Hey, sorry, just getting back to this The data is conflicted at the limit. To what extent does growth depend on the safety net? Vice versa?
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Replying to @slightlylate @papakipos
What metric to use for growth? Nominal GDP? PPP for the median worker? Distribution of the income/wealth curve?
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Replying to @slightlylate @papakipos
Things like UBI are conflicted in 2 senses: 1.) we don't understand impact (good news: tests happening!) 2.) wealth interest groups against
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Replying to @slightlylate @papakipos
UBI is often something wealthy Bay Area residents toss around as a "solution" while supporting lobbying against tax & building infra/homes
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Replying to @slightlylate @papakipos
OTOH, assuming industry won't use AI to displace (particularly in knowledge industries where they pay high wages today) is fantasy.
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Replying to @slightlylate @papakipos
*particularly* where trans-national effects allow regulatory arbitrage. Also, knowledge workers are the least unionized.
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Replying to @slightlylate @papakipos
This hasn't gone well for other transitions. I'm reminded of: https://fivebooks.com/interview/dani-rodrik-on-globalisation/ … And: https://www.amazon.com/Stability-Growth-Macroeconomics-Liberalization-Development/dp/0199288143 …
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Replying to @slightlylate @papakipos
Few of the policy recommendations in the last one were adopted here in the US. Now Trump is president.
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Replying to @slightlylate @papakipos
Something interesting is that the wealthy are split. Some are delusional enough to think the pitchfork events won't catch _them_ out...
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Replying to @slightlylate @papakipos
...but many others (most?) are thoughtful enough to understand that they (more than others) depend on societal stability.
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...and yet, we don't see voluntary movement toward better outcomes en masse. The wealthy only rarely donate/pay large %s of wealth.
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Replying to @slightlylate @papakipos
...and it's rare enough news: https://www.cnbc.com/2017/07/11/buffett-donates-3-point-17-bln-to-gates-charity-four-others.html … https://www.nytimes.com/2017/01/05/nyregion/james-bond-of-philanthropy-gives-away-the-last-of-his-fortune.html?mcubz=1 … Not much hope, either: https://www.nytimes.com/2017/05/12/opinion/sunday/how-to-get-the-wealthy-to-donate.html?mcubz=1&_r=0 …
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Replying to @slightlylate @papakipos
And even if the wealthy started paying more in tax than technically required (none of them do, it seems -- how civic-minded), look at firms
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