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webdevMason's profile
Mason 🏃‍♂️✂️
Mason 🏃‍♂️✂️
Mason  🏃‍♂️ ✂️
@webdevMason

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Mason  🏃‍♂️ ✂️

@webdevMason

patreon.com/masonhartman
Joined July 2015

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    1. theo‏ @sudonimbus 27 Jul 2019
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      Replying to @robertwiblin @webdevMason

      This is fair but there's a difference between "policies will not be massively pro-young because young people know they will one day be old" and "policies will be massively pro-young but everybody gets to be young sometime"

      1 reply 0 retweets 0 likes
    2. Mason  🏃‍♂️ ✂️‏ @webdevMason 27 Jul 2019
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      Replying to @sudonimbus @robertwiblin

      If each younger generation *does* hand themselves something unsustainably expensive, each subsequent generation that winds up paying for it (in part) may feel increasingly pressed to do the same for themselves, even at the risk of perpetuating the cycle into full-on death spiral

      1 reply 0 retweets 2 likes
    3. Mason  🏃‍♂️ ✂️‏ @webdevMason 27 Jul 2019
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      Replying to @webdevMason @robertwiblin

      I suspect that somewhat over-considering the elderly may be preferable, if it prevents any initial mass coffer grab post-realization that one's final years will be a simultaneous descent into physical, psychological & financial helplessness unless they grab what they can now

      1 reply 0 retweets 1 like
    4. Robert Wiblin‏ @robertwiblin 27 Jul 2019
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      Replying to @webdevMason

      If we were out of the blue thinking about 'if our political system has to transfer resources to 20-30 year olds, or 75-85 year olds which is better', wouldn't the former clearly seem preferable? Three reasons jump out at me: ...

      1 reply 1 retweet 1 like
    5. Robert Wiblin‏ @robertwiblin 27 Jul 2019
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      Replying to @robertwiblin @webdevMason

      i) the young care much more about overall system sustainability because they'll be paying for the next round of transfers whereas the old will never have to deal with the problems they leave everyone else; ...

      2 replies 0 retweets 3 likes
    6. Robert Wiblin‏ @robertwiblin 27 Jul 2019
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      Replying to @robertwiblin @webdevMason

      ii) it speeds up inter-generational transfers which are currently too low, as the old are living for a long time, meaning people often only inherit familial wealth when they're 45 or older (!), resulting in inefficiently low consumption smoothing for the credit constrained;

      1 reply 0 retweets 2 likes
    7. Robert Wiblin‏ @robertwiblin 27 Jul 2019
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      Replying to @robertwiblin @webdevMason

      iii) transfers to the young more often becomes investments in the future, via education, healthcare and related investments in them as people; buying equities not bonds; more ability to take risks promoting business formation and scientific research, etc.

      1 reply 0 retweets 4 likes
    8. Robert Wiblin‏ @robertwiblin 27 Jul 2019
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      Replying to @robertwiblin @webdevMason

      To put it another way, the young should naturally be much more averse to policies that transfer resources to them, but lower GDP growth. The old are doing that a lot, cutting investments in the future and turning them into short-term minded consumption that only benefits them.

      1 reply 1 retweet 5 likes
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    10. Mason  🏃‍♂️ ✂️‏ @webdevMason 27 Jul 2019
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      Replying to @asglidden @robertwiblin

      Yes, what I'm trying to get at is "avoid anti-growth death spirals at all costs." I actually do think the younger gens are currently at an untenable disadvantage, but they haven't yet seen the social safety net fully crumble & it seems to me that that's what's preventing panic

      2 replies 0 retweets 2 likes
      Mason  🏃‍♂️ ✂️‏ @webdevMason 27 Jul 2019
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      Replying to @webdevMason @asglidden @robertwiblin

      My argument is contingent on things getting noticeably worse for the elderly, either in fact or in the shared narrative. IMO, policies extreme enough to risk triggering a cash grab predicated on the perception of a zero sum game are v risky, even if $ flows in the right direction

      10:12 AM - 27 Jul 2019
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        1. Mason  🏃‍♂️ ✂️‏ @webdevMason 27 Jul 2019
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          Replying to @webdevMason @asglidden @robertwiblin

          I think we're *probably* becoming increasingly susceptible to this sort of death spiral as fertility rates drop and familial + communal safety nets break down, making us increasingly dependent on personal ability + the state, especially in old age when the former declines rapidly

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