Well, it depends what you mean by "execs". As an example, if the CEO's salary were reduced to zero, that would net each driver ~$1/year. If the CEO's entire equity in the company were liquidated, that would net each driver a one-time payment of $11. Is that what you mean?
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Replying to @cmuratori @bentruyman and
I'm certainly sympathetic to the argument that tech execs should be paid less because they simple aren't worth it, but that is very different from suggesting that somehow it would make a substantial difference in their workers' wages (it basically never would).
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Replying to @Jonathan_Blow @cmuratori and
Seeing you say that, I decided to stop a second and do the maths. With this page https://en.wikipedia.org/wiki/List_of_Americans_by_net_worth … and the estimate that there are 600 total american billionaires, I ballpark their combined net worth as being 3.5 trillion...
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Replying to @hamish_todd @Jonathan_Blow and
And Medicare for All, for example, would be ~$30T over the next 10 years. You’d need more billionaires.
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Replying to @bentruyman @hamish_todd and
I didn't do the math. But how the fuck a poor country like Brazil can do decent public and great, cheap private healthcare? And in the USA it's literally impossible? I mean, I get it, economy is not easy and trivial solutions don't work. But saying this wouldn't work is weird.
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Replying to @sohakes @bentruyman and
Because the actual problem is the healthcare sector is "overpaid", meaning it takes way more money to run it than it should. It has nothing to do with billionaires, but it's easier to claim that than to point out that the "medical industrial complex" is a disaster.
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Replying to @cmuratori @sohakes and
Personally, I think healthcare in the US could be fixed almost overnight by simply enacting some laws designed to foster competition in healthcare. Instead, nearly 100% of our healthcare laws are designed to prevent it (patents, licensing, liability, etc.)
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Replying to @cmuratori @sohakes and
Patents are the current method of creating a financial incentive to create new drugs. It is very plausible to me that they could be replaced with something else like government bounties, but that couldn't be done overnight.
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Replying to @hamish_todd @sohakes and
That is the theory, but the more I've looked at the "create new drugs" industry, the more it looks a lot like patents on the measure may actually cause less new drugs to be created than more.
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At some point I'd like to write up a detailed report on this because I hear it a lot and I feel like people have not put together the case properly.
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