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Steve Faktor Profile picture
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12 Nov, 11 tweets, 6 min read
Real problems, atrocious solutions

My response to Elizabeth Warren's thread

1. Paris accord was toothless & symbolic. Yes, we should absolutely be at the table, but hard commitments will only come from clean innovation w/real ROI

2. College debt forgiveness is regressive pandering to elites, where the 70% who don't go to college subsidize the 30% who CHOSE to go & will soon out-earn them. It;s obscene & doesn't solve the real problem.

Some real solutions:

3. Yes, drug prices must be lowered but NOT by removing all incentive to work on important diseases by invalidating patents! (I evaluare negotiation, importation, patent reform & others in The McFuture universal healthcare podcast IdeaFaktory.com/health5)

4. A national minimum wage makes no sense. Local costs of living vary dramatically. Natinally, it's a blunt tool when refinement is needed.

I've tweeted plenty on this: twitter.com/search?q=ideaf…

5. Covid-19 does not discriminate based on race, neither should we. Rather than using the divisive lens of race, we should view it through the economic lens of poverty. Yes, there will be high correlation of race/poverty, but only economics ensures those who need help get it.
6. I encourage a transition from amorphous climate crusade to a more relevant, granular business cases with clear ROIs for all parties, developing new scaleable alternatives & making existing ones cleaner.

More in this thread:

7. The monopoly ship has sailed for most legacy industries. It's not clear that breaking up companies achieves "balance & competition". We must transition to funding alternatives, preventing anti-competitiveness/consumer harm, platform transparency.

More: ideafaktory.com/monopoly
8. WE AGREE!!

Been on campaign finance corruption reform forever: bit.ly/FireThemAll
Conclusion

I agree with much of the left's diagnoses, but most of their solutions are terrible & riddled w/unintended consequences. I have no doubt Elizabeth Warren & Bernie mean well, but I have even less doubt that their heavy hand will tip us in potentially worse directions.
And...
The problem with college debt forgiveness...

ideafaktory.com/vapor/

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More from @ideafaktory

Steve Faktor Profile picture
13 Nov
Hear the enslaved, heed the emancipated

I explored why profit-seekers are unreliable truth-tellers:

I didn't say what to do about it...until now.

A thread on finding TRUTH...
The Emancipated

Very few in society are truly FREE.

Even the richest & most successful are bound by
- social norms
- personal/business obligations
- their perceptions of themselves (remember this one...)

But some are closer to speaking - or SIGNALING - truth than others.
Qualities of The Emancipated:

✅Successful
✅Self-made
✅Wealthy (don't have to work)
✅Perpetual learners
✅Public (seek media/social media attention)
✅Clear motivations

People with this profile are *best positioned* to speak truth & model essential patterns.
Read 9 tweets
Steve Faktor Profile picture
17 Oct
Online voting could be done w/bank SSO. You'd sign into a secure, private voting site using your bank's credentials, where you're already verified. Like Google or Facebook login on 3rd party sites. This can also be an opportunity to give accounts & benefit xfers to poor/unbanked.
This is not unprecedented. Companies like Intuit (TurboTax) and Yodlee access your bank, broker and ADP (paycheck) accounts to pull in W-2s and financial account data.
If done on mobile, additional sensors/camera can be used to aid in the verification/authentication process.
Read 4 tweets
Steve Faktor Profile picture
16 Oct
Proposal: New Framework for Section 230 Protections

As social networks increasingly make editorial decisions, are they still "platforms" that should be protected from illegal acts by their users?

My 2 main criteria:
—banning people beyond legal requirements
—post selection

1/4
If banning people and choosing posts (whether human or algorithmic selection), they are publishers and should have comparable legal exposure.

Same even if they don't ban people beyond legal mandates.

If they do neither, section 230 should protect them.

2/4
Trickiest one is no post selection (other than user-controlled), but accounts are banned.

If there's clear banning criteria ("hate" likely too mushy & has no legal standing) AND clear path to redemption, plus some sort of follower portability, a version of 230 should apply.

3/4
Read 6 tweets
Steve Faktor Profile picture
31 Jul
I'll double-down on my unpopular opinion on the "all-teachers-are-heroes" narrative.

I like heroes who don't let our kids rank 25th in the world on math, science and reading.

Earn your moniker.

#education #educators #school
To the HEROES killing standardized tests:
Instead of fixing kids' performance, WE SEE YOU burying measures of your massive failures!

I want 1000X MORE standardized STEM tests!
Get to #1, then you losers can improvise. Even Picasso had to draw fruit first.
And we don't need more arts & crafts. Americans will be plenty creative on our own.

Teach STEM. That's it.

If you can't, you're a babysitter. And you need to step aside.

"Educators" have failed this country. Now we need to find & mobilize real teachers.
Read 4 tweets
Steve Faktor Profile picture
29 May
Profit-seekers can't be reliable truth-tellers.
And I say that as a capitalist.

NBA/Nike/China
TV News
"influencers"
BS corporate campaigns

Truth always loses to profit.
Sellers are compromised appeasers.

What makes truth possible?
-desperation
-FU $'s
-meaty direct patronage
Whether you diverge from your employer's interests by organizing a protest or compromise the profits of a platform you're on, you're done. You are a dependent, bound to their interests, not truth.
Even wealth isn't a perfect buffer. Truth can quickly alienate you & your family from social circles. There's too much at stake. These become your boundaries for truth.

Anonymity can liberate, but it's nearly impossible to gain moral authority or build reputation behind a veil.
Read 5 tweets
Steve Faktor Profile picture
28 May
Fuck it, let's do this. Let's talk about LIARS.

We have two flavors of people emerging on social media (the rest have the decency to shut the fuck up):
- Stupid
- Liar (and there are many flavors)

Let's discuss #StupidOrLiar.

First, Stupid.

I cut the ignorant, misinformed & stupid a lot of slack. Maybe life dealt them a bad hand or they're being used as pawns. It's only when they self-identify as smart, refuse to seek facts, are stubborn, incurious & LOUD that they become annoying - or ruinous.

2/
The way to handle the stupid is educate, avoid, or give them something to do that they can handle without wrecking everything.

But it's the LIARS that are far scarier and they're multiplying, especially here.

3/
Read 16 tweets

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