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cmuratori's profile
Casey Muratori
Casey Muratori
Casey Muratori
@cmuratori

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Casey Muratori

@cmuratori

I'm worried that the baby thinks people can't change.

Seattle
caseymuratori.com
Joined March 2009

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    1. Casey Muratori‏ @cmuratori Oct 26

      If anyone seriously tries to propose taxing unrealized capital gains, I would love to ask the question, are you therefore going to provide tax deductions for unrealized capital losses? If one makes sense, the other must, too.

      21 replies 5 retweets 165 likes
    2. Nick Williams‏ @WickyNilliams Oct 26
      Replying to @cmuratori

      I don't pretend to know the solution, but do you agree something is amiss? If this was a game and someone was exploiting loopholes to gain an advantage over the rest of the playerbase, you'd look to close the holes, right? Life has effectively become pay to win

      2 replies 0 retweets 6 likes
    3. Nick Williams‏ @WickyNilliams Oct 26
      Replying to @WickyNilliams @cmuratori

      Capital gains tax should be readjusted, but I don't think that would massively help, since as you say most of it is unrealised. I would love to read up on workable solutions to this quandary

      1 reply 0 retweets 2 likes
    4. Casey Muratori‏ @cmuratori Oct 26
      Replying to @WickyNilliams

      The problem is that this is not the quandary. People don't understand that measuring "wealth" is pointless and is only done out of greed on one side or the other. What you want to measure is productive vs. unproductive allocation of resources.

      1 reply 0 retweets 16 likes
    5. Casey Muratori‏ @cmuratori Oct 26
      Replying to @cmuratori @WickyNilliams

      An exponential sales tax would be my first suggestion if someone demanded I come up with one on the spot, but really, if one wanted a solid recommendation from me I would want to write a lot of code first to analyze probable results from various ideas.

      4 replies 0 retweets 9 likes
    6. Nick Williams‏ @WickyNilliams Oct 26
      Replying to @cmuratori

      Curious where you think the greed comes into play from those wanting tax reform? Do you not agree that there is something unfair about the mega rich having a lower effective tax rate than the working class? Or having access to avoidance schemes that the lower classes do not?

      1 reply 0 retweets 1 like
      Casey Muratori‏ @cmuratori Oct 26
      Replying to @WickyNilliams

      Because money is about allocating resources. The reason you give money to people who start successful companies is because that is at least some predictor of whether they know how to allocate resources.

      3:42 AM - 26 Oct 2021
      • 9 Likes
      • Radoslaw Jurga Nicholas Dwork Feldspar Elliott The Fine Being Tortured opdroid1234 Joshua Benz Marco
      1 reply 0 retweets 9 likes
        1. New conversation
        2. Casey Muratori‏ @cmuratori Oct 26
          Replying to @cmuratori @WickyNilliams

          So what you want is a tax system that makes those people want to take that excess money and allocate it somewhere useful. If they do that, then the system worked as intended. If they don't, then it doesn't.

          1 reply 0 retweets 11 likes
        3. Casey Muratori‏ @cmuratori Oct 26
          Replying to @cmuratori @WickyNilliams

          So the reason I can tell people are motivated primarily by greed right now is because they're talking about things like unrealized gains. Like how much stock someone has. That's a perfect example of just being greedy, because _they are not using those resources themselves_.

          2 replies 0 retweets 8 likes
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