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Sam Altman and Andrew Yang talk UBI

businessinsider.com

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Re: Sam Altman and Andrew Yang talk UBI

#2
Great to see tech leaders get behind UBI. Now is the time and Yang is the candidate of a lifetime. I never understood how people buy into the whole "break up the tech giants" argument. It makes no sense, just a great platitude with no real accomplishment. Who wants to use the 2nd best Twitter or Facebook? Not a single person.

Re: Sam Altman and Andrew Yang talk UBI

#3
It's not UBI, it's a rolling stimulus package :)

That money is going to spent. For startups, 100 bucks, 300 bucks, 800 bucks. Some of that is going to go to subscriptions. That's for the digital service economy.

And it's good for early startups - because if someone has spare change, they're going to be willing to take a chance on an up and coming app.

Re: Sam Altman and Andrew Yang talk UBI

#4
post #2

Great to see tech leaders get behind UBI. Now is the time and Yang is the candidate of a lifetime. I never understood how people buy into the whole "break up the tech giants" argument. It makes no sense, just a great platitude with no real accomplishment. Who wants to use the 2nd best Twitter or Facebook? Not a single person.

Usually "breakup" is a byword for regulate.

However, it's possible to see how Amazon being broken into at least one online retailer, a web services company, and a logistics provider and how that may increase competition in each of those markets.

Further, even in your social example, people used Instagram before Facebook bought them and likely still would if divested, and Snap, Tik Tok and more are going strong as independents.

Re: Sam Altman and Andrew Yang talk UBI

#5
post #2

Great to see tech leaders get behind UBI. Now is the time and Yang is the candidate of a lifetime. I never understood how people buy into the whole "break up the tech giants" argument. It makes no sense, just a great platitude with no real accomplishment. Who wants to use the 2nd best Twitter or Facebook? Not a single person.

I still know people who love Instagram or WhatsApp but they hate Facebook. Little do they know both apps are owned by Facebook, and that's the problem Facebook keeps acquiring their threats, their competitors that's monopoly and seriously they're dangerous. Many people still don't know YouTube is owned by Google. This is a problem!

Re: Sam Altman and Andrew Yang talk UBI

#6
UBI is just an excuse to do the real fix, and that's tax the wealthy and the corporations their fair share.

It's ridiculous my tax rate is over 30% while wealthy people has it at 15%, and Amazon has it at 0%. That's the real problem! Yang wants to give people #1kBro so they can shut up about the real issue here is tax fairness.

Re: Sam Altman and Andrew Yang talk UBI

#7

UBI is just an excuse to do the real fix, and that's tax the wealthy and the corporations their fair share. It's ridiculous my tax rate is over 30% while wealthy people has it at 15%, and Amazon has it at 0%. That's the real problem! Yang wants to give people #1kBro so they can shut up about the real issue here is tax fairness.

Good idea. How about a flat tax with no loopholes? Seems fair to me.

Re: Sam Altman and Andrew Yang talk UBI

#9

UBI is just an excuse to do the real fix, and that's tax the wealthy and the corporations their fair share. It's ridiculous my tax rate is over 30% while wealthy people has it at 15%, and Amazon has it at 0%. That's the real problem! Yang wants to give people #1kBro so they can shut up about the real issue here is tax fairness.

Good idea. How about a flat tax with no loopholes? Seems fair to me.

What's the rationale for a flat tax over progressive? I believe that an ideal tax system should properly reflect that the value of a marginal dollar is inversely correlated with income/wealth in a nonlinear fashion. But I'm open to having my mind changed.

Re: Sam Altman and Andrew Yang talk UBI

#10
post #2

Great to see tech leaders get behind UBI. Now is the time and Yang is the candidate of a lifetime. I never understood how people buy into the whole "break up the tech giants" argument. It makes no sense, just a great platitude with no real accomplishment. Who wants to use the 2nd best Twitter or Facebook? Not a single person.

I'm assuming you're asking in good faith, so I'll point out three problems with your line of thought.

First, you assume that having multiple competitors is pointless if one product is the clear winner. Proponents of breaking up tech giants would argue that Twitter and Facebook are not actually very good products right now, and the reason they're popular is largely due to network effects and anticompetitive behavior, not innovation. They would argue that even if breaking up Twitter just resulted in 2nd-best Twitter, the existence of competition would force the original Twitter to innovate at a faster pace than it's moving right now.

Second, you assume that there would be a clear "best" product. In truly competitive fields, it's often difficult to point to one product and say, "that's the best, and everyone else is settling for a worse product."

Take iPhone and Android. Why does anyone use the 2nd best phone operating system? Why don't we have one OS? Because there isn't a clear 2nd best operating system. The products are good for different things, and fit different niches and use-cases. It seems obvious to me that the smartphone market is broad enough that other niches could be served better by more targeted alternatives to the two major OSes, if those alternatives were allowed to mature to the point where they became competitive.

Finally, you misunderstand what the proposals about breaking up tech companies often entail. Most commonly when people talk about breaking up big-tech, I find they're talking about Warren. Warren's proposals are (roughly speaking) about separating product offerings and platforms. Her plan isn't to take Apple and force them to split up and create a second iOS. Her plan is to split Apple so that the company controlling the iOS App Store isn't the same company selling software on that store.

It's not about blindly making a second Apple, it's about trying to remove conflicts of interest from platform maintainers.

I'm not going to say whether or not I think that plan is good. I do think it's pretty unlikely to happen even if Warren is elected. But regardless, it's a very different, much narrower plan with very different goals and implications than what you're describing.

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