes Analynn Bustamante Regulator 1WMCSC
    27 replies 6 retweets 131 likes
      1. New conversation
      2.  🦃 Thanksleving  🦃‏ @trevlevtweets Oct 24
        Replying to @Noahpinion

        This is true of literally anything that gives people money.

        2 replies 0 retweets 4 likes
      3. Noah Smith‏Verified account @Noahpinion Oct 24
        Replying to @trevlevtweets

        But maybe less so.

        1 reply 0 retweets 0 likes
      4.  🦃 Thanksleving  🦃‏ @trevlevtweets Oct 24
        Replying to @Noahpinion

        Giving money consumers of any non-inferior good will be "captured" by the producers of that good!

        1 reply 0 retweets 4 likes
      5. 1 more reply
      1. New conversation
      2. Benjamin Shapero‏ @realBenShapero Oct 24
        Replying to @Noahpinion

        It's also complicated and presents negative marginal utility. So far, Harris and Booker are failing the wonk test, Warren is acing it, and Sanders isn't taking it (probably the right thing politically).

        2 replies 3 retweets 55 likes
      3. Alessandro S.‏ @polisisti Oct 24
        Replying to @realBenShapero @Noahpinion

        What do you mean when you say it "presents" negative marginal utility?

        2 replies 0 retweets 1 like
      4. Benjamin Shapero‏ @realBenShapero Oct 24
        Replying to @polisisti

        Negative marginal utility means that people could end up losing money if their income increases, if the benefit is greater than the raise. This prevents people from selling greater income, perpetuating the payments and ending up more expensive.

        1 reply 1 retweet 2 likes
      5. Alessandro S.‏ @polisisti Oct 24
        Replying to @realBenShapero

        Oh OK, it means people would have a marginal effective tax rate of over 100%. Thanks for explaining what you meant!

        1 reply 0 retweets 3 likes
      6. Benjamin Shapero‏ @realBenShapero Oct 24
        Replying to @polisisti

        No problem. The trap neoliberal Democrats fall into is that they try to minimize the upfront cost by "means testing" when it ends up being more expensive in the long run.

        1 reply 0 retweets 4 likes
      7. Naor Deleanu  🌐‏ @42applesenergy Oct 24
        Replying to @realBenShapero @polisisti

        Means testing is not neoliberal. Warren's policies are more neoliberal and have been praised by @Noahpinion @ne0liberal, and @hamandcheese

        3 replies 0 retweets 4 likes
      8. Samuel Hammond  🏙‏ @hamandcheese Oct 24
        Replying to @42applesenergy @realBenShapero and

        Means testing is "neoliberal" is the Clinton / Blair / Third Way sense of the world. Hopefully the new gen of neoliberals have learned the errors of their predecessors.

        1 reply 0 retweets 9 likes
      9. Neoliberal  🦃‏ @ne0liberal Oct 24
        Replying to @hamandcheese @42applesenergy and

        Virgin means tester vs. Chad UBI

        1 reply 0 retweets 6 likes
      10. 1 more reply
      1. Geolibertarian 🔰 🌐 🌄George‏ @GeolibGeorge Oct 24
        Replying to @Noahpinion

        Well, if the GEORGISTS were putting this in place, we wouldn‘t have this problem, now would we? That extra rent would be captured and given right back to them.

        0 replies 0 retweets 4 likes
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      1. New conversation
      2. The Mall Krampus‏ @cakotz Oct 24
        Replying to @Noahpinion

        That first one can be fixed* by doing Full Georgism *possibly mitigated to some degree

        2 replies 0 retweets 2 likes
      3. The Mall Krampus‏ @cakotz Oct 24
        Replying to @cakotz @Noahpinion

        And by first one, I mean "homeowners" capture, because I ken Red gud

        1 reply 0 retweets 1 like
      4. 1 more reply
      1. Otis Manousakos‏ @OtisManousakos Oct 25
        Replying to @Noahpinion @elizpingree

        One policy that could work but is never discussed is repurposing city-owned land for hugely (bigly, depending on who we are talking to) discounted residential housing and mandatory MOOC learning from top institutions. The 50k should be means tested (depending on where you live)

        0 replies 0 retweets 1 like
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      1. charlie williams‏ @pontific8 Oct 24
        Replying to @Noahpinion

        Cut the mortgage deduction & its probably a wash

        0 replies 0 retweets 1 like
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      1. Luk-SkyWalker‏ @Sons_of_Anakin Oct 24
        Replying to @Noahpinion @elizpingree

        When the government starts funding something it usually goes up in price. Then more money will be required by the government to cover down payments. What happens when they cannot afford the mortgage? Should the government pay that too? When does the cycle end?

        0 replies 0 retweets 1 like
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      1. (((webhat)))‏ @webhat Oct 24
        Replying to @Noahpinion

        Would that result in adjuncts getting paid better?

        0 replies 0 retweets 1 like
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