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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 5 Mar 2019

      One of the biggest differences between now and the past is how rapidly ideas become money. Now ideas can become money as soon as you put them on a server and set up credit card processing. (And cryptocurrency may soon eliminate the second step.)

      40 replies 505 retweets 1,867 likes
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    2. E.J. Kalafarski‏ @ejkalafarski 5 Mar 2019
      Replying to @paulg

      Another one of the biggest differences between now and the past is the top marginal tax rate. 60 years ago it was 91% (under Eisenhower!)… today it's 39.6%. And that is definitely also a reason for inequality.

      3 replies 0 retweets 8 likes
    3. Paul Graham‏Verified account @paulg 5 Mar 2019
      Replying to @ejkalafarski

      Although tax rates were higher then, the amount of tax people actually paid was much lower than the tax rates imply, because the tax code was so porous. As a result, the percentage of GDP collected by the government was about the same as today.

      3 replies 2 retweets 52 likes
    4. This Tweet is unavailable.
      Paul Graham‏Verified account @paulg 5 Mar 2019
      Replying to @fabian_flatz @ejkalafarski

      Mostly, yes. http://paulgraham.com/re.html 

      7:16 AM - 5 Mar 2019
      • 2 Retweets
      • 24 Likes
      • Subba Reddy Hector Matsaganis Fabian Flatz 🦖 Ankur Agarwal Narayan Mallapur 🇮🇳 James Burns Asonele Gevenga pariusus203 BlueMount Networks
      2 replies 2 retweets 24 likes
        1. turbopants‏ @turbopants 5 Mar 2019
          Replying to @paulg @fabian_flatz @ejkalafarski

          Wow. Great article. The idea that the US military is our greatest socialist institution is profound, out in the open, and clearly misunderstood by a great number of people. Looking forward to the other essays.

          0 replies 0 retweets 1 like
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