[dwaltrip]

I'm starting to think that the tax rate on capital/profit should be somehow correlated with how advanced technology is. Increased technology -> greater productive leverage (inputs give more outputs) -> greater financial return. Thus, a larger cut should be used to better society overall, as the larger profits were made possible by the technology that a more advanced society enables.

This says nothing about _how_ that tax revenue should be spent. I think the current generation of government programs could be immensely improved. Worst case, if we are unable to increase the effectiveness of targeted government spending, then we just start cutting dividend checks. I will admit, this is the part I'm most uncertain about. Relatedly, I also think there is a lot of work we can do to vastly reduce the corruption and inefficiencies that are found in even the most modern governments.

The alternative would be letting those with the majority of capital increase their share of global wealth, as technology advances, at insane rates, and simply cross our fingers and hope they use their wealth wisely. Given that individuals have done nothing to bring about the tech that is present at the day of their birth, to me such a situation would feel incredibly unjust.

This is tricky stuff, however. My thoughts are slowly continuing to develop.

[Applejinx]

It's possible that simply cutting dividend checks would be enough. Market capitalism is an interesting sorta-self-regulating mechanism for seeking products and services, and the big drawback is that it isn't a social structure: nowhere in there is any suggestion that the mechanism will produce a consumer class to keep the whole thing going. Without that class, it collapses.

It's possible if you just harness the engine by forcibly redistributing capital amount X (nonlinear amount scaling from negative to positive) to all (citizens? humans? living things?) then you guarantee the consumer class's existence, and make it possible to compete for the capital of that class through producing goods and services.

You might call it the Square Tax. Pay one tenth of one percent of your income, squared… proceeds to be divvied up equally as a human dividend. That neatly results in one dollar for every thousand you make, squared (or one dollar per every 'K' of income, squared). It also means you hit a limit at exactly a million dollars of income a year. I think it's safe to say if you're in a basic income/human dividend society and you still contrive to earn a million dollars a year you need to re-evaluate what you're doing with your life, and/or you already have enough resources that you REALLY don't need to be working yourself into the grave to get more: believe it or not, other people can do things too ;)