Giving capital to promising people “too early” in their career is a great idea with much further to go, and the power law provides an interesting way to finance it.
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Replying to @sama
Isn’t this what the Netherlands, Denmark, etc already do with free or even paid higher education combined with a progressive income tax? Sure, it’s 4-8 years of study instead of 1 year do anything, but plenty of folks take that freedom to start something.
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Replying to @thijsniks @sama
The main difference is that private investors care about what students learn and only invest in education that pays back or useful for society. Free gov education has no incentive to provide useful education. Reading poetry for 4 years may be OK for Gov money...
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Replying to @achalaugustine @sama
Isn’t that better though? VCs are only able to invest in economically viable development whereas governments can invest in culturally viable development?
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Replying to @thijsniks @sama
No. Gov shouldn’t be spending 50K of tax payers money for someone to read about art history that’s available for free on Wikipedia. If society values a skill then it will be reflected in income before and after the education.
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Replying to @achalaugustine @sama
I disagree that you can or should define the full value of culture and societal benefits in money ¯\_(ツ)_/¯
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Replying to @thijsniks @sama
Sure. You can pay for it. Don’t make others pay for it.
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Replying to @achalaugustine @sama
A government only funding the things you like and benefit from is a pretty limited take on how we organize a society though
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Replying to @thijsniks @sama
Spending real money for abstract value in return is not a good idea. Obviously people who want to pursue such ventures should promote those by donating. It’s about asking people to pay taxes to fund abstract value when the same money can end poverty or build something useful.
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That comes back to our disagreement about whether you can capture everything of value in dollars
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