In his new book, Joseph Stiglitz outlines a sweeping plan to correct economic inequality http://www.theatlantic.com/business/archive/2015/11/stiglitz-heres-how-to-fix-inequality/413761/ … #choices
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@fmbutt@paulg@timoreilly the risk-adjusted return on founding is already negative, yet they keep doing it. Maybe it's not about money…
@StartupLJackson @fmbutt @timoreilly It's about hope of money, which is very much based on examples of predecessors.
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@paulg@fmbutt@timoreilly id honestly love to see perf data on YC cos based on how they answered the why q in the app. -
@StartupLJackson@fmbutt You mean why did they pick this idea? How would you classify the answers? - Show replies
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@paulg@fmbutt@timoreilly all I know is they keep raising our taxes in CA and, besides Arrington, we're all still here. -
@StartupLJackson@paulg@fmbutt@timoreilly Tax elasticity
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@paulg@startupljackson you're arguing founders are primarily motivated by the hope of money? eesh, when'd you get so cynical? -
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@paulg@StartupLJackson@fmbutt@timoreilly millions play the lottery despite the negative expected return. Hope is a strong draw -
@EAWharton@paulg@StartupLJackson@fmbutt And we should be ashamed that that’s how we raise gov revenue, rather than w a fairer tax system - Show replies
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