How should it begin? Re-phrase the question and respond with your opinion How do we avoid just repeating the question word for word? Separate out the ideas. Should we include quotes?
August This essay is derived from a talk at Defcon Suppose you wanted to get rid of economic inequality. There are two ways to do it: But they amount to the same thing, because if you want to give money to the poor, you have to get it from somewhere.
You can't get it from the poor, or they just end up where they started. You have to get it from the rich. There is of course a way to make the poor richer without simply shifting money from the rich.
You could help the poor become more productive-- for example, by improving access to education. Instead of taking money from engineers and giving it to checkout clerks, you could enable people who would have become checkout clerks to become engineers.
This is an excellent strategy for making the poor richer.
But the evidence of the last years shows that it doesn't reduce economic inequality, because it makes the rich richer too. If there are more engineers, then there are more opportunities to hire them and to sell them things.
Henry Ford couldn't have made a fortune building cars in a society in which most people were still subsistence farmers; he would have had neither workers nor customers. If you want to reduce economic inequality instead of just improving the overall standard of living, it's not enough just to raise up the poor.
What if one of your newly minted engineers gets ambitious and goes on to become another Bill Gates? Economic inequality will be as bad as ever. If you actually want to compress the gap between rich and poor, you have to push down on the top as well as pushing up on the bottom.
How do you push down on the top? You could try to decrease the productivity of the people who make the most money: But this approach is hard to implement.
The only practical solution is to let people do the best work they can, and then either by taxation or by limiting what they can charge to confiscate whatever you deem to be surplus.
So let's be clear what reducing economic inequality means. It is identical with taking money from the rich. When you transform a mathematical expression into another form, you often notice new things.
So it is in this case.
Taking money from the rich turns out to have consequences one might not foresee when one phrases the same idea in terms of "reducing inequality. So if you lop off the top of the possible rewards, you thereby decrease people's willingness to take risks.
Transposing into our original expression, we get: There are whole classes of risks that are no longer worth taking if the maximum return is decreased. One reason high tax rates are disastrous is that this class of risks includes starting new companies.
Investors Startups are intrinsically risky. A startup is like a small boat in the open sea.
One big wave and you're sunk. A competing product, a downturn in the economy, a delay in getting funding or regulatory approval, a patent suit, changing technical standards, the departure of a key employee, the loss of a big accountany one of these can destroy you overnight.
It seems only about 1 in 10 startups succeeds. Which meant, with current US tax rates, that it made sense to invest in us if we had better than a 1 in 24 chance of succeeding.
That sounds about right. That's probably roughly how we looked when we were a couple of nerds with no business experience operating out of an apartment. If that kind of risk doesn't pay, venture investing, as we know it, doesn't happen. That might be ok if there were other sources of capital for new companies.
Why not just have the government, or some large almost-government organization like Fannie Mae, do the venture investing instead of private funds? I'll tell you why that wouldn't work. Because then you're asking government or almost-government employees to do the one thing they are least able to do: As anyone who has worked for the government knows, the important thing is not to make the right choices, but to make choices that can be justified later if they fail.
If there is a safe option, that's the one a bureaucrat will choose.`` anyone can do any amount of work, provided it isn't the work he is supposed to be doing at that moment." -- Robert Benchley, in Chips off the Old Benchley, Sep 13, · How to Write About Yourself. In this Article: Article Summary Examples Writing of the Autobiographical Nature Writing Personal Essays for School Writing a Cover Letter for an Application Writing a Short Biography Note Community Q&A Writing about yourself can seem embarrassing at first.
Cover letters, personal essays, and bio notes about yourself come with some specific tricks and tips . This started with a tweet.
I’m embarrassed how often that happens. Frustrated by a sense of global mispriorities, I blurted out some snarky and mildly regrettable tweets on the lack of attention to climate change in the tech industry (Twitter being a sublime medium for the snarky and regrettable).
Climate change is the problem of our time, it’s everyone’s problem, and most of our problem. Best professional online essay writer company is at your service. We help students write academic essays and papers from scratch in just a few clicks, offering perfect quality and .
A great way to get the kids excited and motivated about writing, while they are learning proper writing techniques. Nikki Wilcox, MEd, EdS, Coordinator of Assessment . Writing an introduction. For this exercise, I first got students to tell me what they found confusing about introductions.
We listed their “things we want to know” about introductions on the board first.