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generativist's profile
💥 (wannabe) Ƀreaker of (the Bad) Loops 💫
💥 (wannabe) Ƀreaker of (the Bad) Loops 💫
 💥 (wannabe) Ƀreaker of (the Bad) Loops  💫
@generativist

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 💥 (wannabe) Ƀreaker of (the Bad) Loops  💫

@generativist

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Palo Alto, CA
jbn.abreka.com
Joined May 2013

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     💥 (wannabe) Ƀreaker of (the Bad) Loops  💫‏ @generativist 4 Oct 2019
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    1/ Hot Takes: If you're rich and can't successfully deploy your capital in a way that exceeds a 2% wealth tax plus inflation hurdle each year, maybe both your extraordinary talents for capital allocation are overstated.pic.twitter.com/A0vNicbos0

    A picture of Elizabeth Warren in front of a flag.
    4:20 PM - 4 Oct 2019
    • 5 Retweets
    • 21 Likes
    • Orko Marco Rivadeneyra Eli Sennesh Bozo_Texino::This machine kills fascists.🌊 Sarah N. Gatson Sina Patrick Perini R.A. Porter Manic Pixie Dream Professor
    3 replies 5 retweets 21 likes
      1. New conversation
      2.  💥 (wannabe) Ƀreaker of (the Bad) Loops  💫‏ @generativist 4 Oct 2019
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        2/ Like, if you're a wealthy boomer, you lived through a unique historical moment that rewarded wealth — in particular equity — with some pretty puzzling premiums. Your grit and talent may have played a roll, of course, but so did the rising tide.pic.twitter.com/Tmhq7BCMsk

        Chart of DJIA over time (it went up)
        1 reply 1 retweet 7 likes
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      3.  💥 (wannabe) Ƀreaker of (the Bad) Loops  💫‏ @generativist 4 Oct 2019
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        3/ And if you're rich from tech: great! But a lot of that was just perverse network effects that you managed to capture, probably at the detriment of a more open and healthy web.pic.twitter.com/WwvA6zp9aC

        1 reply 0 retweets 7 likes
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      4.  💥 (wannabe) Ƀreaker of (the Bad) Loops  💫‏ @generativist 4 Oct 2019
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        4/ And if you're rich from physical high-tech? That's cool, too! But you stand on the shoulders of generations of giants and others who probably work for you.pic.twitter.com/oW7o6Z6qfz

        Elon Musk smoking pot poorly.
        1 reply 0 retweets 4 likes
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      5.  💥 (wannabe) Ƀreaker of (the Bad) Loops  💫‏ @generativist 4 Oct 2019
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        5/ None of this is to say that there aren't extraordinary people who work extraordinarily hard and do extraordinary things. But do you really thing the product of such things justifies wealth 500 TIMES more than the median per-capita US household, which is where the tax kicks in?pic.twitter.com/DoKKZ47ajr

        25 x 20 table with one highlighted cell
        1 reply 0 retweets 5 likes
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      6.  💥 (wannabe) Ƀreaker of (the Bad) Loops  💫‏ @generativist 4 Oct 2019
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        6/ Now, I'm not an expert on economics. But, it seems to me like a lot of people defending wealth and the wealthy for Darwinian reasons sure neglect accounting for some necessary conditions. If wealth alone is sufficient for perpetuating itself, what are the selective pressures?pic.twitter.com/IOQdQSIeUM

        Caricature of a fat cat
        2 replies 0 retweets 6 likes
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      7.  💥 (wannabe) Ƀreaker of (the Bad) Loops  💫‏ @generativist 4 Oct 2019
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        6/ Again, this is a hot take. But it's no less informed than most of the red-faced punditry. And I get it! If I was in my early 20, I'd be screaming bloody murder about confiscatory something something. But I'm not. And I'm pretty sure the commanding heights have been pwned.pic.twitter.com/VElAPX8Q2j

        ';--have i been pwned?

(src: https://haveibeenpwned.com/)
        0 replies 0 retweets 4 likes
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      8. End of conversation
      1. Eli Sennesh‏ @EliSennesh 4 Oct 2019
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        Replying to @generativist

        Tbh I think they're mostly mad about it because the rate of profit has a secular tendency to fall, hehehehehehehe.

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      1. William Saar‏ @saarw 4 Oct 2019
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        Replying to @generativist

        Sweden used to have a wealth tax. Removing it was largely responsible for why tax revenue rose during the financial crisis of 2008 as capital and productive activity returned to the country.

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