Uptown Quant

@Afinetheorem Estate tax is a thing

A good centrist econ q: I disagree a ton with Zucman, but "one person has wealth 1000x LeBron, 10000x Fortune 500 CEO, 500000x middle age econ professor" seems politically unsustainable. Especially so if they pay lower lifetime tax than upper middle class, or give to kids. 1/2

@mattyglesias @sc_cath The estate tax is a thing. "Trust" isn't a magic button many people think it is.

@sc_cath I always feel like the basic demographics deserve more attention — John D Rockefeller had 22 grandchildren.

What happened to the Rockefeller, Carnegie and Astor by the way? According to the “law of capitalism” (r>g) their wealth should have grown ineluctably faster than GDP unless there is a wealth tax. By now, assuming a 4% spread between r and g, these families fortunes should represent roughly 200% of GDP. Is that actually true? Or maybe somehow the wealth of these families got ultimately diluted in other ways? Maybe we should wonder in what ways

Contra my previous post, it's kind of wild that NYC's Gifted & Talented program no treatment effect on standardized math test scores. 1/

@florianederer The biggest problem I don't see anybody picked up: the coauthor is the stepson of the professor.

Jonathan is such a nice person, but every time he comments on an empirical paper I get the same feeling of fear and terror that I experience when watching a horror movie. I mean this as a compliment.

Scott Pelley tells the NYT that when Bari Weiss was hired to run CBS News, he had never heard of her. How can someone be this out of touch? Seems to justify what critics of the program have been saying.

This is an odd one, because FL gov hopeful James Fishback was dating a very different woman just two months ago. x.com/j_fishback/sta…

@whyyoutouzhele 如果真的爆炸了，nasa fire map上会很明显

5月13日，一段网传视频显示，一处海上钻井平台燃起大火，视频中男子大喊，“完了，深海一号爆炸了”。 在互联网上目前已经没有任何视频，但仍有一些相关搜索记录。 同时，网上仍流传着一些不同角度的照片。

@typesfast online travel agencies have way bigger market caps than airlines

TIL there are more car dealerships than car makers in the Fortune 500

@pitdesi They probably included all the expedia employees? Also many companies have business trips booking teams

My surprise is not that the number of travel agents has fallen, but that it's only down 50% in the last 25 years.

@FrankLuntz You don't think about this kind of stuff linearly

Russian forces captured 68 square miles of Ukraine last month — and it cost them 4,800 vehicles and more than 36,600 dead and wounded troops. At the current rates of advance, Russia would capture the rest of Ukraine in the year 2256 at the cost of 101 million casualties. forbes.com/sites/davidaxe…

@SenBooker lmao a bunch of word salads that say nothing. what would you have done instead?

One less carrier means higher prices and fewer options for passengers heading into summer travel. Spirit’s collapse is the latest casualty of a consolidated airline industry that was already failing working families. The growing concentration at the top has made flying a luxury instead of a given. We must ensure greater competition in our skies and real choice for all American travelers.

@JamesSurowiecki @avidseries the older generation for sure. the younger generation not so much. Thus the rapid right-turn of the younger generation

@avidseries Do you really think highly educated white liberals were insulated from the impact of DEI policies?

@BostonByBirth how did mike reiss expose the affair?

Mike Reiss was the ESPN NFL Nation reporter who first asked Mike Vrabel about the TreVeyon Henderson situation; it was meant to be a softball question, but it ended up exposing the Dianna Russini affair. As you can see, Mike is close with Bob Kraft and the Patriots; he was the co-emcee of last night’s season ticket holder event at Gillette Stadium. Another interesting point is that former Patriots quarterback, Scott Zolak, was the other co-emcee. Last week, Scott said he didn’t want to get involved in the scandal because “I like my jobs.” Scott was “missing again,” according to Upton Bell, a former Patriots General Manager, from 98.5 The Sports Hub — the flagship radio station of the New England Patriots — on Monday, but he was there last night, toeing the party line.

@JamesSurowiecki @cfwang1337 Before you figure out what matters we as a whole society better suffer the consequences of letting the criminals do whatever they want on the streets

@cfwang1337 We don't know what matters.

Philadelphia has one of the most liberal prosecutors in the country, the Soros-backed Larry Krasner, and its homicide rate has fallen as dramatically as Baltimore's, to the lowest level since 1966.

@MattZeitlin By the domestic league I mean LigaMX not MLS

@MattZeitlin Being too close to the US means they easily make money by playing in a shitty domestic league while earning money from Mexican Americans. No motivation to play in Europe. Even their national teams schedule half of their games in the US which doesnt benefit their developmen

is there a canonical explanation for why mexico isn't more successful in international soccer

@JuanIsidro @MattZeitlin It has nothing to do with MLS. It has more to do with Mexican Americans consumption power makes Mexican league richer than it deserves. If anything, my post is a knock on Mexican league than a knock on USA

@UptownQuant @MattZeitlin Mexico has been terrible at international football for decades before MLS even existed. Cope harder.

@teriyakityrant @MattZeitlin Your national teams do need to play some good teams to build chemistry and not all good teams like to fly to play in US. International schedule is tight. Flying across Atlantic is painful

@UptownQuant @MattZeitlin how does playing friendlies in the US affect player development at all

@JamesSurowiecki lmao casual racism here to suggest all blacks vote one party

Think of what it says about Mississippi that 38% of the state's population is black, but somehow you can make every congressional district +22 Republican.

@CoachMannyDiaz Yes Coach!