Skip to content
By using Twitter’s services you agree to our Cookies Use. We and our partners operate globally and use cookies, including for analytics, personalisation, and ads.

This is the legacy version of twitter.com. We will be shutting it down on June 1, 2020. Please switch to a supported browser, or disable the extension which masks your browser. You can see a list of supported browsers in our Help Center.

  • Home Home Home, current page.
  • About

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @
  • Language: English
    • Bahasa Indonesia
    • Bahasa Melayu
    • Català
    • Čeština
    • Dansk
    • Deutsch
    • English UK
    • Español
    • Filipino
    • Français
    • Hrvatski
    • Italiano
    • Magyar
    • Nederlands
    • Norsk
    • Polski
    • Português
    • Română
    • Slovenčina
    • Suomi
    • Svenska
    • Tiếng Việt
    • Türkçe
    • Ελληνικά
    • Български език
    • Русский
    • Српски
    • Українська мова
    • עִבְרִית
    • العربية
    • فارسی
    • मराठी
    • हिन्दी
    • বাংলা
    • ગુજરાતી
    • தமிழ்
    • ಕನ್ನಡ
    • ภาษาไทย
    • 한국어
    • 日本語
    • 简体中文
    • 繁體中文
  • Have an account? Log in
    Have an account?
    · Forgot password?

    New to Twitter?
    Sign up
patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

Tweets

Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

Tweets

  • © 2020 Twitter
  • About
  • Help Center
  • Terms
  • Privacy policy
  • Imprint
  • Cookies
  • Ads info
Dismiss
Previous
Next

Go to a person's profile

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @

Promote this Tweet

Block

  • Tweet with a location

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

    Your lists

    Create a new list


    Under 100 characters, optional

    Privacy

    Copy link to Tweet

    Embed this Tweet

    Embed this Video

    Add this Tweet to your website by copying the code below. Learn more

    Add this video to your website by copying the code below. Learn more

    Hmm, there was a problem reaching the server.

    By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.

    Preview

    Why you're seeing this ad

    Log in to Twitter

    · Forgot password?
    Don't have an account? Sign up »

    Sign up for Twitter

    Not on Twitter? Sign up, tune into the things you care about, and get updates as they happen.

    Sign up
    Have an account? Log in »

    Two-way (sending and receiving) short codes:

    Country Code For customers of
    United States 40404 (any)
    Canada 21212 (any)
    United Kingdom 86444 Vodafone, Orange, 3, O2
    Brazil 40404 Nextel, TIM
    Haiti 40404 Digicel, Voila
    Ireland 51210 Vodafone, O2
    India 53000 Bharti Airtel, Videocon, Reliance
    Indonesia 89887 AXIS, 3, Telkomsel, Indosat, XL Axiata
    Italy 4880804 Wind
    3424486444 Vodafone
    » See SMS short codes for other countries

    Confirmation

     

    Welcome home!

    This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.

    Tweets not working for you?

    Hover over the profile pic and click the Following button to unfollow any account.

    Say a lot with a little

    When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.

    Spread the word

    The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.

    Join the conversation

    Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.

    Learn the latest

    Get instant insight into what people are talking about now.

    Get more of what you love

    Follow more accounts to get instant updates about topics you care about.

    Find what's happening

    See the latest conversations about any topic instantly.

    Never miss a Moment

    Catch up instantly on the best stories happening as they unfold.

    1. Neoliberal  🌐‏ @ne0liberal Apr 13
      • Report Tweet
      • Report NetzDG Violation

      Neoliberal  🌐 Retweeted John Arnold

      We have something longer coming out on this, but the USPS losses aren’t losses in a literal sense. They’re the result of missed pre-payments into the USPS’s retirement fund that Congress has forced them to do. It’s an insane situation, and without it the USPS would make a profit.https://twitter.com/JohnArnoldFndtn/status/1249339395590815744 …

      Neoliberal  🌐 added,

      John ArnoldVerified account @JohnArnoldFndtn
      The USPS has lost at least $2.7 bln every year since 2007. The problem isn't corona; the problem is demand for mail has changed radically in 15 years while USPS hasn't. Any cash infusion must be conditioned on structural reforms that Congress has been punting on for 10+ years.
      Show this thread
      8 replies 29 retweets 268 likes
    2. Zack Kanter‏Verified account @zackkanter Apr 13
      • Report Tweet
      • Report NetzDG Violation
      Replying to @ne0liberal @tobymuresianu

      Zack Kanter Retweeted Patrick McKenzie

      This is a persistent myth that was most recently/elegantly laid bare by @patio11.https://twitter.com/patio11/status/1249565971347464193?s=20 …

      Zack Kanter added,

      Patrick McKenzie @patio11
      If you have heard the words "75 years" and "Post Office" recently you may enjoy a brief digression about how to account for pension liabilities:
      Show this thread
      1 reply 0 retweets 4 likes
    3. Neoliberal  🌐‏ @ne0liberal Apr 13
      • Report Tweet
      • Report NetzDG Violation
      Replying to @zackkanter @tobymuresianu @patio11

      Are there references to back that thread up? There have been well-researched reports on the issue and Congressional action as well. https://inequality.org/wp-content/uploads/2020/02/Manufactured-Postal-Crisis-February-2020.pdf …

      1 reply 0 retweets 1 like
      Patrick McKenzie‏ @patio11 Apr 13
      • Report Tweet
      • Report NetzDG Violation
      Replying to @ne0liberal @zackkanter @tobymuresianu

      In the sense of "A bet is a tax on bullshit", I'm happy to offer you a wager with settlement to charity on the question of whether the Post Office is profitable for any reasonable definition of profitable. Fair warning: The Postmaster General would not be on your side of this.

      8:59 PM - 13 Apr 2020
      • 6 Likes
      • Maxwell Parrish Dan Cohen 🔰🏗️ Ramon Dario Iglesias 🌐 Jon Shea Josh Herritz Zack Kanter
      2 replies 0 retweets 6 likes
        1. New conversation
        2. Noah Cowan‏ @noahcowan2 Apr 13
          • Report Tweet
          • Report NetzDG Violation
          Replying to @patio11 @ne0liberal and

          I read the thread and can both get what you are trying to say about how the pension is accounted for differently than “they just paid for 75 years of pensions every year” and how without this onerous pension structure USPS would not lose money. These aren’t mutually exclusive.

          1 reply 0 retweets 0 likes
        3. Zack Kanter‏Verified account @zackkanter Apr 13
          • Report Tweet
          • Report NetzDG Violation
          Replying to @noahcowan2 @patio11 and

          The problem isn’t the pension funding - the problem is the pension liability. Any business’s financial condition appears to improve if you ignore costs; that doesn’t change the underlying financials.

          2 replies 0 retweets 3 likes
        4. 2 more replies
        1. Philip Schinis‏ @phil_schinis Apr 13
          • Report Tweet
          • Report NetzDG Violation
          Replying to @patio11 @ne0liberal and

          Yes but it's not profitable because it's forced to operate at a loss in areas that no private corporation would at the same price point. This is basically an intentional subsidy of rural America. It's unironically "a feature not a bug".

          0 replies 0 retweets 2 likes
          Thanks. Twitter will use this to make your timeline better. Undo
          Undo

      Loading seems to be taking a while.

      Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

        Promoted Tweet

        false

        • © 2020 Twitter
        • About
        • Help Center
        • Terms
        • Privacy policy
        • Imprint
        • Cookies
        • Ads info