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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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    Paul Graham‏Verified account @paulg 31 Aug 2015

    Larry & Sergey didn't get rich by a "transfer of wealth from the middle class and the poor."

    2:02 PM - 31 Aug 2015
    • 65 Retweets
    • 156 Likes
    • Natalia A. Ciccone F Mike Fishbein Costa Kazistov Abhiroop Bhatnagar はらしん Adam Morgan César Salgado Pradeep 🗽 Jornal Empreendedor
    29 replies 65 retweets 156 likes
      1. Jason Langenauer  🇪🇺‏ @ataraxite 31 Aug 2015
        Replying to @paulg

        @paulg That doesn’t mean that others haven’t got rich through exploitation and rent-seeking though.

        0 replies 0 retweets 3 likes
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      2. TwitBot‏ @vasilipoupkine1 31 Aug 2015
        Replying to @paulg

        @paulg agreed. But they did get rich showing ads for useless shit to the poor :)

        1 reply 1 retweet 8 likes
      3. Tweet unavailable
      4. TwitBot‏ @vasilipoupkine1 1 Sep 2015
        Replying to @okayultra

        @okayultra @paulg you mean let marketing subtly nudge them to believe say, sugar water is good for them ? I kid, I kid. I'm a capitalist

        1 reply 0 retweets 0 likes
      5. 3 more replies
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      2. Alex Clemmer  🔥 🔥 🔥 😅 🔥 🔥 🔥‏ @hausdorff_space 31 Aug 2015
        Replying to @paulg

        @paulg Yes they did. Poor and under-educated people are very, very disproportionately likely to click on Google ads.

        1 reply 0 retweets 3 likes
      3. Vishveshwar Jatain‏Verified account @eclecticV 31 Aug 2015
        Replying to @hausdorff_space

        @hausdorff_space But that's not "transfer of wealth", those who click on ads don't pay for clicking, advertisers do. @paulg

        1 reply 0 retweets 1 like
      4. Alex Clemmer  🔥 🔥 🔥 😅 🔥 🔥 🔥‏ @hausdorff_space 31 Aug 2015
        Replying to @eclecticV

        @eclecticV Try again. Poor visitors funneled to those sites do convert with disproportionate regularity. That is a transfer of wealth @paulg

        1 reply 0 retweets 0 likes
      5. Vishveshwar Jatain‏Verified account @eclecticV 31 Aug 2015
        Replying to @hausdorff_space

        @hausdorff_space But that money doesn't directly go to Google, but I see your point. @paulg

        0 replies 0 retweets 0 likes
      6. End of conversation
      1. Fremiet Lara‏ @FremietLara 31 Aug 2015
        Replying to @paulg

        @paulg thank you for stating it. People need a reminder http://paulgraham.com/wealth.html 

        0 replies 0 retweets 1 like
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      1. Vishveshwar Jatain‏Verified account @eclecticV 31 Aug 2015
        Replying to @paulg

        @paulg Sure, those small time advertisers got value in return, but was the ROI always 100% or more? Debatable.

        0 replies 0 retweets 1 like
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      1. Lars‏ @larsb01 31 Aug 2015
        Replying to @paulg

        @paulg Very obvious! #not

        0 replies 1 retweet 0 likes
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      1. Jake‏ @dr_jaked 31 Aug 2015
        Replying to @paulg

        @paulg What do you mean? Is the end goal supposed to be "getting rich"?

        0 replies 0 retweets 1 like
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      2. Aneil Mallavarapu‏ @aneilbaboo 1 Sep 2015
        Replying to @paulg

        @paulg Of course, I'm not suggesting direct stock ownership, but that's the argument for closing tax loopholes. Pay back public investors.

        1 reply 0 retweets 0 likes
      3. Aneil Mallavarapu‏ @aneilbaboo 1 Sep 2015
        Replying to @aneilbaboo

        @paulg Conversely, Larry & Sergey own the research that they pay for. We don't begrudge them that.

        0 replies 0 retweets 0 likes
      4. End of conversation

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