Dan O
1 min readOct 8, 2021

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Avraam:
Agreed, merely adding frictions usually does diminish an effect. In this case I just worry we are too far from the root cause. Consider the case of an old school business that needs a cash injection to modernize. Investors project a 20% bump in productivity, easily doubling orders (and almost doubling staff too); they estimate payback in 6 months, and 2x profits over 3 years! Hooray! It’s a win-win-win!

Oh wait! The Avraam’s law says we must wait a decade to reap those profits. So sad, since markets are so fickle, the investor passes; the returns are too slim and timeline is too long. Notice, the profit taking here was not evil even when it was quick, because it was causally linked to an INCREASE in staff.

Striking nearer to the root of this problem I would say two things:
(1) we should not TAX a company that provides a job, we should PAY them for the service they are providing society.
(2) businesses serve the needs of capital since they are owned by capital. If you don’t like the former, you must remove the latter. NOTE: I strongly believe in the distributed intelligence of the market, thus one must somehow retain capitalist-market-distributed-decision-making just without capital ownership. (I have some half-baked ideas, but they dont fit here…)

anyway, I honor the spirit of your attempt, even as I kick sand into the gears of its workings. :-)

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Dan O
Dan O

Written by Dan O

Startup Guy, PhD AI, Kentuckian living in San Fran

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