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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

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Venkatesh Rao

@vgr

Conversational account. For work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian. IKEA builder.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    Venkatesh Rao‏ @vgr 5 Feb 2018
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    For fun: consider Universal Basic Wealth (UBW) Give everybody $1M at 22. Call them Basic Millionaires. 3.9m Americans were born in 1996. The bill this year would be 3 trillion, or about 21% of US GDP, comparable to federal budget. Speculations? In what world would this work?

    9:10 PM - 5 Feb 2018
    • 4 Retweets
    • 35 Likes
    • zach latta Timothy #masks4all Roy Stuart Candy nicole Bottomless Burgers 🙏🏽 Pragmatic Profit Will Bickford Jubilee or Death (to the republic)
    20 replies 4 retweets 35 likes
      1. New conversation
      2. nicole‏ @nwilliams030 5 Feb 2018
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        Replying to @vgr

        @rencer_speed I feel like this is ur time to shine

        2 replies 0 retweets 1 like
      3. Víctor Marín‏ @Erthelillo 5 Feb 2018
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        Replying to @nwilliams030 @vgr @rencer_speed

        It's possible it would be more efficient to shut down government services and instead redistribute the money and let the private sector handle services. But who knows. Maybe 50/50?

        2 replies 0 retweets 1 like
      4. Show replies
      1. New conversation
      2. Joscha Bach‏ @Plinz 5 Feb 2018
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        Replying to @_CBN_ @vgr

        Did you seriously consider what incentives this sets for lifestyle and having children for all the different segments of society and its development over the next few generations?

        1 reply 0 retweets 1 like
      3. Venkatesh Rao‏ @vgr 5 Feb 2018
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        Replying to @Plinz @_CBN_

        Interesting question there. There might be a virtuous selection effect to counter gambling. Anyone who wants to place a bet on a million dollar payday by buying a baby lottery ticket today is likely too foresighty to be a deadbeat

        1 reply 0 retweets 0 likes
      4. Show replies
      1. New conversation
      2. Fú lā jī mǐ'ěr‏ @vladw0rld 5 Feb 2018
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        Replying to @vgr

        Depending on who’s included or excluded, either being an immigrant kid would be really horrible, or the incentives for immigrating to the US would become 100x more irresistible than they are now

        1 reply 0 retweets 3 likes
      3. Jason‏ @jasonroy_miller 5 Feb 2018
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        Replying to @vladw0rld @vgr

        There would be weird arbitrage opportunities between this system and any “normal” country. Dual citizenship would be worth a lot

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Alan Martin‏ @epithetos 5 Feb 2018
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        Replying to @vgr

        In Europe, we call that a state pension.

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Artem Litvinovich‏ @theartlav 6 Feb 2018
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        Replying to @vgr

        Do you want hyperinflation? Because that's one way to get hyperinflation.

        2 replies 0 retweets 2 likes
      3. James Tiberius Stone‏ @Evolving_Ego 6 Feb 2018
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        Replying to @theartlav @vgr

        It's only 22% of GDP. And you can remove excess currency through taxes.

        0 replies 0 retweets 0 likes
      4. End of conversation

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