4 ms·

Naval Ravikant (of AngelList) nailed the problem with government pay subsidies on a podcast with Joe Rogan. "A slippery slide transfer straight into socialism.

Naval Ravikant (of AngelList) nailed the problem with government pay subsidies on a podcast with Joe Rogan. "A slippery slide transfer straight into socialism. The moment people can start voting themselves money, combined with democracy it's just a matter of time before the bottom 51 votes themselves into the top 49. By the way, the slippery slope fallacy is not a fallacy; they haven’t thought it through.” "The moment you start having a direct transfer mechanism like that in democracy, you're basically doing away with capitalism which is the engine of economic growth. You're also forcing the entrepreneur out, or telling them not to come here." "People who are down on their luck, they're not looking for handouts. It's not just about money, it's also about status and meaning. The moment I start giving money to you, I've lowered your status and made you a second class citizen.” "You have to teach a man to fish, not to basically throw your rod in and eat the leftover scraps."

throwanem 6y ago
That sure is a pile of quotes. I love the assumption that the problem is people just not wanting to learn how to fish. What has he, or have you, to back that assumption up? Evidence, please, not more assertions that read as if they fell through a hole in time from the red-baiting 1950s, when you really could just up and get a job that paid a living wage most places.
- nodesocket 6y ago
  > What has he, or have you, to back that assumption up I'm not exactly sure what you mean, but Naval does talk about his very modest upbringing, basically coming from nothing. His single mom, being a minority in a tough neighborhood in New York. However, his thirst for knowledge, status, and hard work has built a great amount of peer respect, economic output, and success.
  - throwanem 6y ago
    Thirst for knowledge, status, and hard work, huh? Sure, those count for something. Do you think having had the good luck to win the dotcom boom lottery might count for more?

throwanem 6y ago

That sure is a pile of quotes. I love the assumption that the problem is people just not wanting to learn how to fish. What has he, or have you, to back that assumption up? Evidence, please, not more assertions that read as if they fell through a hole in time from the red-baiting 1950s, when you really could just up and get a job that paid a living wage most places.

nodesocket 6y ago
> What has he, or have you, to back that assumption up I'm not exactly sure what you mean, but Naval does talk about his very modest upbringing, basically coming from nothing. His single mom, being a minority in a tough neighborhood in New York. However, his thirst for knowledge, status, and hard work has built a great amount of peer respect, economic output, and success.
- throwanem 6y ago
  Thirst for knowledge, status, and hard work, huh? Sure, those count for something. Do you think having had the good luck to win the dotcom boom lottery might count for more?