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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 24

    Noah Smith Retweeted Benjamin Shapero

    This was an exceptionally good tweet...https://twitter.com/realBenShapero/status/1055154223619305472 …

    Noah Smith added,

    Benjamin Shapero @realBenShapero
    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).
    10:51 AM - 24 Oct 2018
    • 5 Retweets
    • 57 Likes
    • Austin Carsh Alessandro S. Alan Elrod Andrew Channing Ryan Beck Michael Lockwood ǝǝɯıɐ Samuel Hammond 🏙 Benjamin Shapero
    9 replies 5 retweets 57 likes
      1. Noah Smith‏Verified account @Noahpinion Oct 24

        That said, I do like Booker's Medicare X plan a lot. Better than "Medicare for All".

        5 replies 1 retweet 16 likes
        Show this thread
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      1. New conversation
      2. elizabeth‏ @elizpingree Oct 24
        Replying to @Noahpinion

        How is Bernie getting it wrong?

        1 reply 0 retweets 0 likes
      3. Noah Smith‏Verified account @Noahpinion Oct 24
        Replying to @elizpingree

        He's not, because he's not trying to be a wonk!

        0 replies 0 retweets 2 likes
      4. End of conversation
      1. New conversation
      2. Preston Mui‏ @PrestonMui Oct 24
        Replying to @Noahpinion

        owning with logic

        1 reply 0 retweets 1 like
      3. Benjamin Shapero‏ @realBenShapero Oct 24
        Replying to @PrestonMui @Noahpinion

        That's my name thief's slogan. I actually do it.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Benjamin Shapero‏ @realBenShapero Oct 24
        Replying to @Noahpinion

        I'm honored!

        0 replies 0 retweets 2 likes
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      1. New conversation
      2. elizabeth‏ @elizpingree Oct 24
        Replying to @Noahpinion

        What’s the wonk test?

        1 reply 0 retweets 0 likes
      3. Ben Jackson‏ @username_5123 Oct 24
        Replying to @elizpingree @Noahpinion

        Probably the same test that said Obamacare exchanges would be better policy than the fiscally irresponsible Medicaid expansions. It ended up that Medicaid was much more politically popular however

        1 reply 0 retweets 1 like
      4. elizabeth‏ @elizpingree Oct 24
        Replying to @username_5123 @Noahpinion

        Why do you think that is?

        1 reply 0 retweets 0 likes
      5.  🗳️ 🇺🇲 Gw 👻i L 🌐, MD  🇺🇲 🗳️‏ @GwailoMD Oct 24
        Replying to @elizpingree @username_5123 @Noahpinion

        Voters aren't wonks and they don't listen to experts.

        1 reply 0 retweets 1 like
      6. elizabeth‏ @elizpingree Oct 24
        Replying to @GwailoMD @username_5123 @Noahpinion

        Why is Medicare considered less of a policy than the exchanges?

        1 reply 0 retweets 0 likes
      7. Benjamin Shapero‏ @realBenShapero Oct 24
        Replying to @elizpingree @GwailoMD and

        Keep in mind Medicare and Medicaid are different.

        0 replies 0 retweets 1 like
      8. End of conversation
      1. New conversation
      2. Sheattland‏ @SEAsheltie Oct 24
        Replying to @Noahpinion

        What? @realBenShapero is wrong that this creates an effective marginal tax rate over 100%. More like 10%. Extra 6k income reduces benefit only $500.pic.twitter.com/VKJnmZM8ra

        1 reply 0 retweets 1 like
      3. Benjamin Shapero‏ @realBenShapero Oct 24
        Replying to @SEAsheltie @Noahpinion

        I said it could, not that it would. It's still too complicated and doesn't do anything to lower costs.

        2 replies 0 retweets 0 likes
      4. Sheattland‏ @SEAsheltie Oct 24
        Replying to @realBenShapero @Noahpinion

        Fine. But I agree that more hyper means-tested crap like this will just add to a confusing morass of programs for working class people.

        1 reply 0 retweets 1 like
      5. Sheattland‏ @SEAsheltie Oct 24
        Replying to @SEAsheltie @realBenShapero @Noahpinion

        And I think one way this does create messed up cliffs of bad incentives is marriage. I already know people who avoid marriage to ensure eligibility for govt benefits. This would supercharge that for poor parents.

        1 reply 0 retweets 0 likes
      6. Benjamin Shapero‏ @realBenShapero Oct 24
        Replying to @SEAsheltie @Noahpinion

        Relatedly, that's why my preferred income tax would be calculated by an integral. No brackets, still progressive.

        1 reply 0 retweets 0 likes
      7. Sheattland‏ @SEAsheltie Oct 24
        Replying to @realBenShapero @Noahpinion

        Because so many people misunderstand brackets by not realizing they only refer to marginal income in the next bracket, so they incorrectly belief that they create income cliffs? That was a common misconception when I taught undergrad microeconomics.

        1 reply 0 retweets 1 like
      8. Benjamin Shapero‏ @realBenShapero Oct 24
        Replying to @SEAsheltie @Noahpinion

        I know it's different, but eliminating brackets is still worth it because they suck and annoy everyone trying to do a calculation.

        1 reply 0 retweets 0 likes
      9. Sheattland‏ @SEAsheltie Oct 24
        Replying to @realBenShapero @Noahpinion

        I thought the benefit was making calculation easy with discrete values. "Make 100k? That's in the 25% bracket of 80-165k, so your tax burden is 12k on your first 80k plus 25% of the remainder, so another 5k, which makes 17k altogether".

        1 reply 0 retweets 0 likes
      10. 2 more replies

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