Wealth Distribution, Fixing Healthcare, and UBI

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In today's episode, Noah Smith and Erik Torenberg answer listeners' questions in rapid fire format, over topics such as the global reserve currency, fair taxation, wealth redistribution, education reform, healthcare, US manufacturing, how to revitalize cities, and more. Thanks to all our listeners who continue to write in with big meaty questions! Grow your newsletter with Beehiiv: 🐝 to Beehiiv.com and use code “MOZ” for 20% off your first three months.
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Host Sasha Orloff (3x Founder & CEO) is joined by top founders and finance leaders at high growth tech companies who share how they navigated huge make-or-break decisions, rode inflection points, and architected success. If you want to learn the mental models and tactics top business leaders and CFOs, subscribe below. Debut episode features Casey Woo unpacking his wild ride managing billions in budgets at WeWork - arguably one of the craziest capital stories ever. • Making Decisions in Hy...
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LINKS:
Noahpinion: www.noahpinion.blog/
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X / TWITTER:
@noahpinion (Noah)
@eriktorenberg (Erik)
@TurpentineMedia (Turpentine)
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TIMESTAMPS:
(00:00) Intro
(00:53) What if the dollar was no longer the world’s reserve currency?
(04:50) Fair taxation
(08:20) Level of redistribution in the US
(10:30) Lowering inequality by increasing economic growth
(18:26) Sponsor: Beehiiv | Harmonic
(20:26) Education reform
(30:07) Fixing rising costs in healthcare
(34:12) Limitations of UBI
(39:09) Massive gap between US and China’s manufacturing capacity
(46:25) US potential gateway to Africa
(54:28) Impact of foreign aid
(59:20) Revitalizing small US cities
(01:04:58) Wrap

Опубликовано:

30 июн 2024

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Комментарии : 19

@ItsPaaat 2 месяца назад

Great ep. Thanks for this series. Q for Noah: How do you grok with confidence? You do it much faster than I do, so a couple of tips would be appreciated. Keep up the good work, gents!

@ItsPaaat 2 месяца назад

And props for the Tassafaronga reference, Noah. Might have been the previous show, but good on you for knowing that! Best always.

@moah2012 2 месяца назад

The "Singapore" of Africa is already Mauritius. It's also the most similar being an island city state, already has offshore finance, massive tourism, and decently high income per person. Only thing is they are more culturally closer to India. I'm also Ghanaian, was just there a day ago. You are right about the African American tourism and creativity and relatively good education levels of Ghana compared to most of Africa. But I need to clear up some misconceptions. You are right that most people are Akan. (Pronounced "Ah-cawn" not "Ah-ken" ) But there are ethnicities under Akan - Ashanti, Fanti,Akwapim, etc. We won't kill each other over tribes, but no one identifies as Akan. They'll say "Fanti" or "Ashanti". 2. Ghana has terrible transportation networks and we have energy issues (we call it "Dumsor"). (Still better than most of Africa, but compared to Mauritius, its sub-par). 3. "The interest groups fighting for pay outs" is still a massive issue in Ghana. Most educated Ghanaians will tell you how cancerous the patronage system is. Ghana is very corrupt (again better than Nigeria and other African countries, but still corruption erodes state capacity). Ghana could be a "Singapore of West Africa" but even that is dubious. Cape Verde, the West African island state, has a better chance of being that for West Africa.

@pumplove81 2 месяца назад

sorry, not sure what Mauritians being culturally closer to Indians has anything to do with it being a gateway ?? Irish are culturally closer to Scandinavians and Singaporeans are culturally closer to the Chinese ..capisce ?

@ivanbasiliorobainabychko5936 2 месяца назад

You are right, but it's also important to notice Mauritius is not facing the Atlantic Ocean, which is a tremendous disadvantage when it comes to creating trade links with the US. A better, more natural option would be some other African country facing the Atlantic, preferably located not too far down south. Ghana has a chance there.

@pumplove81 2 месяца назад

@@ivanbasiliorobainabychko5936 this is much more sensible argument ..i concur

@Scarletpimpanel73 2 месяца назад

Great comment on tax. Australia is an example of a wasteful tax system. Overtaxed to some degree, but the bigger culprit is the complexity of the system. Australia has the highest number of accountants per capita in the world ... probably as a direct result of this. These are smart people that could have been engineers, or scientists, or medical professionals, that are instead navigating the complexities of the Australian tax system.

@greggallo9906 2 месяца назад

Thanks, Noah and Erik!

@TheStrangeBloke 2 месяца назад

The main thing with industrial policy has ALWAYS BEEN that we need to fixate on industries that are (1) strategically important and (2) something we are economically well-suited to do. Strategic importance doesn't care whether something is occurring in the USA or in Mexico, for example. Economically good industries are a little more nuanced. I find it really funny how Noah's had several public twitter fights with Chuck Marohn over StrongTowns and infrastructure, and yet it appears they basically completely agree on smalltown development patterns.

@darkerisbetter8699 2 месяца назад

This was a banger episode 🚀

@pumplove81 2 месяца назад

i feel so smart after listening to these discussions 🙂..thanks so much for putting out such intriguing thoughts

@lorcanoconnor6274 2 месяца назад

The confidence with which Noah talks lmao

@stevenbrooks6375 2 месяца назад

Erik doesn’t say much does he. It’s basically an interview of Noah Smith.

@noahl5619 2 месяца назад

Agreed, I wish Erik would chime in more on all his podcasts.

@tony-lam 2 месяца назад

Agreed but to me, it seems like he isn't knowledgeable enough in these areas to provide much of a push back. I could be wrong though.

@dm95422 2 месяца назад

Negative Income Tax is the answer, far more cheaper & efficient than a UBI.

@thinktankdonahue 2 месяца назад

Your Russian heritage shows quite brightly when you say government creates property rights. Here in America, God created natural rights and government protects them. You should know this already.