Message from @pratel

Discord ID: 497749776809459712


2018-10-05 12:36:38 UTC  

you know fellas

2018-10-05 12:36:42 UTC  

My pay does not even have to compare to anyone else's.

2018-10-05 12:36:43 UTC  

sometimes Donald Trump is not that great

2018-10-05 12:36:56 UTC  

"The right sees the left as wrong; the left sees the right as evil."

2018-10-05 12:37:07 UTC  

Equality of outcome is one of the most harebrained economic models you could choose.

2018-10-05 12:37:15 UTC  

It only sounds fair to a toddler.

2018-10-05 12:37:16 UTC  

As such the left believes it is the hero and will do anything it needs to win.

2018-10-05 12:37:37 UTC  

Equality of outcome for unequal work means that whoever worked harder got less per unit of time!

2018-10-05 12:37:42 UTC  

Actually, it doesn't even seem fair to toddlers. We have experiments proving toddlers hate equality of outcome.

2018-10-05 12:37:56 UTC  

It's only fair to statisticians, bureaucrats and academics

2018-10-05 12:38:10 UTC  

Who more or less control everything these days.

2018-10-05 12:38:15 UTC  

But, basic arithmetic is not the strong suite of so-called egalitarians.

2018-10-05 12:38:24 UTC  

Oh, and HR types and Union faithful.

2018-10-05 12:38:39 UTC  

Wait, so even toddlers don't like it?

2018-10-05 12:38:51 UTC  

Nope. They believe in something usually called "fairness" in the literature.

2018-10-05 12:38:55 UTC  

What are we doing to so-called adults to miswire their brains that badly then?

2018-10-05 12:39:10 UTC  

Which is closer to equal rewards for equal precieved effort.

2018-10-05 12:39:16 UTC  

Which is what most adults want too.

2018-10-05 12:39:18 UTC  

offer them "free money"

2018-10-05 12:39:26 UTC  

Yes, that I can have some sympathy for.

2018-10-05 12:39:54 UTC  

Equality of outcome is very convenient for people who do statistics (it's relatively easy to test) and bureaucrats (you get paid on the plan)

2018-10-05 12:40:07 UTC  

I think equal rewards for equal perceived effort is evil

2018-10-05 12:40:10 UTC  

I think there are also very strange misperceptions of where prices come from.

2018-10-05 12:40:15 UTC  

It's also convenienent for people who don't really want to work or otherwise obsess over equality.

2018-10-05 12:40:22 UTC  

Yes PERCEIVED effort, that would be a bad thing.

2018-10-05 12:40:28 UTC  

But not as bad as equality of outcome.

2018-10-05 12:40:40 UTC  

Your perception might be off, but at least you are TRYING to do the right thing.

2018-10-05 12:40:42 UTC  

The vast majority of people don't have even a cursory understanding of economics.

2018-10-05 12:40:52 UTC  

CA and NYC are looking at rent control again, for example.

2018-10-05 12:41:02 UTC  

With equality of outcome, you are not even TRYING to do the right thing.

2018-10-05 12:41:12 UTC  

Equal reward for equal value generation.

2018-10-05 12:41:29 UTC  

So the thing about perceived effort is that people don't even realize it's the perception.

2018-10-05 12:41:31 UTC  

Yes, and that comparative value is measured through prices.

2018-10-05 12:41:50 UTC  

If two things have the same price, it is supposed to mean that, by and large, people would be willing to exchange the two.

2018-10-05 12:42:43 UTC  

And if it is not the case for you, you can exchange the thing of higher price for cash and buy the other item that is priced the same, but which you value less.

2018-10-05 12:42:46 UTC  

If they believe that there is good reason to trust what people say about effort, they'll bite.

The problem is that "equal effort for equal reward" (the actual ideal) is marred the fact specialization hides the effort alot of people put into things and the fact that not all labor is equal.

2018-10-05 12:43:06 UTC  

Capitalists trust price signals. Communists don't.

2018-10-05 12:43:12 UTC  

Heres a missing concept people often overlook

Leftwingers see "time spent" as the value
Rightwngers see "resource contributed" as the value

If a person works 1 hour on a machine, to create 10x the product
One side wants them paid for 1 hour
The other wants them paid 10x for the resource

And since they see Rich people as working just as long as minimum wage people
Equality of outcome seems fair to them

2018-10-05 12:43:24 UTC  

I often hear the rhetoric question "How do you put a price on X?" Well, the same way you put a price on anything else!

2018-10-05 12:43:34 UTC  

Competitive bidding

2018-10-05 12:43:55 UTC  

Kind of.