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[...] In the United States in recent years, one frequently has heard this type of justification for the stratospheric pay of supermanagers (50– 100 times average income, if not more). Proponents of such high pay argued that without it, only the heirs of large fortunes would be able to achieve true …

[...] The institutionalized meritocratic system helps a few to gain access to positions they merit and from which they might otherwise be barred. But it allows many more to gain access to positions on the basis of ascribed status under the cover of having gained this access by achievement.

[...] there’s a very interesting discourse that I quote in my book in chapter 13 by the founder of Sciences Po, and so that was right after the expanse of the commune, which was very traumatic at least for the elite, a very traumatic experience of redistribution in France. And so he has a very clea…

A universal stipend, without means testing or any other qualifier, would be such a literal, blunt form of redistribution that it might become less vulnerable to the traditional pitfalls of corruption and power mongering. At least that is the thinking I have heard expressed in the valley.

I am sk…

We're still analyzing Eric's model and the results it is generating, but a few things can already be said. One is that adding a cost to information does not blow up this type of model. Insurance companies do not go out of business. In fact, there appear to be states in "paid-for" information models…