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eriktorenberg's profile
Erik Torenberg
Erik Torenberg
Erik Torenberg
Verified account
@eriktorenberg

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Erik TorenbergVerified account

@eriktorenberg

Co-founder @Villageglobal & @beondeck & @tokendaily. Positive Sum. Thinking aloud/allowed. Looking to start or join your next company? http://beondeck.com . @cosign

SF /  ✈️
villageglobal.vc/network-cataly…
Joined June 2013

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    Erik Torenberg‏Verified account @eriktorenberg 10h10 hours ago
    • Report Tweet

    Erik Torenberg Retweeted Erik Torenberg

    Someone DM’ed me & said defend billionaires in 2 tweets. Took 3. Curious for your critique or own version (obv generalized): Business ppl (mostly) grow the pie. Gov’t (mostly) splits it (grows some too) W/o business ppl growing pie, there’s less to splithttps://twitter.com/eriktorenberg/status/1224151530980270081?s=20 …

    Erik Torenberg added,

    Erik TorenbergVerified account @eriktorenberg
    A friend asked me to defend technology in two tweets. Curious for critiques, or your own version. Here's mine: Society survives or dies based on its ability to sustainably grow the pie. Without a growing pie, there’s a winner for every loser, and we engage in zero sum conflict.
    Show this thread
    6:47 PM - 2 Feb 2020
    • 6 Retweets
    • 75 Likes
    • Ulf Hethnahr Kedar Kulkarni Rouzbeh Rezazadeh Angel Gómez Gunjan Mehta Yog Mehta James Pascal Kienast Mark Rendiano 🇮🇳
    18 replies 6 retweets 75 likes
      1. New conversation
      2. Erik Torenberg‏Verified account @eriktorenberg 10h10 hours ago
        • Report Tweet

        When ppl get rich in a sustainable way, ppl should celebrate, b/c, among other reasons, some of that $ goes to gov’t, which means more education & healthcare Without growth, we couldn’t pay for these services. Each public job is in effect “sponsored” by a private job (via taxes)

        1 reply 0 retweets 28 likes
        Show this thread
      3. Erik Torenberg‏Verified account @eriktorenberg 10h10 hours ago
        • Report Tweet

        See recent critique of billionaires for not solving climate crisis. US Gov't has over 4 trillion dollars (collected via taxes vs created via growth). What's better use for public $ than solving climate change? The more ppl become rich, the more money gov't has to do so.pic.twitter.com/5WaTvbKefa

        2 replies 1 retweet 18 likes
        Show this thread
      4. Erik Torenberg‏Verified account @eriktorenberg 10h10 hours ago
        • Report Tweet

        One thing I'd add is I'm surprised when pro-government fans don't want people to become billionaires as long as they are creating sustainable value (e.g JK Rowling)... It means more money for the gov't!

        2 replies 0 retweets 14 likes
        Show this thread
      5. Erik Torenberg‏Verified account @eriktorenberg 10h10 hours ago
        • Report Tweet

        Erik Torenberg Retweeted Erik Torenberg

        Another addition: There are 2 distinct kinds of billionaire complaints: Those that think the $ would be better off distributed more widely among employees & public directly +those that think the gov't should be collecting the money & dispersing it itselfhttps://twitter.com/eriktorenberg/status/1204506799941881857?s=20 …

        Erik Torenberg added,

        Erik TorenbergVerified account @eriktorenberg
        IMO, a better way to redistribute $ is to broaden equity ownership to everyone (use Facebook? here's equity) rather than via gov't We underestimate the psychological effects of equity Align everyone on the way up (unity) instead of fighting for scraps on the way down (divide)
        Show this thread
        1 reply 0 retweets 7 likes
        Show this thread
      6. End of conversation
      1. New conversation
      2. Sean Linehan‏ @seanlinehan 9h9 hours ago
        • Report Tweet
        Replying to @eriktorenberg

        It’s so much more simple than the taxation story. When wealth is created via consensual trade, the trade *itself* is profitable for both sides. So in a fair market, massive wealth is in itself proof of massive value delivered to society. That’s as a 1st order effect!

        2 replies 1 retweet 18 likes
      3. Erik Torenberg‏Verified account @eriktorenberg 9h9 hours ago
        • Report Tweet
        Replying to @seanlinehan

        💯was trying to talk to pro-gov't anti-capitalists on their own terms

        1 reply 0 retweets 3 likes
      4. 2 more replies
      1. New conversation
      2. Mike Elias  💡 📈‏ @harmonylion1 10h10 hours ago
        • Report Tweet
        Replying to @eriktorenberg

        “Tax the billionaires” — agreed!

        1 reply 0 retweets 1 like
      3. Erik Torenberg‏Verified account @eriktorenberg 10h10 hours ago
        • Report Tweet
        Replying to @harmonylion1

        Erik Torenberg Retweeted Erik Torenberg

        I'd rather share the upside upfront than on the back end b/c of the waste, but similar idea:https://twitter.com/eriktorenberg/status/1204506799941881857?s=20 …

        Erik Torenberg added,

        Erik TorenbergVerified account @eriktorenberg
        IMO, a better way to redistribute $ is to broaden equity ownership to everyone (use Facebook? here's equity) rather than via gov't We underestimate the psychological effects of equity Align everyone on the way up (unity) instead of fighting for scraps on the way down (divide)
        Show this thread
        1 reply 0 retweets 1 like
      4. 1 more reply
      1. Matthew Pirkowski‏ @MattPirkowski 4h4 hours ago
        • Report Tweet
        Replying to @eriktorenberg

        This assumes relatively low rates of rent seeking. Alas, we do not live in that world.

        0 replies 0 retweets 2 likes
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      1. New conversation
      2. Chris Maddox‏ @comaddox 5h5 hours ago
        • Report Tweet
        Replying to @eriktorenberg

        You’re side-stepping. You’re not defending billionaires, you’re defending job creation. When people talk about billionaires, they’re talking about wealth inequality.

        1 reply 0 retweets 0 likes
      3. 16 more replies

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