@DaytonPubPolicy@skepticaliblog@CityofMonterey None of those “solutions” address the main pathology, which is overly aggressive return assumptions. If you don’t treat the disease, the symptoms never go away.
@bethanymac12 So will Salesforce earn $2.83 (“pro-forma”) this year or $0.29 (GAAP)? Best case scenario it is 54x an air-filled, Truman Show earnings number....who’s in?
@joncoupal@reviewjournal The Pension problem is clearly a runaway train. Looked at independently, though, taxing the state’s biggest income producers at 13.3% yet allowing commercial property to be covered by Prop 13 is asinine. Split-roll should be part of a grand bargain in the next crisis.
@ProMarket_org@bethanymac12 Welcome to the “Curse of Bigness,” “Myth of Capitalism” & “Age of Surveillance Capitalism.” The self reinforcing trend of data-driven, network-effect tech platforms can only be arrested by tax & regulatory intervention. This is, thankfully, becoming increasingly obvious to all.
@sapinker@Quillette This is EXACTLY the argument that got James Damore fired from Google:
“Even if two normal distributions heavily overlap, slight differences in their means can lead to rather dramatic differences in the tails of the distribution curve.”
@nfergus@nytimes@NYTimesCohen Roger proving to be searingly insightful, yet again. In Sept of 2016, he got out of the NYC bubble to accurately highlight potential for Trump victory. Most journalists suffer from confirmation bias and motivated reasoning-Roger is wonderfully objective. https://t.co/98aYofxOkB
@johnarnold It is a very interesting argument, I think best espoused by William Bernstein in 2013 with “The Paradox of Wealth and the End of History Illusion.” https://t.co/WAwzE4pqPZ