evanwarfel
Joined 12 years ago
Joined 12 years ago
The former scheme is hard because time, as the Ithaca HOURS currency experiment shows, isn't exactly fungible in the same way that money is. Being able to redeem 'an hour' assumes that all people can do the same level of work at all tasks.
The latter, however, requires a different way of thinking about pricing.
For instance, service providers might set their rates as multiples of one's hourly wage: a tennis teacher might charge 1x, a pro-tennis teacher might charge 3x, and a low-income psychotherapist might charge .85x... Such a scheme could work with a sufficient number of clients -- essentially one is sampling from the income distribution -- but the system is more equitable to income differences.
From this point, one can think of more complex schemes, like a non-linear mapping function that can prevent high-income individuals for paying drastically more than others.
Yes, one big issue is one of trust and verification of income... but if it were a culturally accepted practice, it could work. The other issue is the incentive to only target high-income people. Perhaps there could be a set of tax breaks for those whose distribution of client's incomes met some basic requirements.
A little digging reveals that Feat Socks sells socks and hoodies. (https://featsocks.com/)
>“Hell yeah, it’s better than going to Harvard or Stanford,” said entrepreneur Katelyn O’Shaughnessy, who didn’t attend either school.
For what, the social validation? O'Shaughnessy's business (https://doctours.com) appears to be a get-healthcare-in-another-country-and-have-a-vacation travel agency.
>“I wanted to throw up at the entire thing,” said Andy Sparks, an entrepreneur who was on this year’s list, describing his reaction to the Summit, a Forbes event that celebrates the Under 30 community. “I had an existential crisis coming back from it. I wondered why I wanted to get on the list and be a part of this community in the first place.”
Ah! A critical thinker.
> Corporate sponsors such as The Macallan whiskey and Courtyard by Marriott pay big fees to get their brands in front of the young professionals who flock to the events. In 2016, Ocean Spray created a cranberry bog in a wading pool in Boston during the event, partly to highlight the fruit as an ingredient in cocktails.
Sign. Me. UP.
If anyone wants to brainstorm... what would it take for universities to announce cross-campus climate change initiatives dedicated to rethinking basic social systems? The California-China Climate Change Institute is the only one that I know of (1).
(1) https://www.sfchronicle.com/politics/article/Jerry-Brown-to-...
>Mr. Neumann has told several people over the past two years that a personal goal is to become the world’s first trillionaire.
Am I the only person to think these two ambitions may be somewhat at odds? Or rather, they both seem to be egomaniacal in nature, and being an egomaniac doesn't seem to lend itself to solving nearly impossibly hard problems.
Maybe after he has his exit, he'll put his money with his mouth is and start working full time on a foundation like Bill Gates.
www.evanwarfel.com/blog