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By the way, businesses in competitive industries are highly incentivized to allocate resources toward these ends. If you’re good at what you do, money is never the bottleneck — talent is. You absolutely want a highly skilled, geographically unrestrained labor force
You can disagree with my perspective, but I'm a shameless capitalist shill because I genuinely believe that compounding economic growth makes life better for the large-but-dwindling group of people who are currently suffering inescapably
currently suffering inescapably?
You are correct. Wealth creators should get to keep their company and not have to sell of parts of it to pay some crazy socialist wealth tax. Private innovators will always create more jobs than capital wasting corrupt politicians. Taxing Wealth = Taxing Jobs.
Maybe a question worth asking is: Are we ok with wealth being exponential forever and ever? Or would one rather it follow more of a logistic curve? And if so, where does one draw the ceiling?
i don't often think about the reasons i'm *not* unless i'm reading your tweets, but one reason is that growth-at-all-costs seems to radiate a lot of lies as externalities, and that seems very dangerous (but it can't just be capitalism vs big state; they both use lies to compete)
Here, I’ll make it more succinct for you: trickledown economics. And how has that played out over the last 20 years?pic.twitter.com/AuUryBnKSh
Given the 2002 and 2008 recessions, that's not that bad.
How does life get better if you don't own the equity that is compounding? As long as wealth grows faster than everyone else's wages, a diminishing amount of people produce the seed corn to create their own wealth.
i used to believe this, but given that capitalism has effectively produced this trend maybe a little restraint is in order: https://westhunt.wordpress.com/2019/01/29/space-and-time/ …
At 1 point per generation you can say goodbye to 5% growth. How about focusing on policies that encourage families especially amongst the college educated first? Also if you think unfriendly AGI is around the corner, more economic growth doesn't help.
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