Income inequality is not the problem, it's a symptom
blog.rongarret.info
Income inequality is not the problem, it's a symptom
1–10 of 242 posts
Re: Income inequality is not the problem, it's a symptom
#2>So why doesn't Graham recognize and advocate this? Perhaps it's because two of his biggest golden geese — Uber and AirBnB — are actually relying on exactly the kind of political influence I'm calling out here in order to survive and prosper.
Whether this is true or not, we need to realize PG has motives. He doesn't write essays just for his health.
Re: Income inequality is not the problem, it's a symptom
#3"At the very least, we should strive for a non-regressive tax system, which is what we have now."
I'm super pro regressive taxes. Regressive taxes are fantastic for the poor. They get more than they put in AND the elite are less able to avoid paying them. The socialized promised lands of Scandinavia are highly regressive.
http://krugman.blogs.nytimes.com/2010/11/17/why-im-soft-on-s...
Re: Income inequality is not the problem, it's a symptom
#4Uber hired lobbyists because they had no choice. Traditional companies have captured the regulatory system so bad you have idoitic laws designed to protect them.
In London one law was proposed for a minmium wait time of 5 minutes. It was directly aimed at uber.
Re: Income inequality is not the problem, it's a symptom
#5Did YC fund Uber? I had thought they weren't a YC company.
Re: Income inequality is not the problem, it's a symptom
#6I don't think Uber is a YC investment. It's certainly not listed as such under CrunchBase, nor have I seen any public article mentioning them as an investment.
Re: Income inequality is not the problem, it's a symptom
#7>So once again, let me be clear: I do not want to kill Y Combinator, nor do I want to kill Uber or AirBnB.
AFAIK Uber is not a YC portfolio company.
Re: Income inequality is not the problem, it's a symptom
#8>So once again, let me be clear: I do not want to kill Y Combinator, nor do I want to kill Uber or AirBnB. AFAIK Uber is not a YC portfolio company.
https://twitter.com/paulg/status/678653529288916996
PG on Uber. "No, just a user."
Re: Income inequality is not the problem, it's a symptom
#9"At the very least, we should strive for a non-regressive tax system, which is what we have now." I'm super pro regressive taxes. Regressive taxes are fantastic for the poor. They get more than they put in AND the elite are less able to avoid paying them. The socialized promised lands of Scandinavia are highly regressive. http://krugman.blogs.nytimes.com/2010/11/17/why-im-soft-on-s...
> The socialized promised lands of Scandinavia are highly regressive.
No, they aren't. Regressive means that the rich pay less, percentage-wise, than the poor do.
Re: Income inequality is not the problem, it's a symptom
#10Mr. Garret quotes Sanders:
> The reality is that for the past 40 years, Wall Street and the billionaire class has rigged the rules to redistribute wealth and income to the wealthiest and most powerful people of this country.
I am rather puzzled that this idea gets so much traction. Does anyone really believe that if only the rules weren't "rigged" local shops and businesses would be able to compete against Wal-Mart and Amazon? Do people really believe that it's only because of "rigged" rules that big employers are downsizing and shipping production overseas?
It's wishful thinking. The rules don't drive rewards to the top. It's intrinsic to the free market.