Mason  🏃‍♂️ ✂️

Indeed, and where were are born is clearly due to luck. That’s much more provable than anything else and it clearly affects our success!

Unless you're really proposing a birth tax, I think you're dodging my question. : )

I’m intentionally pursuing a strategy of exposure to luck with limited downside. If it ends up benefiting others along the way (and it will in many ways) it doesn’t seem like something to discourage. And luck is by definition available to all.

Ah, but the *benefits* of luck are distributed unevenly. This is the reality that reasoned policy should address and not simply duck with flimsy excuses. PS it's not at all obvious that a wealth tax would really change behaviors (depending on the threshold and tax rate).

In contrast capital and productivity are not fixed and so the gains from those are more reliable. Everyone is better off focusing their attention on those instead of the lottery. And that produces more societal benefits.

Yeah, right but it's not at all clear growing wealth and income inequality are unrelated to this, that these gaps don't aren't both dangerous and actionable, and that the costs of things like a wealth tax exceed their benefits. 1/

I'm not saying you're definitely wrong, but it's not clear that you're definitely right either. I'm trying to curry a reasonable, evidence-centric discussion to help us suss out how to proceed. Phrases like "strip-mine the American dream" may feel good but they don't advance us.

I doubt either of us will have the data or authority to decide how to proceed :) but we can use our own experience as one data point. I see your most recent tweet is about loss aversion which is very relevant - how do you tax luck without triggering that?