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a_yawning_cat's profile
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@a_yawning_cat

stray thoughts, loosely held. rat jaeger.

California, USA
aycat.substack.com
Joined December 2018

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    1.  🐈‏ @a_yawning_cat May 29

       🐈 Retweeted  🐈

      "trickle down" economics may actually be a misinterpretation of the actual effect if an economic system is "leaking" and trickling down, it is actually a broken system. like a hydraulic system, the purpose is to maintain pressurehttps://twitter.com/a_yawning_cat/status/1396119153723904003 …

       🐈 added,

       🐈 @a_yawning_cat
      my model of modern monetary theory: money exists in a closed loop, like a hydraulics system or the coolant in a refrigerator the only reason the total amount should grow is if the system is getting bigger, thus needing more coolant
      Show this thread
      1 reply 0 retweets 3 likes
      Show this thread
    2.  🐈‏ @a_yawning_cat May 29

       🐈 Retweeted  🐈

      money has no intrinsic value, it's the movement that allows information and promises to chain and create real world "alchemical" transformation. i can turn my typing-at-a-computer into a pizza made from ingredients all over the world.https://twitter.com/a_yawning_cat/status/1393217133492924419 …

       🐈 added,

       🐈 @a_yawning_cat
      money is a promise chain that allows alchemical transformation of services it transmits force and allows something like typing at a computer to magically turn into pizza (w ingredients sourced globally)
      Show this thread
      1 reply 0 retweets 1 like
      Show this thread
    3.  🐈‏ @a_yawning_cat May 29

       🐈 Retweeted  🐈

      a "company" in a country/state basically is an entity that creates its own (semi) closed loop system "trickle-down" wealth isn't actually excess resources being drained from the system but being PART of the systemhttps://twitter.com/a_yawning_cat/status/1396119167439306755?s=20 …

       🐈 added,

       🐈 @a_yawning_cat
      take ur job. the ingress is how the company makes money. you use that money buying avocados and toast at local markets. some big exit streams are taxes. maybe you buy a vanguard index fund. not that difficult to model. u r but a caricature from the system's view
      Show this thread
      1 reply 0 retweets 2 likes
      Show this thread
    4.  🐈‏ @a_yawning_cat May 29

      e.g. if u were working at a large company like apple, the company would be the blue whale and u'd be a barnacle or some sort of symbiotic teeth cleaning fish you don't "eat" the whale to become bigger. you play a niche role within a larger ecological system

      1 reply 0 retweets 2 likes
      Show this thread
    5.  🐈‏ @a_yawning_cat May 29

      the whale on the other hand does EAT from the larger ecosystem and becomes bigger. its wealth "grows" and can support more barnacles and stuff the bigger it gets the more employees it can support but there is no "trickle" down b/c its emphasis is on its own growth.

      1 reply 0 retweets 2 likes
      Show this thread
    6.  🐈‏ @a_yawning_cat May 29

       🐈 Retweeted  🐈

      once the symbiotic relationship turns parasitic, the additional elements are ejected because they no longer serve the ecosystemhttps://twitter.com/a_yawning_cat/status/1384562982844129285 …

       🐈 added,

       🐈 @a_yawning_cat
      similar thought, once employees start drawing from the capital instead of excess of dividends, they become parasitic from the pov of the capital https://twitter.com/a_yawning_cat/status/1354508913039745025?s=20 …
      Show this thread
      1 reply 0 retweets 1 like
      Show this thread
    7.  🐈‏ @a_yawning_cat May 29

      so the way that big wealth creates wealth for the little guy isn't that so much abundance is created that it bursts from the ground like a geyser providing free excess for everyone but that as it grows it forcibly integrate everyone into the ecosystem for better or for worse

      2 replies 0 retweets 1 like
      Show this thread
    8.  🐈‏ @a_yawning_cat May 29

      e.g. there are many "independent" companies that would likely go bankrupt if they didn't have apple as a customer as soon as apple moves on, the company dies. they NEED apple to stay alive even though with every transaction apple grows even bigger deepening the dependency

      1 reply 0 retweets 1 like
      Show this thread
    9.  🐈‏ @a_yawning_cat May 29

      this is imperfect but historically is much better than a centralized state where every "company" is just another arm of the central state these sprawling tree hierarchies often DO create trickle down flows

      1 reply 0 retweets 1 like
      Show this thread
    10.  🐈‏ @a_yawning_cat May 29

      the end result of this trickle down of money is that people try to EAT money. but no matter how much money you print money cannot be eaten. someone has to DO the stuff. without an incentive for closing the loop no one does anything and the system dies

      1 reply 0 retweets 1 like
      Show this thread
       🐈‏ @a_yawning_cat May 29

      when money is produced out of the thin air, it's like constantly adding water to the juice until it's so diluted that it's just water centralized states can only maintain real juice % by conquering and juicing the outside world once the conquering stops, dilution starts

      8:16 AM - 29 May 2021
      • 2 Likes
      • ian hines arunbaliga
      1 reply 0 retweets 2 likes
        1. New conversation
        2.  🐈‏ @a_yawning_cat May 29

          so interestingly enough, when corporations are taxed, employee salary and benefits actually decrease since it forces more "leanness" governments seem to be "bribed" by companies for lower taxes but actually they r trying to help people keep their jobs/lifestyle

          1 reply 0 retweets 2 likes
          Show this thread
        3.  🐈‏ @a_yawning_cat May 29

          the government has to balance between allowing the companies to do what they want with the money (which includes keeping employees on payroll) vs taxing the companies and doing government things like "infrastructure"

          1 reply 0 retweets 1 like
          Show this thread
        4.  🐈‏ @a_yawning_cat May 29

          in countries like the u.s. there is actually a cultural aversion to these centralized projects as "inefficient" and a "waste of money" (especially on the conservative side) this is in contrast to a country like china where centralization is associated with efficiency

          1 reply 0 retweets 1 like
          Show this thread
        5.  🐈‏ @a_yawning_cat May 29

          so from the individual's perspective there's really nothing that can be done. government taxation into infra projects will build roads and schools but it won't help the actual individual NOW. maybe free internet for all? doesn't seem the bottleneck...

          1 reply 0 retweets 1 like
          Show this thread
        6.  🐈‏ @a_yawning_cat May 29

          the only thing they CAN do is to stay at their current job and start living below their means to amass some excess capital and then hopefully deploy it in a way that can change their life. like doge. there's also youtube/skillshare/etc.. learning but that's global competition

          1 reply 0 retweets 1 like
          Show this thread
        7.  🐈‏ @a_yawning_cat May 29

          once this is realized then the conservative monetary policies can start to be understood the increased taxes reveal themselves not as a way of bettering self but start to feel petty and spiteful as a way of equalizing everyone

          1 reply 0 retweets 1 like
          Show this thread
        8.  🐈‏ @a_yawning_cat May 29

          this anger is not without merit. prior to the days of globalized knowledge companies had to train the local population to be useful the rich who made their wealth during those times would likely fail just as hard now given global knowledge worker competition

          1 reply 0 retweets 1 like
          Show this thread
        9.  🐈‏ @a_yawning_cat May 29

          so from a cat's perspective, this argument around taxes and inequality is just a civil war. it doesn't solve the actual problem of developed country workers being uncompetitive with developing country workers who are *much* more motivated

          1 reply 0 retweets 1 like
          Show this thread
        10.  🐈‏ @a_yawning_cat May 29

          historically immigration provided a buffer for this effect. the smartest best doers wanted a safe place without corruption to live and have a family and the U.S. was THE place to be however now many countries have caught up and america seems to have a mass shooting every week

          1 reply 0 retweets 2 likes
          Show this thread
        11.  🐈‏ @a_yawning_cat May 29

          this is in sharp contrast to asian countries like japan/china/taiwan/singapore/etc... where you can walk around in the middle of the night and feel pretty safe

          1 reply 0 retweets 2 likes
          Show this thread
        12.  🐈‏ @a_yawning_cat May 29

          y would anyone go to the U.S. if they feel like they might be beat up for not knowing what's politically correct, or left to drown in medical bills, or be shot by police, or be taxed to support the neets, or have global taxation as a benefit of citizenship to look to?

          1 reply 0 retweets 2 likes
          Show this thread
        13.  🐈‏ @a_yawning_cat May 29

          this is what "infrastructure" actually means... it means to spend money and energy in a way so that people actually want to LIVE here and be a part of things. and no one wants to live in a land of constant crusades by the morally lazy

          0 replies 0 retweets 1 like
          Show this thread
        14. End of conversation

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