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paulg's profile
Paul Graham
Paul Graham
Paul Graham
Verified account
@paulg

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Paul GrahamVerified account

@paulg

paulgraham.com
Joined August 2010

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    1. Paul Graham‏Verified account @paulg 18 Feb 2019

      Try this thought experiment: If new technology suddenly made it cheap to fix climate change, would Ocasio-Cortez stop wanting to raise taxes? I would guess not. I think the desire to raise taxes precedes the choice of how to spend the money.

      442 replies 275 retweets 2,119 likes
      Show this thread
    2. Saikat Chakrabarti‏ @saikatc 18 Feb 2019
      Replying to @paulg

      Paul, I grew up reading your essays and have a lot of respect for you. But with all due respect, I think you are conflating two separate issues.

      11 replies 12 retweets 308 likes
    3. Saikat Chakrabarti‏ @saikatc 18 Feb 2019
      Replying to @saikatc @paulg

      1) GND is tackling a huge national project. Of course technological improvements will be necessary to make the transition cheaper, but changing our entire economy won't happen through some single silver bullet. Private industry alone literally cannot do this.

      4 replies 5 retweets 65 likes
    4. Saikat Chakrabarti‏ @saikatc 18 Feb 2019
      Replying to @saikatc @paulg

      Financing probably WON'T be largely tax revenue. Any time we've done national projects at this scale in the past, it hasn't been. See, e.g., New Deal, WW2 financing, Moonshot. Revenue for GND is not the purpose of higher marginal tax rates.

      14 replies 3 retweets 57 likes
    5. Saikat Chakrabarti‏ @saikatc 18 Feb 2019
      Replying to @saikatc @paulg

      2) Inequality and wealth gap is itself a problem. Even if we manage to create a country that solved big problems like climate change, continuously reinvented itself, and generated wealth like we did post WW2-era, wealth capture is itself an issue. See: Piketty/@AnandWrites

      4 replies 16 retweets 100 likes
    6. Paul Graham‏Verified account @paulg 18 Feb 2019
      Replying to @saikatc

      In my opinion, poverty is more of a problem. And since it's hard to aim at one thing and hit another, even if it seems to be adjacent, I worry that if your goal is to attack inequality, you'll miss poverty.

      5 replies 0 retweets 8 likes
    7. Saikat Chakrabarti‏ @saikatc 18 Feb 2019
      Replying to @paulg

      That's why I believe neither solution is adequate on its own. GND is the project to tackle poverty. Higher taxes is the way to tackle inequality. I believe we can do both. The screenshotted section in an earlier draft actually said 'eliminate poverty'.pic.twitter.com/qD5bmLmdva

      3 replies 0 retweets 13 likes
    8. Paul Graham‏Verified account @paulg 18 Feb 2019
      Replying to @saikatc

      I don't see a reference to poverty in that screenshot. Did you mean to post another?

      1 reply 0 retweets 0 likes
    9. Saikat Chakrabarti‏ @saikatc 18 Feb 2019
      Replying to @paulg

      I mentioned in my tweet that an earlier draft had said 'eliminate poverty.' We just reframed it in the positive (create prosperity).

      2 replies 0 retweets 8 likes
      Paul Graham‏Verified account @paulg 18 Feb 2019
      Replying to @saikatc

      If I were you I'd make it your explicit goal to decrease poverty. You may think you've just phrased the same idea in a different way, but it's so common when optimizing complex systems to be aimed at slightly the wrong target, and completely miss the one you wanted to hit.

      10:48 AM - 18 Feb 2019
      • 9 Likes
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      4 replies 0 retweets 9 likes
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        2. Paul Graham‏Verified account @paulg 18 Feb 2019
          Replying to @paulg @saikatc

          Similarly, it's dangerous to mix together the goals of eliminating poverty and eliminating economic inequality. They may be separate goals to you, but to your followers and people who work for you, they combine to yield the pie fallacy, and policies based on that are doomed.

          3 replies 0 retweets 5 likes
        3. Saikat Chakrabarti‏ @saikatc 18 Feb 2019
          Replying to @paulg

          The idea of GND is that our economics of austerity are based on pie fallacy and a big national mobilization is the way to grow the pie dramatically. It's a rejection of our country being a managed like a family budget. Also, though separate, poverty and inequality are linked.

          2 replies 0 retweets 14 likes
        4. Show replies
        1. Shahryar‏ @Shahryar 18 Feb 2019
          Replying to @paulg @saikatc

          What? Why? Prosperity for everyone is such a better mission than only eliminating poverty. Otherwise anyone who’s not poor but selfish wont care. The goal is to get everyone on board

          0 replies 0 retweets 0 likes
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        1. little firecracker pseu‏ @pseupseudio 18 Feb 2019
          Replying to @paulg @saikatc

          I think so too. "Create prosperity" plays right into that graph Libertarians like where we see that since the industrial revolution, a billion people who used to earn $1 per day now get $3.50 because of capitalism's trickle-down benevolence.

          0 replies 0 retweets 0 likes
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        1. ClutchYadi‏ @Clarkmeister1 18 Feb 2019
          Replying to @paulg @saikatc

          This point is fair, though I the OP comes off probabaly as more of an attack than you intended. Easy to argue that we have plenty of prosperity, broadly speaking. But the poverty in the US is still a huge problem and reducing it should be explicitly called out as an objective

          0 replies 0 retweets 0 likes
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