Viewing profile — grinnbearit

I don't know about a lot of other countries but India's economic boom started after liberalisation[1] in the 90s, before that India was far poorer. https://en.wikipedia.org/wiki/Ec…

Aesthetic preferences exist for a reason, they've also been selected for and would often correlate with health indicators. In the end reproductive success is all that's selected fo…

Chris Stucchio wrote an interesting blog post which changed my mind on this. Instead of exacerbating it, a Machine Learning model can actively correct for bias. https://www.chrisst…

A progressive consumption tax is less distortive (favours productivity over consumption) than a progressive income tax, its just harder to implement.

You'd always prefer $100 today vs $100 in a year. In order to convince someone to invest you need to offer them more than that in the future. If the discount rate is 10% (not bank …

You tax capital gains differently than earned income to incentivise investment over consumption. This is because consumption today is always more valuable than consumption in the f…

The Sino Indian war is more complicated than that, http://timesofindia.indiatimes.com/india/It-wasnt-China-but-...

One man's "crap" is another's fine dining. I believe values are subjective and we choose what we value with our wallets. > teaches them to have low expectations from what they buy …

Profits come from satisfying people's values [1], if more "higher quality" doesn't lead to more profits, it isn't valued. As an aside, I'd be skeptical of Artists who produce "Insp…

That doesn't makes sense, the only reason race would matter is if we're not using all other available information For example, imagine if income perfectly explained default rates. …

It also incentivises the google engineer to be as productive as they possibly can, assuming that salaries are indicative of marginal utility. Otherwise the engineer could spend his…

Valuable for satisfying human desires The theory is that people spend money on what they desire, and so companies that generate more money satisfy more human values. You will alway…

Finance isn't evil; day trading, investment banking, venture capital are all sharing information with the world and trying to move money to places where its more valuable. There is…

The reason we (as a society) inflate currencies is because of "sticky wages". People are loss averse and react much worse to a 5% pay cut than positively to a 5% pay rise. Because …

People get value out of a society by consuming goods and services, income is how we as a society measure the value a person provides. Income Tax taxes value provided, Consumption T…

Here's an interesting video that takes that into account. Twins, even those that grow up separately, are remarkably similar. https://www.youtube.com/watch?v=KDFh74eENuw

How about a progressive consumption tax?

Proportional representation makes sense because morality & values are subjective. Its implementation leaves a lot to be desired (see futarchy).

I disagree, take India and China, both developing nations with populations that are significantly better off after adopting some form of Capitalism.

Actually yes, Chris Stucchio's posts on the subject are pretty in depth starting with https://www.chrisstucchio.com/blog/2012/hft_apology.html You could also look at the book, Flas…

> The idea that women's liberation and the abolishment of slavery are "arbitrarily" positive things, and that we may like them exactly as likely as we may not via some senseless qu…

Thanks for the tips, r/AskPhilosophy has a lot of discussion on the topic. I am also interested to know why you seem to prefer Moral Realism. > As such, to claim that "there is no …

Moral realists have the upper hand? Are you willing to share some articles covering the topic? For example, http://slatestarcodex.com/ and http://lesswrong.com/ have plenty of essa…

Why do you think house prices and rents are very correlated? People buy houses as an investment which can very quickly raise the price while rents depend on housing demand which de…

Hmm, thats a lot to respond to, I'm going to start with just a small part initially. I'm not taking free markets to be a foundation for morality, I'm saying that I believe morality…