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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 2 Jan 2016

    Economic Inequality: http://paulgraham.com/ineq.html 

    9:21 AM - 2 Jan 2016
    • 255 Retweets
    • 422 Likes
    • Madison Byrne RaduBT Mana Winkler Beverly Simmons Rohit Pandharkar Ruben Harris McKenzy Germain Bucking Dream Topias Uotila
    101 replies 255 retweets 422 likes
      1. New conversation
      2. Marc Benioff‏Verified account @Benioff 6 Jan 2016
        Replying to @paulg

        @paulg Only compassion & generosity can combat the rising tide of inequality. True wealth is happiness which comes from giving. @PledgeOne

        4 replies 3 retweets 35 likes
      3. Paul Graham‏Verified account @paulg 6 Jan 2016
        Replying to @Benioff

        @Benioff Compassion and generosity are important, but ending the "war on drugs" and the carried interest loophole would help too.

        2 replies 3 retweets 35 likes
      4. Marc Benioff‏Verified account @Benioff 6 Jan 2016
        Replying to @paulg

        @paulg Companies are the greatest platforms for giving @PledgeOne 1% of your companies time, equity, & products.Be the change that you seek.

        5 replies 6 retweets 16 likes
      5. Paul Graham‏Verified account @paulg 6 Jan 2016
        Replying to @Benioff

        @Benioff YC funds nonprofit startups too, and they are more than 1% of each batch.

        3 replies 5 retweets 25 likes
      6. Marc Benioff‏Verified account @Benioff 7 Jan 2016
        Replying to @paulg

        @paulg Commit to healing inequality by committing to generosity. Be part of the solution not part of the problem. Or Simply @PledgeOne.

        1 reply 1 retweet 9 likes
      7. 1 more reply
      1. New conversation
      2. Anshu Śharma‏ @anshublog 2 Jan 2016
        Replying to @paulg

        @paulg why do you use "polynomial curves" when you mean exponential? Or am I missing some subtlety? (Great post.)

        1 reply 0 retweets 5 likes
      3. Paul Graham‏Verified account @paulg 2 Jan 2016
        Replying to @anshublog

        @anshublog I'm claiming only that technology grows as f(x) = x^n, not f(x) = n^x.

        1 reply 2 retweets 9 likes
      4. Paul Graham‏Verified account @paulg 2 Jan 2016
        Replying to @paulg

        @anshublog Though come to think of it I can make the latter claim. Thanks for catching that.

        0 replies 0 retweets 6 likes
      5. End of conversation
      1. New conversation
      2. Tim Bray‏Verified account @timbray 2 Jan 2016
        Replying to @paulg

        @paulg Your footnote #5 is wrong; global inequality decrease is mostly due to ~10**9 people, mostly in China/India, joining middle class.

        3 replies 4 retweets 7 likes
      3. Paul Graham‏Verified account @paulg 2 Jan 2016
        Replying to @timbray

        @timbray And why didn't people in China join the middle class in 1970?

        2 replies 0 retweets 5 likes
      4. Mikhail Antonov‏ @m_a_antonov 2 Jan 2016
        Replying to @paulg

        @paulg @timbray I bet Mao Zedong wouldn't like if they did.

        1 reply 0 retweets 0 likes
      5. Paul Graham‏Verified account @paulg 2 Jan 2016
        Replying to @m_a_antonov

        @m_a_antonov @timbray I.e., footnote 5.

        0 replies 0 retweets 3 likes
      6. End of conversation
      1. New conversation
      2. Derek Chia  🦄‏ @DerekChia 2 Jan 2016
        Replying to @paulg

        @paulg What does "Baumol penumbra" mean? Can anyone explain to me in the context of the essay?

        1 reply 0 retweets 0 likes
      3. Paul Graham‏Verified account @paulg 4 Jan 2016
        Replying to @DerekChia

        @DerekChia https://en.wikipedia.org/wiki/Baumol%27s_cost_disease …

        0 replies 0 retweets 4 likes
      4. End of conversation
      1. New conversation
      2. Simon Brooke  🏴󠁧󠁢󠁳󠁣󠁴󠁿 🇪🇺‏ @simon_brooke 2 Jan 2016
        Replying to @paulg

        @paulg finally, very few of today's very wealthy are wealth creators; most are inheritors or rent seekers.

        2 replies 2 retweets 6 likes
      3. Colin Percival‏ @cperciva 2 Jan 2016
        Replying to @simon_brooke

        @simon_brooke @paulg The fraction of people on the Forbes "rich list" who inherited their wealth has dropped from 60% to 30% over 3 decades.

        2 replies 4 retweets 10 likes
      4. Simon Brooke  🏴󠁧󠁢󠁳󠁣󠁴󠁿 🇪🇺‏ @simon_brooke 2 Jan 2016
        Replying to @cperciva

        @cperciva @paulg Interesting. Evidence?

        1 reply 0 retweets 1 like
      5. Colin Percival‏ @cperciva 2 Jan 2016
        Replying to @simon_brooke

        @simon_brooke @paulg http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.269.6855&rep=rep1&type=pdf …

        1 reply 0 retweets 2 likes
      6. Simon Brooke  🏴󠁧󠁢󠁳󠁣󠁴󠁿 🇪🇺‏ @simon_brooke 2 Jan 2016
        Replying to @cperciva

        @cperciva @paulg thanks. My impression is that this pattern is not repeated in Europe, but I could be mistaken.

        2 replies 0 retweets 1 like
      7. Colin Percival‏ @cperciva 2 Jan 2016
        Replying to @simon_brooke

        @simon_brooke @paulg Wouldn't surprise me. Europe has far fewer rich startup founders.

        1 reply 1 retweet 2 likes
      8. Simon Brooke  🏴󠁧󠁢󠁳󠁣󠁴󠁿 🇪🇺‏ @simon_brooke 2 Jan 2016
        Replying to @cperciva

        @cperciva @paulg True. Scotland is very proud of its two - count them, two - unicorns. I think the company I work for could become a third.

        0 replies 0 retweets 3 likes
      9. End of conversation

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